First Quadrant L P CA Takes Position in Avaya Holdings Corp (AVYA)

First Quadrant L P CA purchased a new stake in shares of Avaya Holdings Corp (NYSE:AVYA) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 19,372 shares of the company’s stock, valued at approximately $429,000.

Other hedge funds have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Avaya during the second quarter valued at about $104,000. BNP Paribas Arbitrage SA acquired a new stake in shares of Avaya during the second quarter valued at about $123,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Avaya during the second quarter valued at about $157,000. Great West Life Assurance Co. Can acquired a new stake in shares of Avaya during the second quarter valued at about $176,000. Finally, Raymond James Trust N.A. acquired a new stake in shares of Avaya during the third quarter valued at about $233,000. 99.54% of the stock is currently owned by hedge funds and other institutional investors.

Avaya stock opened at $16.42 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 1.80. Avaya Holdings Corp has a one year low of $15.63 and a one year high of $23.76.



Avaya (NYSE:AVYA) last posted its quarterly earnings data on Thursday, August 9th. The company reported ($0.80) EPS for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($1.57). The company had revenue of $755.00 million during the quarter, compared to analyst estimates of $754.00 million. Avaya had a return on equity of 4,097.00% and a net margin of 104.03%. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. On average, analysts predict that Avaya Holdings Corp will post 2.4 earnings per share for the current fiscal year.

A number of brokerages have recently commented on AVYA. Zacks Investment Research raised Avaya from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Monday, August 13th. Citigroup began coverage on Avaya in a research note on Friday, August 31st. They set a “neutral” rating and a $25.00 price target on the stock. Finally, Barclays began coverage on Avaya in a research note on Friday, October 5th. They set an “equal weight” rating on the stock. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $27.25.

Avaya Profile

Avaya Holdings Corp. operates as a holding company which through its subsidiary, develops business collaboration and communications solutions worldwide. The company was formerly known as Sierra Holdings Corp. The company was incorporated in 2007 and is based in Santa Clara, California.

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Institutional Ownership by Quarter for Avaya (NYSE:AVYA)

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