Intellectus Partners LLC Sells 15,750 Shares of Infinera Co. (NASDAQ:INFN)

Intellectus Partners LLC reduced its position in Infinera Co. (NASDAQ:INFN) by 5.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 280,218 shares of the communications equipment provider’s stock after selling 15,750 shares during the quarter. Intellectus Partners LLC owned approximately 0.12% of Infinera worth $1,331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Pathstone Family Office LLC bought a new position in shares of Infinera during the third quarter worth $66,000. SG Americas Securities LLC bought a new position in Infinera during the fourth quarter valued at $81,000. Merlin Capital Inc lifted its position in Infinera by 68.1% during the third quarter. Merlin Capital Inc now owns 20,915 shares of the communications equipment provider’s stock valued at $87,000 after purchasing an additional 8,474 shares during the last quarter. Mackenzie Financial Corp lifted its position in Infinera by 53.8% during the fourth quarter. Mackenzie Financial Corp now owns 18,933 shares of the communications equipment provider’s stock valued at $90,000 after purchasing an additional 6,619 shares during the last quarter. Finally, Jump Financial LLC bought a new position in Infinera during the third quarter valued at $92,000. 97.54% of the stock is currently owned by institutional investors.

Infinera Trading Up 2.6 %

INFN stock traded up $0.13 during trading on Friday, hitting $5.10. The company had a trading volume of 1,326,380 shares, compared to its average volume of 3,638,496. The firm has a market capitalization of $1.18 billion, a P/E ratio of -170.00 and a beta of 1.58. Infinera Co. has a 52-week low of $2.82 and a 52-week high of $6.62. The company has a 50 day simple moving average of $5.15 and a 200-day simple moving average of $4.62. The company has a quick ratio of 0.95, a current ratio of 1.69 and a debt-to-equity ratio of 3.63.

Infinera (NASDAQ:INFN) last posted its earnings results on Thursday, February 29th. The communications equipment provider reported $0.02 EPS for the quarter. The business had revenue of $392.37 million for the quarter. Infinera had a negative net margin of 0.28% and a positive return on equity of 1.73%. As a group, research analysts forecast that Infinera Co. will post -0.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on INFN. Needham & Company LLC began coverage on shares of Infinera in a research note on Monday, April 22nd. They issued a “buy” rating and a $10.00 target price on the stock. StockNews.com downgraded shares of Infinera from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Stifel Nicolaus reissued a “buy” rating and issued a $7.00 target price on shares of Infinera in a research note on Monday, April 1st. Finally, B. Riley reissued a “buy” rating and issued a $7.50 target price on shares of Infinera in a research note on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, Infinera presently has a consensus rating of “Hold” and a consensus target price of $6.85.

About Infinera

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.