Black Swift Group LLC Takes $756,000 Position in Astronics Co. (NASDAQ:ATRO)

Black Swift Group LLC acquired a new position in shares of Astronics Co. (NASDAQ:ATRO - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 38,784 shares of the aerospace company's stock, valued at approximately $756,000. Black Swift Group LLC owned approximately 0.11% of Astronics at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. DekaBank Deutsche Girozentrale raised its position in shares of Astronics by 13.5% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 8,146 shares of the aerospace company's stock worth $163,000 after purchasing an additional 971 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Astronics in the third quarter worth $964,000. SG Americas Securities LLC lifted its position in shares of Astronics by 115.4% in the third quarter. SG Americas Securities LLC now owns 11,387 shares of the aerospace company's stock valued at $222,000 after acquiring an additional 6,101 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Astronics during the second quarter valued at $25,000. Finally, Algert Global LLC purchased a new stake in Astronics during the 2nd quarter worth about $240,000. Institutional investors and hedge funds own 56.68% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Truist Financial decreased their price target on shares of Astronics from $22.00 to $20.00 and set a "hold" rating on the stock in a research note on Friday, October 18th.

Astronics Trading Down 1.3 %

ATRO traded down $0.22 during trading on Thursday, hitting $16.28. The company's stock had a trading volume of 251,629 shares, compared to its average volume of 148,539. Astronics Co. has a twelve month low of $14.58 and a twelve month high of $23.74. The stock has a market cap of $567.20 million, a PE ratio of -85.68 and a beta of 1.83. The firm's 50 day moving average price is $19.11 and its 200-day moving average price is $19.74. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.83 and a quick ratio of 1.46.

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.