Steward Partners Investment Advisory LLC acquired a new stake in shares of Avaya Holdings Corp (NYSE:AVYA) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 20,000 shares of the company’s stock, valued at approximately $238,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Public Employees Retirement System of Ohio grew its holdings in Avaya by 57.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 3,363 shares of the company’s stock valued at $49,000 after buying an additional 1,232 shares in the last quarter. Millennium Management LLC purchased a new stake in Avaya during the 4th quarter valued at approximately $152,000. ARP Americas LP purchased a new stake in Avaya during the 1st quarter valued at approximately $192,000. Xact Kapitalforvaltning AB purchased a new stake in Avaya during the 2nd quarter valued at approximately $138,000. Finally, Menta Capital LLC purchased a new stake in Avaya during the 1st quarter valued at approximately $218,000. 99.56% of the stock is owned by institutional investors and hedge funds.

NYSE AVYA opened at $11.80 on Wednesday. The company has a quick ratio of 1.31, a current ratio of 1.37 and a debt-to-equity ratio of 1.45. The company has a market cap of $1.23 billion, a P/E ratio of 3.90 and a beta of 1.70. Avaya Holdings Corp has a one year low of $10.23 and a one year high of $23.40. The firm’s 50 day moving average price is $11.23.

AVYA has been the subject of a number of research reports. Zacks Investment Research upgraded Avaya from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 10th. Citigroup set a $12.00 target price on Avaya and gave the company a “hold” rating in a research report on Monday, July 8th. Northland Securities reiterated a “buy” rating and set a $21.00 target price on shares of Avaya in a research report on Wednesday. Finally, BWS Financial lowered their target price on Avaya from $32.00 to $22.00 and set a “hold” rating for the company in a research report on Friday, May 10th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $19.44.

Avaya Company Profile

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.

Featured Article: Depreciation

Want to see what other hedge funds are holding AVYA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Avaya Holdings Corp (NYSE:AVYA).

Institutional Ownership by Quarter for Avaya (NYSE:AVYA)

Receive News & Ratings for Avaya Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avaya and related companies with MarketBeat.com's FREE daily email newsletter.