Los Angeles Capital Management LLC Decreases Holdings in Astronics Co. (NASDAQ:ATRO)

Los Angeles Capital Management LLC lessened its position in Astronics Co. (NASDAQ:ATRO - Free Report) by 68.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,335 shares of the aerospace company's stock after selling 29,151 shares during the quarter. Los Angeles Capital Management LLC's holdings in Astronics were worth $213,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ATRO. Black Swift Group LLC purchased a new position in shares of Astronics in the third quarter valued at approximately $756,000. RiverPark Advisors LLC lifted its position in shares of Astronics by 3.5% in the third quarter. RiverPark Advisors LLC now owns 30,394 shares of the aerospace company's stock valued at $592,000 after acquiring an additional 1,015 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Astronics by 32.2% in the third quarter. Advisors Asset Management Inc. now owns 84,181 shares of the aerospace company's stock valued at $1,640,000 after acquiring an additional 20,514 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Astronics by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 81,169 shares of the aerospace company's stock valued at $1,581,000 after acquiring an additional 1,432 shares in the last quarter. Finally, Algert Global LLC lifted its position in shares of Astronics by 367.2% in the third quarter. Algert Global LLC now owns 56,072 shares of the aerospace company's stock valued at $1,092,000 after acquiring an additional 44,070 shares in the last quarter. Hedge funds and other institutional investors own 56.68% of the company's stock.

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Astronics Trading Down 0.2 %

ATRO stock traded down $0.05 during midday trading on Friday, hitting $24.45. 1,060,379 shares of the company's stock were exchanged, compared to its average volume of 403,072. The business has a 50-day simple moving average of $18.18 and a two-hundred day simple moving average of $18.35. The company has a current ratio of 2.83, a quick ratio of 1.46 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $862.16 million, a PE ratio of -128.68 and a beta of 1.74. Astronics Co. has a 1-year low of $14.13 and a 1-year high of $25.54.

Astronics (NASDAQ:ATRO - Get Free Report) last issued its quarterly earnings data on Tuesday, March 4th. The aerospace company reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.27. Astronics had a positive return on equity of 6.94% and a negative net margin of 0.82%. The business had revenue of $208.54 million during the quarter, compared to analysts' expectations of $194.91 million. During the same period in the previous year, the firm posted $0.35 earnings per share. On average, sell-side analysts predict that Astronics Co. will post 0.82 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Truist Financial increased their price target on Astronics from $17.00 to $23.00 and gave the company a "hold" rating in a report on Wednesday. StockNews.com raised Astronics from a "hold" rating to a "buy" rating in a report on Thursday.

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.