Spark Investment Management LLC Increases Stake in Aviat Networks, Inc. (AVNW)
Spark Investment Management LLC boosted its position in Aviat Networks, Inc. (NASDAQ:AVNW) by 71.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,100 shares of the communications equipment provider’s stock after buying an additional 16,737 shares during the period. Spark Investment Management LLC’s holdings in Aviat Networks were worth $697,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. TFS Capital LLC purchased a new position in Aviat Networks during the first quarter worth approximately $160,000. Schneider Capital Management Corp boosted its position in shares of Aviat Networks by 1.0% in the first quarter. Schneider Capital Management Corp now owns 465,310 shares of the communications equipment provider’s stock worth $7,008,000 after buying an additional 4,400 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Aviat Networks by 12.8% in the first quarter. Renaissance Technologies LLC now owns 259,483 shares of the communications equipment provider’s stock worth $3,908,000 after buying an additional 29,434 shares in the last quarter. Institutional investors and hedge funds own 49.03% of the company’s stock.
Aviat Networks, Inc. (NASDAQ:AVNW) opened at 16.28 on Friday. Aviat Networks, Inc. has a one year low of $7.54 and a one year high of $24.14. The firm has a 50-day moving average of $18.12 and a 200-day moving average of $16.59. The company’s market cap is $86.53 million.
Aviat Networks (NASDAQ:AVNW) last posted its earnings results on Wednesday, May 10th. The communications equipment provider reported ($0.07) earnings per share for the quarter. The business had revenue of $58.70 million during the quarter. Aviat Networks had a negative net margin of 5.95% and a negative return on equity of 13.23%. On average, analysts predict that Aviat Networks, Inc. will post ($0.13) EPS for the current year.
COPYRIGHT VIOLATION WARNING: This news story was first reported by Watch List News and is owned by of Watch List News. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of international copyright & trademark laws. The correct version of this news story can be viewed at https://www.watchlistnews.com/spark-investment-management-llc-increases-stake-in-aviat-networks-inc-avnw/1476728.html.
About Aviat Networks
Aviat Networks, Inc, together with its subsidiaries, is a supplier of microwave networking solutions. The Company’s product categories include point-to-point microwave and millimeter wave radios that are licensed (subject to local frequency regulatory requirements), lightly-licensed and license-exempt (operating in license-exempt frequencies), and element and network management software.
Want to see what other hedge funds are holding AVNW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aviat Networks, Inc. (NASDAQ:AVNW).
Receive News & Ratings for Aviat Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aviat Networks Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.