Astronics Corporation $ATRO Shares Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd raised its holdings in shares of Astronics Corporation (NASDAQ:ATRO) by 74.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,061 shares of the aerospace company’s stock after purchasing an additional 14,160 shares during the quarter. Y Intercept Hong Kong Ltd owned 0.09% of Astronics worth $1,508,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ATRO. AQR Capital Management LLC increased its stake in shares of Astronics by 20.4% in the first quarter. AQR Capital Management LLC now owns 112,210 shares of the aerospace company’s stock worth $2,712,000 after buying an additional 18,975 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Astronics by 6.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,491 shares of the aerospace company’s stock worth $423,000 after purchasing an additional 1,069 shares during the last quarter. Millennium Management LLC raised its stake in shares of Astronics by 80.1% in the 1st quarter. Millennium Management LLC now owns 746,956 shares of the aerospace company’s stock valued at $18,054,000 after purchasing an additional 332,133 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Astronics by 26.1% during the first quarter. Goldman Sachs Group Inc. now owns 222,486 shares of the aerospace company’s stock worth $5,377,000 after purchasing an additional 46,054 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Astronics by 22.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 71,791 shares of the aerospace company’s stock worth $1,735,000 after purchasing an additional 13,104 shares in the last quarter. 56.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on ATRO shares. Wall Street Zen upgraded Astronics from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 10th. Zacks Research downgraded Astronics from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Astronics in a research report on Wednesday, January 21st. Truist Financial set a $75.00 price objective on shares of Astronics in a report on Friday, January 9th. Finally, TD Cowen initiated coverage on shares of Astronics in a research note on Wednesday, November 26th. They set a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Astronics currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.67.

Astronics Stock Down 1.4%

ATRO opened at $75.75 on Friday. The stock’s 50 day moving average price is $60.62 and its 200 day moving average price is $48.22. The company has a debt-to-equity ratio of 3.07, a current ratio of 2.87 and a quick ratio of 1.56. The stock has a market cap of $2.70 billion, a P/E ratio of -841.57 and a beta of 1.10. Astronics Corporation has a 12 month low of $17.20 and a 12 month high of $79.99.

Astronics (NASDAQ:ATRO) last issued its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. Astronics had a negative net margin of 0.37% and a positive return on equity of 29.65%. The company had revenue of $211.45 million during the quarter, compared to analyst estimates of $210.80 million. As a group, research analysts predict that Astronics Corporation will post 0.82 earnings per share for the current year.

Astronics Company Profile

Astronics Corporation (NASDAQ: ATRO) is a global leader in the design and manufacture of advanced technologies primarily for the aerospace, defense and semiconductor industries. Headquartered in East Aurora, New York, the company was founded in 1968 and has grown through a combination of internal development and strategic acquisitions. Astronics operates multiple business units focused on power conversion, distribution and control; cabin electronics and connectivity; aircraft lighting and safety solutions; and automated test systems.

The company’s aerospace products include onboard power generation and management systems, in-flight entertainment and connectivity hardware, LED and fluorescent lighting for aircraft cabins and cockpits, and safety equipment such as escape slide power units.