OxFORD Asset Management LLP Acquires New Holdings in ADTRAN, Inc. (ADTN)

OxFORD Asset Management LLP bought a new position in ADTRAN, Inc. (NASDAQ:ADTN) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 48,300 shares of the communications equipment provider’s stock, valued at approximately $1,157,000. OxFORD Asset Management LLP owned 0.10% of ADTRAN as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ADTN. Public Employees Retirement System of Ohio increased its position in shares of ADTRAN by 5.8% during the second quarter. Public Employees Retirement System of Ohio now owns 6,804 shares of the communications equipment provider’s stock worth $141,000 after acquiring an additional 373 shares in the last quarter. Thompson Davis & CO. Inc. bought a new position in ADTRAN in the third quarter valued at $157,000. SG Americas Securities LLC bought a new position in ADTRAN in the third quarter valued at $190,000. Suntrust Banks Inc. bought a new position in shares of ADTRAN in the 2nd quarter valued at about $208,000. Finally, Crossmark Global Holdings Inc. bought a new position in shares of ADTRAN in the 3rd quarter valued at about $211,000. Institutional investors own 91.37% of the company’s stock.

A number of brokerages have recently commented on ADTN. Needham & Company LLC reissued a “buy” rating and issued a $22.00 price objective (down previously from $26.00) on shares of ADTRAN in a research report on Friday. BidaskClub cut shares of ADTRAN from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Zacks Investment Research cut shares of ADTRAN from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 23rd. Cowen reissued a “hold” rating and issued a $16.00 target price on shares of ADTRAN in a report on Friday, December 29th. Finally, Northland Securities set a $28.00 target price on shares of ADTRAN and gave the company a “buy” rating in a report on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. ADTRAN presently has an average rating of “Hold” and an average price target of $23.21.

ADTRAN, Inc. (NASDAQ:ADTN) remained flat at $$19.70 during trading on Friday. 348,986 shares of the company’s stock traded hands, compared to its average volume of 475,256. The company has a current ratio of 3.36, a quick ratio of 2.43 and a debt-to-equity ratio of 0.05. ADTRAN, Inc. has a 52 week low of $18.65 and a 52 week high of $25.10. The company has a market cap of $948.55, a price-to-earnings ratio of 22.39, a P/E/G ratio of 2.80 and a beta of 0.77.

ADTRAN (NASDAQ:ADTN) last released its earnings results on Tuesday, October 17th. The communications equipment provider reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.13. ADTRAN had a net margin of 6.05% and a return on equity of 9.05%. The company had revenue of $185.11 million for the quarter, compared to the consensus estimate of $185.43 million. analysts predict that ADTRAN, Inc. will post 0.68 EPS for the current year.

In other news, SVP Kevin P. Heering sold 9,809 shares of the company’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $21.60, for a total value of $211,874.40. Following the completion of the sale, the senior vice president now owns 10,162 shares in the company, valued at approximately $219,499.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Raymond R. Schansman sold 48,056 shares of the company’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $21.70, for a total transaction of $1,042,815.20. Following the completion of the sale, the senior vice president now owns 11,658 shares of the company’s stock, valued at approximately $252,978.60. The disclosure for this sale can be found here. Corporate insiders own 2.96% of the company’s stock.

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About ADTRAN

ADTRAN, Inc (ADTRAN) is a provider of networking and communications equipment. The Company’s solutions enable voice, data, video and Internet communications across a range of network infrastructures. It operates through two segments: Network Solutions and Services & Support. Network Solutions includes software and hardware products that enable CSPs and enterprise customers to realize a fully connected world.

Institutional Ownership by Quarter for ADTRAN (NASDAQ:ADTN)

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