ADTRAN Holdings, Inc. (NASDAQ:ADTN) is Tieton Capital Management LLC’s 7th Largest Position

Tieton Capital Management LLC boosted its holdings in shares of ADTRAN Holdings, Inc. (NASDAQ:ADTN) by 23.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,192,009 shares of the communications equipment provider’s stock after acquiring an additional 229,605 shares during the quarter. ADTRAN accounts for about 4.0% of Tieton Capital Management LLC’s investment portfolio, making the stock its 7th largest holding. Tieton Capital Management LLC owned 1.50% of ADTRAN worth $9,929,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of ADTN. Vanguard Group Inc. lifted its position in ADTRAN by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 6,592,419 shares of the communications equipment provider’s stock worth $54,915,000 after buying an additional 41,478 shares in the last quarter. William Blair Investment Management LLC boosted its position in ADTRAN by 2.5% during the fourth quarter. William Blair Investment Management LLC now owns 4,647,155 shares of the communications equipment provider’s stock valued at $38,711,000 after purchasing an additional 114,986 shares during the last quarter. Geode Capital Management LLC grew its stake in ADTRAN by 3.7% in the third quarter. Geode Capital Management LLC now owns 1,810,112 shares of the communications equipment provider’s stock valued at $10,736,000 after purchasing an additional 63,960 shares in the last quarter. State Street Corp increased its position in ADTRAN by 2.8% in the 3rd quarter. State Street Corp now owns 1,767,902 shares of the communications equipment provider’s stock worth $10,484,000 after purchasing an additional 48,542 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its stake in shares of ADTRAN by 24.5% during the 4th quarter. First Eagle Investment Management LLC now owns 1,246,807 shares of the communications equipment provider’s stock worth $10,386,000 after purchasing an additional 245,000 shares in the last quarter. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Needham & Company LLC raised their price target on ADTRAN from $11.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Rosenblatt Securities reaffirmed a “buy” rating and set a $15.00 price target on shares of ADTRAN in a research note on Friday, February 28th. Northland Securities raised their price target on ADTRAN from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Finally, Craig Hallum assumed coverage on ADTRAN in a research note on Wednesday, January 8th. They set a “buy” rating and a $15.00 price target for the company. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $13.50.

ADTRAN Stock Performance

ADTN opened at $9.21 on Monday. The firm has a market capitalization of $735.51 million, a P/E ratio of -1.41 and a beta of 1.29. The stock’s 50 day moving average price is $10.26 and its two-hundred day moving average price is $8.30. The company has a quick ratio of 1.17, a current ratio of 2.10 and a debt-to-equity ratio of 0.89. ADTRAN Holdings, Inc. has a 12-month low of $4.34 and a 12-month high of $12.44.

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.