ADTRAN Holdings, Inc. (NASDAQ:ADTN) Shares Sold by Tieton Capital Management LLC

Tieton Capital Management LLC cut its position in ADTRAN Holdings, Inc. (NASDAQ:ADTN) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 141,749 shares of the communications equipment provider’s stock after selling 3,130 shares during the quarter. Tieton Capital Management LLC’s holdings in ADTRAN were worth $1,040,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Federated Hermes Inc. acquired a new position in ADTRAN during the 4th quarter worth $8,363,000. William Blair Investment Management LLC grew its stake in ADTRAN by 57.2% during the 3rd quarter. William Blair Investment Management LLC now owns 2,405,839 shares of the communications equipment provider’s stock worth $19,800,000 after purchasing an additional 875,140 shares in the last quarter. Paradigm Capital Management Inc. NY grew its stake in ADTRAN by 606.7% during the 3rd quarter. Paradigm Capital Management Inc. NY now owns 673,900 shares of the communications equipment provider’s stock worth $5,546,000 after purchasing an additional 578,543 shares in the last quarter. First Eagle Investment Management LLC grew its stake in ADTRAN by 51.0% during the 3rd quarter. First Eagle Investment Management LLC now owns 1,136,807 shares of the communications equipment provider’s stock worth $9,356,000 after purchasing an additional 384,096 shares in the last quarter. Finally, Kovack Advisors Inc. grew its stake in ADTRAN by 157.9% during the 4th quarter. Kovack Advisors Inc. now owns 432,750 shares of the communications equipment provider’s stock worth $3,176,000 after purchasing an additional 264,950 shares in the last quarter. 80.56% of the stock is owned by institutional investors and hedge funds.

ADTRAN Stock Performance

Shares of ADTRAN stock traded up $0.07 on Tuesday, hitting $5.34. The stock had a trading volume of 426,668 shares, compared to its average volume of 747,896. ADTRAN Holdings, Inc. has a 52-week low of $4.34 and a 52-week high of $11.02. The company has a current ratio of 2.46, a quick ratio of 1.33 and a debt-to-equity ratio of 0.73. The stock has a market cap of $422.50 million, a price-to-earnings ratio of -0.76 and a beta of 1.13. The company’s 50 day moving average price is $5.11 and its 200 day moving average price is $5.97.

ADTRAN (NASDAQ:ADTN) last posted its earnings results on Monday, February 26th. The communications equipment provider reported ($1.13) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($1.01). The firm had revenue of $225.48 million during the quarter, compared to analysts’ expectations of $232.45 million. ADTRAN had a negative net margin of 51.42% and a negative return on equity of 18.98%. On average, research analysts anticipate that ADTRAN Holdings, Inc. will post -0.23 EPS for the current year.

Analyst Upgrades and Downgrades

ADTN has been the subject of a number of recent analyst reports. Northland Capmk raised ADTRAN from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 8th. Northland Securities raised ADTRAN from a “market perform” rating to an “outperform” rating and set a $7.50 price target for the company in a report on Wednesday, May 8th. Rosenblatt Securities decreased their price target on ADTRAN from $8.00 to $7.50 and set a “neutral” rating for the company in a report on Wednesday, February 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $8.00 price target on shares of ADTRAN in a report on Monday. Finally, StockNews.com raised ADTRAN to a “sell” rating in a report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $7.67.

ADTRAN Company Profile

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.