Bank of Montreal Can boosted its position in shares of Avaya Holdings Corp. (NYSE:AVYA) by 33.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 376,990 shares of the company’s stock after acquiring an additional 94,950 shares during the quarter. Bank of Montreal Can owned 0.45% of Avaya worth $11,261,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. American International Group Inc. boosted its holdings in Avaya by 1.4% during the 1st quarter. American International Group Inc. now owns 48,753 shares of the company’s stock valued at $1,367,000 after acquiring an additional 658 shares during the period. Aperio Group LLC boosted its holdings in Avaya by 3.4% during the 4th quarter. Aperio Group LLC now owns 20,184 shares of the company’s stock valued at $387,000 after acquiring an additional 671 shares during the period. Signaturefd LLC raised its position in Avaya by 905.8% in the 4th quarter. Signaturefd LLC now owns 1,740 shares of the company’s stock valued at $33,000 after purchasing an additional 1,567 shares in the last quarter. Financial Management Professionals Inc. acquired a new stake in Avaya in the 1st quarter valued at about $68,000. Finally, Swiss National Bank raised its position in Avaya by 1.5% in the 1st quarter. Swiss National Bank now owns 190,500 shares of the company’s stock valued at $5,340,000 after purchasing an additional 2,900 shares in the last quarter.
Separately, Zacks Investment Research lowered Avaya from a “hold” rating to a “strong sell” rating in a research report on Friday, May 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. Avaya presently has a consensus rating of “Buy” and a consensus price target of $28.27.
Avaya (NYSE:AVYA) last issued its earnings results on Wednesday, May 5th. The company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.01). Avaya had a positive return on equity of 100.08% and a negative net margin of 0.54%. The business had revenue of $738.00 million for the quarter, compared to analyst estimates of $717.52 million. During the same period last year, the business posted ($7.24) EPS. Avaya’s revenue was up 8.2% on a year-over-year basis. On average, sell-side analysts forecast that Avaya Holdings Corp. will post -0.49 earnings per share for the current year.
Avaya Holdings Corp., through its subsidiaries, provides digital communications products, solutions, and services for businesses worldwide. The company operates through two segments, Products & Solutions and Services. The Products & Solutions segment offers unified communications and contact center platforms, applications, and devices.
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