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GSA Capital Partners LLP lessened its holdings in shares of Astronics Corporation (NASDAQ:ATRO – Free Report) by 17.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,546 shares of the aerospace company’s stock after selling 5,999 shares during the quarter. GSA Capital Partners LLP’s holdings in Astronics were worth $666,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in ATRO. Signaturefd LLC increased its stake in Astronics by 88.5% during the 1st quarter. Signaturefd LLC now owns 1,446 shares of the aerospace company’s stock worth $35,000 after buying an additional 679 shares during the period. CWM LLC increased its position in shares of Astronics by 192.2% during the first quarter. CWM LLC now owns 2,592 shares of the aerospace company’s stock worth $63,000 after acquiring an additional 1,705 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of Astronics by 167.1% during the fourth quarter. Public Employees Retirement System of Ohio now owns 4,156 shares of the aerospace company’s stock worth $66,000 after acquiring an additional 2,600 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Astronics in the fourth quarter valued at $73,000. Finally, GAMMA Investing LLC boosted its holdings in Astronics by 16,616.7% in the first quarter. GAMMA Investing LLC now owns 6,018 shares of the aerospace company’s stock valued at $145,000 after purchasing an additional 5,982 shares during the period. Hedge funds and other institutional investors own 56.68% of the company’s stock.
Astronics Trading Down 5.1%
Shares of NASDAQ:ATRO opened at $34.26 on Friday. The company has a market cap of $1.21 billion, a PE ratio of -285.48 and a beta of 1.64. The company’s 50 day moving average is $33.51 and its two-hundred day moving average is $26.31. Astronics Corporation has a 52 week low of $14.13 and a 52 week high of $37.31. The company has a current ratio of 2.74, a quick ratio of 1.49 and a debt-to-equity ratio of 0.60.
Astronics (NASDAQ:ATRO – Get Free Report) last posted its earnings results on Tuesday, May 6th. The aerospace company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.25 by $0.19. The firm had revenue of $205.94 million for the quarter, compared to analyst estimates of $192.53 million. Astronics had a positive return on equity of 18.45% and a negative net margin of 0.43%. Equities analysts predict that Astronics Corporation will post 0.82 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
ATRO has been the topic of several recent research reports. Wall Street Zen downgraded Astronics from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 21st. Truist Financial upgraded shares of Astronics from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research note on Friday, July 11th.
View Our Latest Analysis on ATRO
Astronics Company Profile
Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, and electronics industries in the United States, rest of North America, Asia, Europe, South America, and internationally. The company operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems, electrical power generation systems, distribution and seat motions systems, aircraft structures, avionics products, system certification, and other products.
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