Royce & Associates LP Has $11.68 Million Stake in Aviat Networks, Inc. (NASDAQ:AVNW)

Royce & Associates LP trimmed its stake in Aviat Networks, Inc. (NASDAQ:AVNW) by 7.4% during the fourth quarter, Holdings Channel reports. The fund owned 644,879 shares of the communications equipment provider’s stock after selling 51,515 shares during the quarter. Royce & Associates LP owned 0.05% of Aviat Networks worth $11,679,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AVNW. First Eagle Investment Management LLC acquired a new stake in shares of Aviat Networks in the fourth quarter valued at about $3,669,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Aviat Networks by 69.8% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 46,964 shares of the communications equipment provider’s stock valued at $851,000 after buying an additional 19,306 shares during the last quarter. Truvestments Capital LLC increased its position in Aviat Networks by 8.0% in the 4th quarter. Truvestments Capital LLC now owns 10,723 shares of the communications equipment provider’s stock worth $194,000 after buying an additional 794 shares during the period. AlphaQuest LLC bought a new position in Aviat Networks in the 4th quarter worth approximately $133,000. Finally, Hodges Capital Management Inc. lifted its holdings in shares of Aviat Networks by 20.9% during the fourth quarter. Hodges Capital Management Inc. now owns 562,710 shares of the communications equipment provider’s stock worth $10,190,000 after buying an additional 97,227 shares during the last quarter. 78.62% of the stock is currently owned by institutional investors and hedge funds.

Aviat Networks Price Performance

NASDAQ:AVNW opened at $19.06 on Tuesday. The company has a market capitalization of $241.76 million, a price-to-earnings ratio of -95.30 and a beta of 1.67. The company has a 50-day moving average of $20.42 and a 200-day moving average of $19.86. Aviat Networks, Inc. has a 52 week low of $12.96 and a 52 week high of $38.85. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.37 and a current ratio of 1.68.

Aviat Networks (NASDAQ:AVNW) last released its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.57. Aviat Networks had a positive return on equity of 4.33% and a negative net margin of 0.56%. As a group, equities research analysts anticipate that Aviat Networks, Inc. will post 0.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

AVNW has been the topic of several research analyst reports. Northland Securities restated an “outperform” rating and issued a $30.00 price objective (up previously from $27.00) on shares of Aviat Networks in a research note on Wednesday, February 5th. StockNews.com upgraded shares of Aviat Networks from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $37.60.

About Aviat Networks

Aviat Networks, Inc provides microwave networking and wireless access networking solutions in North America, Africa, the Middle East, Europe, Latin America, and the Asia Pacific. The company offers outdoor, indoor, and split-mount radios; microwave routers, switches, and trunking; and private LTE, virtual fiber, and element management products; and hosted software products, such as aviat design, frequency assurance software, and health assurance software.