1 week Ago By ABMN Staff
Corebridge Financial Inc. lessened its holdings in shares of ADTRAN Holdings, Inc. ( NASDAQ:ADTN – Free Report ) by 7.
0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 39,153 shares of the communications equipment provider’s stock after selling 2,955 shares during the quarter.
Corebridge Financial Inc.’s holdings in ADTRAN were worth $326,000 as of its most recent filing with the Securities & Exchange Commission. Several other institutional investors and hedge funds have also recently bought and sold shares of the business.
Catalyst Funds Management Pty Ltd grew its holdings in shares of ADTRAN by 6.0% during the fourth quarter. Catalyst Funds Management Pty Ltd now owns 22,800 shares of the communications equipment provider’s stock valued at $190,000 after purchasing an additional 1,300 shares during the last quarter.
Skandinaviska Enskilda Banken AB publ grew its stake in ADTRAN by 2.5% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 220,401 shares of the communications equipment provider’s stock worth $1,829,000 after buying an additional 5,382 shares during the last quarter.
SG Americas Securities LLC increased its position in ADTRAN by 24.7% in the fourth quarter. SG Americas Securities LLC now owns 35,424 shares of the communications equipment provider’s stock worth $295,000 after buying an additional 7,011 shares during the period.
Quantbot Technologies LP lifted its stake in ADTRAN by 104.5% in the fourth quarter. Quantbot Technologies LP now owns 14,945 shares of the communications equipment provider’s stock valued at $124,000 after buying an additional 7,636 shares during the last quarter.
Finally, Intech Investment Management LLC lifted its stake in ADTRAN by 62.0% in the fourth quarter. Intech Investment Management LLC now owns 25,038 shares of the communications equipment provider’s stock valued at $209,000 after buying an additional 9,585 shares during the last quarter.
Institutional investors and hedge funds own 80.56% of the company’s stock. Wall Street Analysts Forecast Growth A number of analysts recently weighed in on the stock.
Rosenblatt Securities reaffirmed a “buy” rating and issued a $15.00 price objective on shares of ADTRAN in a report on Friday, February 28th. Northland Securities lifted their price target on ADTRAN from $9.
00 to $10.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Needham & Company LLC increased their price objective on ADTRAN from $11.
00 to $14.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Finally, Craig Hallum initiated coverage on ADTRAN in a research report on Wednesday, January 8th.
They issued a “buy” rating and a $15.00 target price on the stock. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock.
According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $13.50. ADTRAN Stock Down 8.
2 % ADTN stock opened at $7.54 on Friday. The firm’s 50-day moving average is $9.
68 and its two-hundred day moving average is $8.58. The company has a current ratio of 2.
10, a quick ratio of 1.17 and a debt-to-equity ratio of 0.89.
The company has a market capitalization of $602.91 million, a price-to-earnings ratio of -1.16 and a beta of 1.
46. ADTRAN Holdings, Inc. has a 52 week low of $4.
34 and a 52 week high of $12.44. About ADTRAN ( Free Report ) ADTRAN Holdings, Inc, through its subsidiaries, provides networking and communications platforms, software, systems, and services in the United States, Germany, the United Kingdom, and internationally.
It operates through two segments, Network Solutions, and Services & Support. It offers residential gateways; ethernet passive optical network ONUs; gigabit passive optical network/XGS-PON ONTs; traditional SSE, routers, and switches; edge cloud; carrier ethernet network interface devices; Optical Line Terminals; Packet Aggregation, Copper Access, and Oscilloquartz; optical transport and engine solutions; infrastructure monitoring solution; and training, professional, software, and managed services. Featured Articles Want to see what other hedge funds are holding ADTN? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for ADTRAN Holdings, Inc. ( NASDAQ:ADTN – Free Report ). Receive News & Ratings for ADTRAN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ADTRAN and related companies with MarketBeat.
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