Astronics Co. (NASDAQ:ATRO) Short Interest Update

Astronics Co. (NASDAQ:ATROGet Free Report) was the recipient of a large decrease in short interest in the month of January. As of January 15th, there was short interest totalling 300,600 shares, a decrease of 10.1% from the December 31st total of 334,500 shares. Based on an average daily volume of 140,100 shares, the days-to-cover ratio is currently 2.1 days.

Institutional Trading of Astronics

A number of hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its stake in shares of Astronics by 12.0% during the 2nd quarter. Royal Bank of Canada now owns 6,174 shares of the aerospace company’s stock worth $123,000 after buying an additional 660 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Astronics by 36.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,603 shares of the aerospace company’s stock worth $41,000 after buying an additional 697 shares in the last quarter. Swiss National Bank raised its stake in shares of Astronics by 1.8% during the 3rd quarter. Swiss National Bank now owns 55,200 shares of the aerospace company’s stock worth $875,000 after buying an additional 1,000 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Astronics by 1.7% during the 3rd quarter. Rhumbline Advisers now owns 62,857 shares of the aerospace company’s stock worth $997,000 after buying an additional 1,045 shares in the last quarter. Finally, RiverPark Advisors LLC raised its stake in shares of Astronics by 22.6% during the 4th quarter. RiverPark Advisors LLC now owns 5,815 shares of the aerospace company’s stock worth $101,000 after buying an additional 1,072 shares in the last quarter. 56.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ATRO has been the subject of a number of research analyst reports. StockNews.com cut Astronics from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Truist Financial upped their target price on Astronics from $17.00 to $18.00 and gave the company a “hold” rating in a research report on Wednesday, January 10th.

Read Our Latest Stock Analysis on Astronics

Astronics Stock Down 2.8 %

Astronics stock opened at $16.91 on Thursday. Astronics has a twelve month low of $12.13 and a twelve month high of $22.44. The stock has a 50 day moving average of $16.38 and a two-hundred day moving average of $16.73. The company has a current ratio of 2.41, a quick ratio of 1.12 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $573.93 million, a price-to-earnings ratio of -13.75 and a beta of 1.58.

Astronics (NASDAQ:ATROGet Free Report) last posted its quarterly earnings data on Wednesday, November 8th. The aerospace company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.21). Astronics had a negative return on equity of 12.44% and a negative net margin of 6.16%. The company had revenue of $162.92 million for the quarter, compared to analyst estimates of $167.66 million. As a group, research analysts expect that Astronics will post -0.57 earnings per share for the current year.

Astronics Company Profile

(Get 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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