North Star Investment Management Corp. Acquires New Shares in Aviat Networks, Inc. $AVNW

North Star Investment Management Corp. bought a new stake in Aviat Networks, Inc. (NASDAQ:AVNW) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 27,000 shares of the communications equipment provider’s stock, valued at approximately $610,000. North Star Investment Management Corp. owned about 0.21% of Aviat Networks as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Aviat Networks by 1.2% in the third quarter. Vanguard Group Inc. now owns 700,233 shares of the communications equipment provider’s stock worth $16,056,000 after acquiring an additional 8,179 shares during the last quarter. Royce & Associates LP grew its holdings in shares of Aviat Networks by 8.5% during the 4th quarter. Royce & Associates LP now owns 648,235 shares of the communications equipment provider’s stock valued at $13,859,000 after purchasing an additional 51,000 shares during the last quarter. Western Standard LLC increased its position in Aviat Networks by 84.5% during the 4th quarter. Western Standard LLC now owns 494,238 shares of the communications equipment provider’s stock worth $10,567,000 after purchasing an additional 226,332 shares in the last quarter. Kennedy Capital Management LLC increased its position in Aviat Networks by 5.8% during the 3rd quarter. Kennedy Capital Management LLC now owns 445,947 shares of the communications equipment provider’s stock worth $10,226,000 after purchasing an additional 24,284 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its stake in Aviat Networks by 0.5% in the 3rd quarter. First Eagle Investment Management LLC now owns 380,356 shares of the communications equipment provider’s stock valued at $8,722,000 after purchasing an additional 1,807 shares during the last quarter. Institutional investors and hedge funds own 78.62% of the company’s stock.

Aviat Networks Stock Up 1.3%

Shares of AVNW opened at $20.73 on Tuesday. The stock’s 50-day moving average price is $18.97 and its two-hundred day moving average price is $21.62. Aviat Networks, Inc. has a 12 month low of $13.92 and a 12 month high of $27.02. The company has a market capitalization of $268.23 million, a PE ratio of 30.04 and a beta of 0.74. The company has a current ratio of 1.99, a quick ratio of 1.67 and a debt-to-equity ratio of 0.36.

Aviat Networks (NASDAQ:AVNW) last issued its quarterly earnings results on Monday, May 4th. The communications equipment provider reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.36). The company had revenue of $100.00 million during the quarter, compared to analyst estimates of $106.39 million. Aviat Networks had a net margin of 2.08% and a return on equity of 6.89%. On average, analysts anticipate that Aviat Networks, Inc. will post 1.14 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on AVNW shares. Weiss Ratings lowered shares of Aviat Networks from a “hold (c)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th. Zacks Research downgraded shares of Aviat Networks from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Citigroup upgraded Aviat Networks to an “outperform” rating in a research note on Monday, June 15th. Citizens Jmp cut their price objective on Aviat Networks from $30.00 to $25.00 and set a “market outperform” rating on the stock in a report on Wednesday, May 6th. Finally, Lake Street Capital set a $31.00 price objective on Aviat Networks and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $31.00.

Aviat Networks Company Profile

Aviat Networks, Inc is a specialist in wireless transport solutions, designing, manufacturing and selling microwave networking products that enable the secure and reliable transmission of data, voice and video. The company’s offerings address mission-critical communications needs for a broad range of end markets, including telecommunications service providers, utilities, government agencies and enterprises. Its product portfolio spans high-capacity packet microwave radios, IP transport systems and network management software.

Aviat’s core product lines include the WTM series of packet microwave platforms, which deliver scalable throughput and advanced resilience features, and the Eclipse packet microwave systems, which combine broadband capacity with synchronization, security and quality-of-service capabilities.