Integrated Quantitative Investments LLC acquired a new position in shares of Astronics Co. (NASDAQ:ATRO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 21,200 shares of the aerospace company's stock, valued at approximately $338,000. Integrated Quantitative Investments LLC owned approximately 0.06% of Astronics at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in ATRO. ExodusPoint Capital Management LP acquired a new stake in Astronics in the fourth quarter valued at approximately $1,783,000. Trexquant Investment LP increased its stake in Astronics by 46.4% during the 4th quarter. Trexquant Investment LP now owns 57,900 shares of the aerospace company's stock valued at $924,000 after purchasing an additional 18,339 shares in the last quarter. Franklin Resources Inc. raised its holdings in Astronics by 3.4% during the fourth quarter. Franklin Resources Inc. now owns 20,882 shares of the aerospace company's stock worth $333,000 after buying an additional 693 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Astronics by 154.3% in the fourth quarter. JPMorgan Chase & Co. now owns 236,406 shares of the aerospace company's stock valued at $3,773,000 after buying an additional 143,452 shares in the last quarter. Finally, EntryPoint Capital LLC grew its holdings in shares of Astronics by 229.7% during the fourth quarter. EntryPoint Capital LLC now owns 33,566 shares of the aerospace company's stock valued at $536,000 after buying an additional 23,386 shares during the last quarter. 56.68% of the stock is currently owned by institutional investors and hedge funds.
Astronics Stock Down 4.0 %
Shares of ATRO traded down $0.92 during trading hours on Thursday, reaching $22.10. 163,207 shares of the stock traded hands, compared to its average volume of 447,167. Astronics Co. has a 52 week low of $14.13 and a 52 week high of $26.63. The company has a market cap of $779.27 million, a price-to-earnings ratio of -116.77 and a beta of 1.26. The stock has a fifty day simple moving average of $22.04 and a 200 day simple moving average of $19.05. The company has a current ratio of 2.83, a quick ratio of 1.46 and a debt-to-equity ratio of 0.72.
Astronics (NASDAQ:ATRO - Get Free Report) last posted its earnings results on Tuesday, March 4th. The aerospace company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.21 by $0.27. The firm had revenue of $208.54 million for the quarter, compared to analysts' expectations of $194.91 million. Astronics had a negative net margin of 0.82% and a positive return on equity of 6.94%. During the same quarter last year, the firm earned $0.35 EPS. On average, equities analysts forecast that Astronics Co. will post 0.82 EPS for the current year.
Insider Transactions at Astronics
In other news, Director Robert S. Keane sold 77,099 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $24.55, for a total transaction of $1,892,780.45. Following the completion of the sale, the director now 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 document filed with the SEC, which is available at this hyperlink. Company insiders own 10.86% of the company's stock.
Analyst Upgrades and Downgrades
ATRO has been the topic of several recent research reports. Truist Financial raised their price target on shares of Astronics from $17.00 to $23.00 and gave the company a "hold" rating in a research report on Wednesday, March 5th. StockNews.com upgraded Astronics from a "hold" rating to a "buy" rating in a report on Thursday, March 6th.
Get Our Latest Analysis on ATRO
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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