Jane Street Group LLC trimmed its position in Astronics Co. (NASDAQ:ATRO - Free Report) by 33.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 33,924 shares of the aerospace company's stock after selling 17,223 shares during the period. Jane Street Group LLC owned 0.10% of Astronics worth $541,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of the company. AlphaQuest LLC increased its holdings in Astronics by 355.5% in the fourth quarter. AlphaQuest LLC now owns 3,576 shares of the aerospace company's stock valued at $57,000 after purchasing an additional 2,791 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Astronics in the fourth quarter valued at $73,000. Arcadia Investment Management Corp MI acquired a new stake in Astronics in the fourth quarter valued at $135,000. Freestone Grove Partners LP acquired a new stake in Astronics in the fourth quarter valued at $172,000. Finally, Victory Capital Management Inc. acquired a new stake in Astronics in the fourth quarter valued at $178,000. 56.68% of the stock is currently owned by institutional investors.
Astronics Trading Up 2.0%
Astronics stock traded up $0.63 during trading hours on Monday, reaching $31.85. 352,947 shares of the company's stock were exchanged, compared to its average volume of 324,103. The company has a quick ratio of 1.46, a current ratio of 2.83 and a debt-to-equity ratio of 0.72. The firm's 50 day simple moving average is $25.46 and its 200 day simple moving average is $20.97. Astronics Co. has a twelve month low of $14.13 and a twelve month high of $32.50. The firm has a market capitalization of $1.13 billion, a PE ratio of -167.62 and a beta of 1.44.
Astronics (NASDAQ:ATRO - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.19. Astronics had a positive return on equity of 6.94% and a negative net margin of 0.82%. The firm had revenue of $205.94 million during the quarter, compared to the consensus estimate of $192.53 million. Research analysts predict that Astronics Co. will post 0.82 earnings per share for the current year.
Wall Street Analysts Forecast Growth
ATRO has been the subject of a number of recent research reports. Truist Financial decreased their price objective on Astronics from $23.00 to $21.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Wall Street Zen downgraded Astronics from a "strong-buy" rating to a "buy" rating in a report on Wednesday, May 21st.
Read Our Latest Analysis on Astronics
Insiders Place Their Bets
In other news, Director Robert S. Keane sold 77,099 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $24.55, for a total value of $1,892,780.45. Following the completion of the sale, the director now directly owns 6,346 shares in the company, valued at $155,794.30. This trade represents a 92.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 9.39% of the company's stock.
About Astronics
(
Free Report)
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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