Rhumbline Advisers Has $330,000 Stock Position in Aviat Networks, Inc. (NASDAQ:AVNW)

Rhumbline Advisers reduced its stake in shares of Aviat Networks, Inc. (NASDAQ:AVNW) by 5.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,193 shares of the communications equipment provider’s stock after selling 897 shares during the quarter. Rhumbline Advisers’ holdings in Aviat Networks were worth $330,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of AVNW. AlphaQuest LLC acquired a new stake in shares of Aviat Networks during the 4th quarter worth $133,000. Truvestments Capital LLC increased its holdings in shares of Aviat Networks by 8.0% during the fourth quarter. Truvestments Capital LLC now owns 10,723 shares of the communications equipment provider’s stock worth $194,000 after buying an additional 794 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Aviat Networks by 69.8% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 46,964 shares of the communications equipment provider’s stock worth $851,000 after buying an additional 19,306 shares in the last quarter. First Eagle Investment Management LLC bought a new position in shares of Aviat Networks during the fourth quarter valued at $3,669,000. Finally, Quantbot Technologies LP bought a new position in shares of Aviat Networks during the fourth quarter valued at $156,000. 78.62% of the stock is owned by institutional investors and hedge funds.

Aviat Networks Stock Up 2.8%

Shares of NASDAQ AVNW opened at $23.50 on Wednesday. The company has a market capitalization of $299.16 million, a P/E ratio of -117.50 and a beta of 1.58. Aviat Networks, Inc. has a 52-week low of $12.96 and a 52-week high of $31.74. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.29 and a current ratio of 1.62. The company’s 50 day moving average price is $20.44 and its 200-day moving average price is $19.69.

About Aviat Networks

Aviat Networks, Inc provides microwave networking and wireless access networking solutions in North America, Africa, the Middle East, Europe, Latin America, and the Asia Pacific. The company offers outdoor, indoor, and split-mount radios; microwave routers, switches, and trunking; and private LTE, virtual fiber, and element management products; and hosted software products, such as aviat design, frequency assurance software, and health assurance software.