Is Selling ADTRAN, Inc. (ADTN) Here a Winning Strategy?

April 24, 2018 - By Winifred Garcia

ADTRAN, Inc. (NASDAQ:ADTN) Logo

Investors sentiment decreased to 1.1 in Q4 2017. Its down 0.42, from 1.52 in 2017Q3. It turned negative, as 20 investors sold ADTRAN, Inc. shares while 50 reduced holdings. 25 funds opened positions while 52 raised stakes. 42.06 million shares or 1.76% less from 42.82 million shares in 2017Q3 were reported.
Los Angeles Capital Equity owns 72,020 shares for 0.01% of their portfolio. Moreover, Parkside Bankshares has 0% invested in ADTRAN, Inc. (NASDAQ:ADTN) for 17 shares. Tiaa Cref Mgmt Lc has invested 0% in ADTRAN, Inc. (NASDAQ:ADTN). Moreover, Alps Advsr Inc has 0% invested in ADTRAN, Inc. (NASDAQ:ADTN) for 21,051 shares. Ls Inv Advsrs Ltd Limited Liability Company reported 1,341 shares. Nordea Management Ab has 0.01% invested in ADTRAN, Inc. (NASDAQ:ADTN). First Trust L P reported 0% of its portfolio in ADTRAN, Inc. (NASDAQ:ADTN). Bancshares Of Montreal Can, a Ontario – Canada-based fund reported 1,088 shares. Metropolitan Life New York invested in 16,382 shares. Deprince Race Zollo invested in 103,545 shares or 0.04% of the stock. Aperio Grp Ltd Liability Corporation holds 0% or 15,021 shares in its portfolio. Jacobs Levy Equity Management invested 0.11% in ADTRAN, Inc. (NASDAQ:ADTN). Louisiana-based Louisiana State Employees Retirement Sys has invested 0.02% in ADTRAN, Inc. (NASDAQ:ADTN). Bermuda-based Fil Limited has invested 0.07% in ADTRAN, Inc. (NASDAQ:ADTN). 339 are owned by Us Savings Bank De.

The stock of ADTRAN, Inc. (NASDAQ:ADTN) hit a new 52-week low and has $13.36 target or 8.00 % below today’s $14.53 share price. The 7 months bearish chart indicates high risk for the $695.81 million company. The 1-year low was reported on Apr, 24 by Barchart.com. If the $13.36 price target is reached, the company will be worth $55.66 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock increased 0.52% or $0.075 during the last trading session, reaching $14.525. About 124,368 shares traded. ADTRAN, Inc. (NASDAQ:ADTN) has declined 27.42% since April 24, 2017 and is downtrending. It has underperformed by 38.97% the S&P500.

ADTRAN, Inc. (NASDAQ:ADTN) Ratings Coverage

Among 7 analysts covering Adtran (NASDAQ:ADTN), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Adtran had 11 analyst reports since December 29, 2017 according to SRatingsIntel. The stock of ADTRAN, Inc. (NASDAQ:ADTN) earned “Buy” rating by Needham on Friday, January 12. The firm earned “Buy” rating on Wednesday, April 18 by Needham. The stock of ADTRAN, Inc. (NASDAQ:ADTN) earned “Hold” rating by Cowen & Co on Thursday, April 19. Jefferies maintained it with “Hold” rating and $1600 target in Thursday, April 19 report. The stock has “Hold” rating by Cowen & Co on Friday, December 29. The firm earned “Buy” rating on Wednesday, April 18 by Northland Capital. As per Wednesday, January 17, the company rating was maintained by Jefferies. As per Thursday, April 19, the company rating was downgraded by Argus Research. Northland Capital maintained the shares of ADTN in report on Thursday, January 18 with “Buy” rating. The stock of ADTRAN, Inc. (NASDAQ:ADTN) has “Neutral” rating given on Tuesday, January 16 by Goldman Sachs.

ADTRAN, Inc. provides networking and communications equipment worldwide. The company has market cap of $695.81 million. The firm operates through two divisions, Network Solutions and Services & Support. It has a 29.64 P/E ratio. It offers access and aggregation solutions, including fiber to the premises and fiber to the node multi-service access nodes (MSAN); fiber aggregation and FTTN MSAN; fiber to the distribution point optical network units; optical line terminals; fiber access network elements; optical networking edge aggregation; and IP digital subscriber line access multiplexers.

ADTRAN, Inc. (NASDAQ:ADTN) Ratings Chart

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