Verition Fund Management LLC bought a new position in Avaya Holdings Corp (NYSE:AVYA) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 22,664 shares of the company’s stock, valued at approximately $508,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Citigroup Inc. bought a new stake in shares of Avaya in the first quarter worth about $119,000. C M Bidwell & Associates Ltd. bought a new stake in shares of Avaya in the first quarter worth about $122,000. Thompson Davis & CO. Inc. bought a new stake in shares of Avaya in the first quarter worth about $228,000. Oppenheimer Asset Management Inc. bought a new stake in Avaya during the 1st quarter valued at approximately $273,000. Finally, Delphi Financial Group Inc. bought a new stake in Avaya during the 1st quarter valued at approximately $315,000. 87.93% of the stock is currently owned by institutional investors.
Avaya opened at $21.07 on Monday, MarketBeat.com reports. Avaya Holdings Corp has a fifty-two week low of $15.63 and a fifty-two week high of $23.76. The company has a current ratio of 0.97, a quick ratio of 0.88 and a debt-to-equity ratio of 1.63.
Separately, Zacks Investment Research raised Avaya from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Thursday, April 5th.
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. On January 19, 2017, Avaya Holdings Corp.
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