Park Aerospace (NYSE:PKE) Cut to “Hold” at StockNews.com

Park Aerospace (NYSE:PKE) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

Park Aerospace Stock Down 0.1%

PKE traded down $0.01 during trading on Monday, hitting $14.00. 34,214 shares of the company’s stock were exchanged, compared to its average volume of 66,382. The business’s 50 day moving average is $13.31 and its two-hundred day moving average is $14.06. Park Aerospace has a fifty-two week low of $11.96 and a fifty-two week high of $15.57. The stock has a market cap of $278.95 million, a P/E ratio of 38.89 and a beta of 0.36.

Park Aerospace (NYSE:PKE) last announced its earnings results on Thursday, May 15th. The semiconductor company reported $0.06 EPS for the quarter. The company had revenue of $16.94 million during the quarter. Park Aerospace had a net margin of 11.90% and a return on equity of 7.02%.

Hedge Funds Weigh In On Park Aerospace

Several large investors have recently modified their holdings of the business. Jane Street Group LLC increased its stake in shares of Park Aerospace by 11.4% in the first quarter. Jane Street Group LLC now owns 14,205 shares of the semiconductor company’s stock worth $191,000 after purchasing an additional 1,456 shares in the last quarter. Jones Financial Companies Lllp purchased a new position in shares of Park Aerospace in the first quarter worth about $52,000. Uniplan Investment Counsel Inc. increased its stake in shares of Park Aerospace by 0.6% in the first quarter. Uniplan Investment Counsel Inc. now owns 246,215 shares of the semiconductor company’s stock worth $3,312,000 after purchasing an additional 1,579 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in shares of Park Aerospace by 2.7% in the first quarter. Gamco Investors INC. ET AL now owns 694,400 shares of the semiconductor company’s stock worth $9,340,000 after purchasing an additional 18,500 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new position in shares of Park Aerospace in the first quarter worth about $1,021,000. Hedge funds and other institutional investors own 77.83% of the company’s stock.

About Park Aerospace

Park Aerospace Corp., an aerospace company, develops and manufactures solution and hot-melt advanced composite materials used to produce composite structures for the aerospace market in North America, Asia, and Europe. It offers advanced composite materials, including film adhesives and lightning strike protection materials that are used to produce primary and secondary structures for jet engines, large and regional transport aircrafts, military aircrafts, unmanned aerial vehicles, business jets, general aviation aircrafts, and rotary wing aircrafts.