GSA Capital Partners LLP Sells 293,385 Shares of Infinera Co. (NASDAQ:INFN)

GSA Capital Partners LLP trimmed its position in Infinera Co. (NASDAQ:INFN) by 63.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 166,322 shares of the communications equipment provider’s stock after selling 293,385 shares during the period. GSA Capital Partners LLP’s holdings in Infinera were worth $1,123,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of INFN. Vanguard Group Inc. boosted its position in shares of Infinera by 9.3% in the 1st quarter. Vanguard Group Inc. now owns 27,049,371 shares of the communications equipment provider’s stock worth $163,108,000 after purchasing an additional 2,299,025 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Infinera by 22.4% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,057,935 shares of the communications equipment provider’s stock worth $67,343,000 after acquiring an additional 2,025,658 shares in the last quarter. Hood River Capital Management LLC grew its stake in shares of Infinera by 14.2% during the second quarter. Hood River Capital Management LLC now owns 4,753,842 shares of the communications equipment provider’s stock worth $28,951,000 after acquiring an additional 591,611 shares during the last quarter. AIGH Capital Management LLC increased its holdings in shares of Infinera by 278.8% during the second quarter. AIGH Capital Management LLC now owns 3,368,556 shares of the communications equipment provider’s stock valued at $20,515,000 after acquiring an additional 2,479,272 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Infinera by 37.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,759,906 shares of the communications equipment provider’s stock valued at $16,802,000 after purchasing an additional 748,155 shares during the last quarter. 97.54% of the stock is owned by hedge funds and other institutional investors.

Infinera Trading Up 0.2 %

Shares of Infinera stock opened at $6.64 on Friday. The company has a current ratio of 1.58, a quick ratio of 0.97 and a debt-to-equity ratio of 4.98. Infinera Co. has a twelve month low of $3.79 and a twelve month high of $6.92. The firm has a market capitalization of $1.57 billion, a PE ratio of -13.83 and a beta of 1.71. The firm’s 50-day moving average price is $6.68 and its 200 day moving average price is $6.03.

Infinera (NASDAQ:INFN) last released its earnings results on Tuesday, November 5th. The communications equipment provider reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.07). Infinera had a negative net margin of 7.62% and a negative return on equity of 45.12%. The firm had revenue of $354.40 million during the quarter, compared to analysts’ expectations of $401.96 million. On average, sell-side analysts predict that Infinera Co. will post -0.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on INFN. Berenberg Bank upgraded shares of Infinera to a “hold” rating in a research note on Monday, August 5th. Rosenblatt Securities reiterated a “neutral” rating and issued a $6.65 price target on shares of Infinera in a report on Wednesday, November 6th. B. Riley cut shares of Infinera from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th. StockNews.com upgraded shares of Infinera from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Infinera from $5.00 to $6.00 and gave the company an “underweight” rating in a research report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $7.09.

Infinera Profile

Infinera Corporation provides optical transport networking equipment, software, and services worldwide. The company's product portfolio includes Infinera Groove series for modular and sled-based platforms to support a various transport network applications; Infinera 7300 series, an SDN-ready coherent optical transport system; Infinera FlexILS open optical line system that connects various Infinera and third-party terminal equipment platforms over long-distance fiber optic cable providing switching, multiplexing, amplification, and management channels; and Infinera 7090 and 7100 series for transport platforms.