Infinera Co. (NASDAQ:INFN) Shares Sold by Intellectus Partners LLC

Intellectus Partners LLC reduced its position in Infinera Co. (NASDAQ:INFN) by 17.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 174,200 shares of the communications equipment provider’s stock after selling 37,250 shares during the quarter. Intellectus Partners LLC owned about 0.07% of Infinera worth $1,144,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of INFN. Creative Planning boosted its stake in Infinera by 87.3% during the 3rd quarter. Creative Planning now owns 30,443 shares of the communications equipment provider’s stock worth $205,000 after purchasing an additional 14,193 shares during the period. Alpine Associates Management Inc. acquired a new stake in shares of Infinera during the third quarter worth about $13,761,000. Intech Investment Management LLC acquired a new stake in shares of Infinera during the third quarter worth about $354,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Infinera by 2.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,698,808 shares of the communications equipment provider’s stock worth $11,467,000 after buying an additional 39,917 shares during the last quarter. Finally, Citigroup Inc. increased its position in Infinera by 2,104.8% in the 3rd quarter. Citigroup Inc. now owns 2,915,001 shares of the communications equipment provider’s stock valued at $19,676,000 after acquiring an additional 2,782,789 shares during the period. 97.54% of the stock is currently owned by hedge funds and other institutional investors.

Infinera Price Performance

Infinera stock opened at $6.64 on Friday. The stock has a 50 day moving average of $6.62 and a two-hundred day moving average of $6.59. Infinera Co. has a twelve month low of $4.41 and a twelve month high of $6.92. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of -13.83 and a beta of 1.63. 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 (NASDAQ:INFN) last issued its quarterly earnings results on Thursday, March 6th. The communications equipment provider reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.15). The company had revenue of $414.39 million for the quarter, compared to analyst estimates of $409.08 million. Infinera had a negative return on equity of 45.12% and a negative net margin of 7.62%. As a group, research analysts expect that Infinera Co. will post -0.33 earnings per share for the current year.

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.