Black Swift Group LLC Buys New Shares in Astronics Co. (NASDAQ:ATRO)

Black Swift Group LLC bought a new position in shares of Astronics Co. (NASDAQ:ATRO) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 38,784 shares of the aerospace company’s stock, valued at approximately $756,000. Black Swift Group LLC owned approximately 0.11% of Astronics at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in ATRO. Cubist Systematic Strategies LLC purchased a new stake in shares of Astronics during the 2nd quarter worth approximately $857,000. Advisors Asset Management Inc. lifted its holdings in shares of Astronics by 103.1% during the 1st quarter. Advisors Asset Management Inc. now owns 47,322 shares of the aerospace company’s stock worth $901,000 after acquiring an additional 24,027 shares during the period. First Eagle Investment Management LLC raised its stake in Astronics by 8.5% during the second quarter. First Eagle Investment Management LLC now owns 391,426 shares of the aerospace company’s stock worth $7,840,000 after purchasing an additional 30,550 shares during the period. SG Americas Securities LLC grew its stake in shares of Astronics by 115.4% during the 3rd quarter. SG Americas Securities LLC now owns 11,387 shares of the aerospace company’s stock valued at $222,000 after buying an additional 6,101 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Astronics by 4.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 888,942 shares of the aerospace company’s stock worth $17,806,000 after buying an additional 40,438 shares during the last quarter. Institutional investors and hedge funds own 56.68% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Truist Financial decreased their target price on shares of Astronics from $22.00 to $20.00 and set a “hold” rating for the company in a research note on Friday, October 18th.

Astronics Price Performance

Shares of Astronics stock traded up $0.42 during mid-day trading on Thursday, reaching $16.92. 22,468 shares of the stock were exchanged, compared to its average volume of 147,470. Astronics Co. has a fifty-two week low of $14.58 and a fifty-two week high of $23.74. 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 firm has a 50-day simple moving average of $19.19 and a 200 day simple moving average of $19.76. The company has a market cap of $589.49 million, a price-to-earnings ratio of -86.84 and a beta of 1.83.

About Astronics

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.