RiverPark Advisors LLC Increases Position in Astronics Co. (NASDAQ:ATRO)

RiverPark Advisors LLC boosted its holdings in Astronics Co. (NASDAQ:ATRO) by 3.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,394 shares of the aerospace company’s stock after purchasing an additional 1,015 shares during the quarter. RiverPark Advisors LLC’s holdings in Astronics were worth $592,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Black Swift Group LLC purchased a new stake in shares of Astronics during the third quarter valued at approximately $756,000. DekaBank Deutsche Girozentrale lifted its position in Astronics by 13.5% during the third quarter. DekaBank Deutsche Girozentrale now owns 8,146 shares of the aerospace company’s stock valued at $163,000 after purchasing an additional 971 shares during the period. Assenagon Asset Management S.A. bought a new position in Astronics during the third quarter valued at approximately $964,000. SG Americas Securities LLC lifted its position in Astronics by 115.4% during the third quarter. SG Americas Securities LLC now owns 11,387 shares of the aerospace company’s stock valued at $222,000 after purchasing an additional 6,101 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in Astronics during the second quarter valued at approximately $25,000. Hedge funds and other institutional investors own 56.68% of the company’s stock.

Astronics Trading Up 1.6 %

Shares of Astronics stock opened at $16.54 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.46 and a current ratio of 2.83. Astronics Co. has a twelve month low of $14.58 and a twelve month high of $23.74. The company’s 50 day moving average is $19.06 and its 200 day moving average is $19.76.

Analysts Set New Price Targets

Separately, Truist Financial lowered their price objective on shares of Astronics from $22.00 to $20.00 and set a “hold” rating on the stock in a research report on Friday, October 18th.

Astronics Profile

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.