William Blair Investment Management LLC increased its holdings in ADTRAN Holdings, Inc. (NASDAQ:ADTN – Free Report) by 2.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,647,155 shares of the communications equipment provider’s stock after acquiring an additional 114,986 shares during the quarter. William Blair Investment Management LLC owned 0.06% of ADTRAN worth $38,711,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also added to or reduced their stakes in the company. Intech Investment Management LLC bought a new position in shares of ADTRAN in the third quarter worth approximately $92,000. Point72 Asset Management L.P. bought a new position in shares of ADTRAN in the third quarter worth approximately $114,000. Quantinno Capital Management LP bought a new position in shares of ADTRAN in the third quarter worth approximately $120,000. Inceptionr LLC bought a new position in shares of ADTRAN in the fourth quarter worth approximately $162,000. Finally, Catalyst Funds Management Pty Ltd boosted its position in shares of ADTRAN by 6.0% in the fourth quarter. Catalyst Funds Management Pty Ltd now owns 22,800 shares of the communications equipment provider’s stock worth $190,000 after purchasing an additional 1,300 shares during the period. Hedge funds and other institutional investors own 80.56% of the company’s stock.
ADTRAN Price Performance
Shares of NASDAQ:ADTN opened at $9.18 on Tuesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.17 and a current ratio of 2.10. The firm has a fifty day moving average price of $10.35 and a 200 day moving average price of $8.19. ADTRAN Holdings, Inc. has a fifty-two week low of $4.34 and a fifty-two week high of $12.44. The firm has a market cap of $733.11 million, a price-to-earnings ratio of -1.41 and a beta of 1.29.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on ADTN
About ADTRAN
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.
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