Bank of Montreal Can boosted its holdings in shares of Avaya Holdings Corp (NYSE:AVYA) by 117.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 307,099 shares of the company’s stock after acquiring an additional 165,617 shares during the period. Bank of Montreal Can owned 0.28% of Avaya worth $5,168,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in AVYA. JPMorgan Chase & Co. grew its position in Avaya by 2.4% during the third quarter. JPMorgan Chase & Co. now owns 9,816,231 shares of the company’s stock worth $217,330,000 after buying an additional 225,882 shares in the last quarter. Bank of New York Mellon Corp grew its position in Avaya by 7.3% during the third quarter. Bank of New York Mellon Corp now owns 465,099 shares of the company’s stock worth $10,297,000 after buying an additional 31,490 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Avaya during the third quarter worth about $5,620,000. AQR Capital Management LLC purchased a new position in Avaya during the third quarter worth about $3,483,000. Finally, Teachers Advisors LLC grew its position in Avaya by 2.2% during the third quarter. Teachers Advisors LLC now owns 207,909 shares of the company’s stock worth $4,603,000 after buying an additional 4,382 shares in the last quarter. 99.11% of the stock is owned by institutional investors.
AVYA opened at $15.00 on Friday. Avaya Holdings Corp has a 12-month low of $12.89 and a 12-month high of $23.40. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.31 and a quick ratio of 1.25. The stock has a market capitalization of $1.66 billion, a PE ratio of 5.37 and a beta of 1.52.
Avaya (NYSE:AVYA) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.72 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.72. Avaya had a return on equity of 16.10% and a net margin of 6.12%. The firm had revenue of $714.00 million during the quarter, compared to analysts’ expectations of $748.47 million. Avaya’s revenue was down 5.7% compared to the same quarter last year. As a group, equities research analysts expect that Avaya Holdings Corp will post 3.27 EPS for the current year.
Several equities analysts recently commented on the company. Zacks Investment Research upgraded Avaya from a “sell” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Tuesday, February 5th. Northland Securities restated a “buy” rating and set a $21.00 target price on shares of Avaya in a research report on Friday. BWS Financial reduced their target price on Avaya from $32.00 to $22.00 and set a “hold” rating for the company in a research report on Friday. Guggenheim assumed coverage on Avaya in a research report on Monday, March 11th. They set a “buy” rating and a $22.00 target price for the company. Finally, Barclays upgraded Avaya from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $20.00 to $21.00 in a research report on Friday, January 25th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Avaya has a consensus rating of “Hold” and a consensus price target of $21.06.
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Avaya Holdings Corp., through its subsidiaries, provides digital communications products, solutions, and services for businesses worldwide. The company operates through two segments, Products & Solutions, and Services. The Products & Solutions segment offers unified communications and contact center platforms, applications, and devices.
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