Tieton Capital Management LLC Invests $15.02 Million in Aviat Networks, Inc. $AVNW

Tieton Capital Management LLC purchased a new position in Aviat Networks, Inc. (NASDAQ:AVNW) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 676,440 shares of the communications equipment provider’s stock, valued at approximately $15,017,000. Aviat Networks comprises approximately 4.3% of Tieton Capital Management LLC’s holdings, making the stock its 6th biggest position. Tieton Capital Management LLC owned 0.05% of Aviat Networks as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Comerica Bank increased its stake in shares of Aviat Networks by 40.2% during the first quarter. Comerica Bank now owns 2,720 shares of the communications equipment provider’s stock valued at $52,000 after purchasing an additional 780 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Aviat Networks by 96.5% in the third quarter. BNP Paribas Financial Markets now owns 2,281 shares of the communications equipment provider’s stock worth $52,000 after buying an additional 1,120 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Aviat Networks by 6.7% in the second quarter. Rhumbline Advisers now owns 18,341 shares of the communications equipment provider’s stock worth $441,000 after buying an additional 1,148 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Aviat Networks in the second quarter worth approximately $28,000. Finally, Quarry LP purchased a new stake in shares of Aviat Networks during the third quarter valued at approximately $27,000. Institutional investors own 78.62% of the company’s stock.

Aviat Networks Price Performance

NASDAQ:AVNW opened at $20.69 on Thursday. The business’s 50-day simple moving average is $20.84 and its two-hundred day simple moving average is $21.50. Aviat Networks, Inc. has a 52 week low of $13.92 and a 52 week high of $27.02. The stock has a market cap of $267.73 million, a PE ratio of 29.99 and a beta of 0.70. The company has a quick ratio of 1.67, a current ratio of 1.99 and a debt-to-equity ratio of 0.36.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Northland Securities lifted their target price on Aviat Networks from $25.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, July 2nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Aviat Networks in a research report on Monday, August 3rd. Rafferty Capital Markets initiated coverage on Aviat Networks in a research report on Tuesday, June 30th. They issued a “buy” rating and a $36.00 target price for the company. Craig Hallum began coverage on shares of Aviat Networks in a research note on Tuesday, June 30th. They set a “buy” rating and a $36.00 target price on the stock. Finally, Wall Street Zen downgraded shares of Aviat Networks from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Eight equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $33.14.

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.