Steward Partners Investment Advisory LLC Invests $238,000 in Avaya Holdings Corp (NYSE:AVYA)

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Steward Partners Investment Advisory LLC bought a new position in Avaya Holdings Corp (NYSE:AVYA) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 20,000 shares of the company’s stock, valued at approximately $238,000.

Other large investors have also added to or reduced their stakes in the company. Skylands Capital LLC boosted its stake in Avaya by 314.0% in the 1st quarter. Skylands Capital LLC now owns 285,450 shares of the company’s stock worth $4,804,000 after purchasing an additional 216,500 shares in the last quarter. Legal & General Group Plc boosted its stake in Avaya by 7.2% in the 4th quarter. Legal & General Group Plc now owns 43,331 shares of the company’s stock worth $631,000 after purchasing an additional 2,912 shares in the last quarter. Strs Ohio boosted its stake in Avaya by 10.8% in the 1st quarter. Strs Ohio now owns 64,500 shares of the company’s stock worth $1,085,000 after purchasing an additional 6,300 shares in the last quarter. Norges Bank bought a new position in Avaya in the 4th quarter worth about $11,585,000. Finally, Alambic Investment Management L.P. bought a new position in Avaya in the 1st quarter worth about $436,000. 99.56% of the stock is currently owned by hedge funds and other institutional investors.

AVYA opened at $11.80 on Wednesday. The company has a quick ratio of 1.31, a current ratio of 1.37 and a debt-to-equity ratio of 1.45. The company has a market cap of $1.23 billion, a PE ratio of 3.90 and a beta of 1.70. The company’s 50-day moving average is $11.23. Avaya Holdings Corp has a 52-week low of $10.23 and a 52-week high of $23.40.

A number of brokerages recently issued reports on AVYA. Citigroup set a $12.00 price target on shares of Avaya and gave the stock a “hold” rating in a research note on Monday, July 8th. BWS Financial dropped their price target on shares of Avaya from $32.00 to $22.00 and set a “hold” rating on the stock in a research note on Friday, May 10th. Zacks Investment Research upgraded shares of Avaya from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 10th. Finally, Northland Securities reiterated a “buy” rating and issued a $21.00 price target on shares of Avaya in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $19.44.

Avaya Company Profile

Avaya Holdings Corp., through its subsidiaries, provides digital communications products, solutions, and services for businesses worldwide. The company operates through two segments, Products & Solutions, and Services. The Products & Solutions segment offers unified communications and contact center platforms, applications, and devices.

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Institutional Ownership by Quarter for Avaya (NYSE:AVYA)

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