Jump Financial LLC Increases Stake in Astronics Co. (NASDAQ:ATRO)

Jump Financial LLC grew its stake in Astronics Co. (NASDAQ:ATROFree Report) by 24.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,708 shares of the aerospace company’s stock after purchasing an additional 4,220 shares during the period. Jump Financial LLC’s holdings in Astronics were worth $344,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Royal Bank of Canada grew its holdings in Astronics by 12.0% during the second quarter. Royal Bank of Canada now owns 6,174 shares of the aerospace company’s stock worth $123,000 after acquiring an additional 660 shares during the period. Tower Research Capital LLC TRC boosted its position in Astronics by 101.5% during the second quarter. Tower Research Capital LLC TRC now owns 1,906 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 960 shares in the last quarter. Alliancebernstein L.P. boosted its position in Astronics by 9.3% during the fourth quarter. Alliancebernstein L.P. now owns 12,900 shares of the aerospace company’s stock worth $133,000 after purchasing an additional 1,100 shares in the last quarter. UBS Group AG boosted its position in Astronics by 16.8% during the first quarter. UBS Group AG now owns 8,235 shares of the aerospace company’s stock worth $110,000 after purchasing an additional 1,185 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its position in Astronics by 18.0% during the second quarter. Gamco Investors INC. ET AL now owns 11,800 shares of the aerospace company’s stock worth $234,000 after purchasing an additional 1,800 shares in the last quarter. Institutional investors and hedge funds own 56.32% of the company’s stock.

Astronics Stock Up 4.5 %

Shares of NASDAQ:ATRO opened at $19.16 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 2.41 and a debt-to-equity ratio of 0.69. Astronics Co. has a 52-week low of $12.13 and a 52-week high of $22.44. The stock’s fifty day simple moving average is $16.80 and its 200-day simple moving average is $16.53. The company has a market capitalization of $650.29 million, a P/E ratio of -15.58 and a beta of 1.63.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. StockNews.com downgraded Astronics from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Truist Financial boosted their target price on Astronics from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Wednesday, January 10th.

Read Our Latest Report on ATRO

Astronics Company Profile

(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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Institutional Ownership by Quarter for Astronics (NASDAQ:ATRO)

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