Intellectus Partners LLC Has $1.43 Million Position in Infinera Co. (NASDAQ:INFN)

Intellectus Partners LLC trimmed its stake in Infinera Co. (NASDAQ:INFN) by 8.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 211,450 shares of the communications equipment provider’s stock after selling 19,700 shares during the quarter. Intellectus Partners LLC’s holdings in Infinera were worth $1,427,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Olympiad Research LP acquired a new stake in shares of Infinera in the 3rd quarter valued at about $1,388,000. Palumbo Wealth Management LLC boosted its holdings in Infinera by 8.4% in the third quarter. Palumbo Wealth Management LLC now owns 23,954 shares of the communications equipment provider’s stock worth $162,000 after acquiring an additional 1,850 shares in the last quarter. Creative Planning grew its stake in Infinera by 87.3% in the third quarter. Creative Planning now owns 30,443 shares of the communications equipment provider’s stock valued at $205,000 after acquiring an additional 14,193 shares during the period. Handelsbanken Fonder AB increased its holdings in shares of Infinera by 44.3% during the third quarter. Handelsbanken Fonder AB now owns 83,406 shares of the communications equipment provider’s stock valued at $563,000 after acquiring an additional 25,600 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Infinera during the third quarter worth approximately $556,000. 97.54% of the stock is currently owned by institutional investors and hedge funds.

Infinera Stock Performance

Infinera stock opened at $6.64 on Friday. Infinera Co. has a 52 week low of $3.79 and a 52 week high of $6.92. The company’s 50 day moving average price is $6.68 and its two-hundred day moving average price is $6.03. The company has a debt-to-equity ratio of 4.98, a current ratio of 1.58 and a quick ratio of 0.97.

Infinera (NASDAQ:INFN) last posted its quarterly earnings results on Tuesday, November 5th. The communications equipment provider reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.07). The company had revenue of $354.40 million for the quarter, compared to the consensus estimate of $401.96 million. Infinera had a negative net margin of 7.62% and a negative return on equity of 45.12%. On average, research analysts predict that Infinera Co. will post -0.22 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on INFN shares. Rosenblatt Securities reissued a “neutral” rating and issued a $6.65 price target on shares of Infinera in a research report on Wednesday, November 6th. B. Riley cut shares of Infinera from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. upped their target price on shares of Infinera from $5.00 to $6.00 and gave the stock an “underweight” rating in a report on Tuesday, August 6th. StockNews.com raised Infinera from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Berenberg Bank raised Infinera to a “hold” rating in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Infinera has an average rating of “Hold” and a consensus target price of $7.09.

About Infinera

Infinera Corporation provides optical transport networking equipment, software, and services worldwide. The company's product portfolio includes Infinera Groove series for modular and sled-based platforms to support a various transport network applications; Infinera 7300 series, an SDN-ready coherent optical transport system; Infinera FlexILS open optical line system that connects various Infinera and third-party terminal equipment platforms over long-distance fiber optic cable providing switching, multiplexing, amplification, and management channels; and Infinera 7090 and 7100 series for transport platforms.