Quantbot Technologies LP Has $1.19 Million Stock Holdings in ADTRAN Holdings, Inc. $ADTN

Quantbot Technologies LP grew its stake in shares of ADTRAN Holdings, Inc. (NASDAQ:ADTN) by 520.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 126,490 shares of the communications equipment provider’s stock after purchasing an additional 106,110 shares during the period. Quantbot Technologies LP’s holdings in ADTRAN were worth $1,186,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in ADTN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of ADTRAN by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,767 shares of the communications equipment provider’s stock valued at $408,000 after buying an additional 1,946 shares during the period. Cape Investment Advisory Inc. acquired a new position in ADTRAN during the 2nd quarter worth approximately $27,000. Police & Firemen s Retirement System of New Jersey raised its stake in ADTRAN by 19.7% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 19,531 shares of the communications equipment provider’s stock worth $175,000 after buying an additional 3,217 shares during the period. SG Americas Securities LLC boosted its holdings in ADTRAN by 1.4% in the second quarter. SG Americas Securities LLC now owns 237,207 shares of the communications equipment provider’s stock worth $2,128,000 after acquiring an additional 3,370 shares in the last quarter. Finally, Creative Planning grew its stake in ADTRAN by 5.7% in the second quarter. Creative Planning now owns 63,774 shares of the communications equipment provider’s stock valued at $572,000 after acquiring an additional 3,424 shares during the period. Institutional investors own 80.56% of the company’s stock.

ADTRAN Price Performance

ADTN stock opened at $9.59 on Friday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.16 and a current ratio of 1.76. The business has a 50-day simple moving average of $9.57 and a two-hundred day simple moving average of $9.15. The company has a market capitalization of $773.53 million, a P/E ratio of -18.80 and a beta of 1.37. ADTRAN Holdings, Inc. has a 52-week low of $6.93 and a 52-week high of $11.10.

ADTRAN (NASDAQ:ADTN) last issued its quarterly earnings data on Wednesday, February 25th. The communications equipment provider reported $0.16 EPS for the quarter, topping the consensus estimate of $0.08 by $0.08. ADTRAN had a positive return on equity of 4.23% and a negative net margin of 4.15%.The firm had revenue of $291.56 million during the quarter, compared to the consensus estimate of $281.12 million. The firm’s revenue for the quarter was up 20.0% on a year-over-year basis. Research analysts expect that ADTRAN Holdings, Inc. will post -0.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Needham & Company LLC restated a “buy” rating and set a $14.00 price objective on shares of ADTRAN in a report on Thursday, February 26th. Wall Street Zen upgraded ADTRAN from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Argus raised shares of ADTRAN to a “hold” rating in a research report on Wednesday. Finally, Rosenblatt Securities boosted their price target on shares of ADTRAN from $11.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $15.33.

ADTRAN Company Profile

ADTRAN, Inc is a global provider of networking and communications equipment, specializing in broadband access solutions for service providers, enterprises and government organizations. Founded in 1985 and headquartered in Huntsville, Alabama, the company develops and delivers hardware and software platforms that enable high-speed Internet access over fiber, copper and wireless networks. Its core offerings include fiber access and aggregation equipment, Ethernet switches, customer premises equipment (CPE) and network management systems designed to support both legacy and next-generation broadband deployments.

The company’s product portfolio encompasses a broad range of optical line terminals (OLTs), optical network terminals (ONTs), multiservice access gateways and virtualized access solutions.