Astronics Co. (NASDAQ:ATRO) Shares Sold by Aigen Investment Management LP

Aigen Investment Management LP lowered its position in Astronics Co. (NASDAQ:ATRO) by 27.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,742 shares of the aerospace company’s stock after selling 4,457 shares during the period. Aigen Investment Management LP’s holdings in Astronics were worth $206,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in ATRO. BlackRock Inc. lifted its position in shares of Astronics by 4.2% during the 1st quarter. BlackRock Inc. now owns 2,171,042 shares of the aerospace company’s stock valued at $39,164,000 after acquiring an additional 88,035 shares during the period. Royce & Associates LP lifted its position in shares of Astronics by 606.0% during the 1st quarter. Royce & Associates LP now owns 790,222 shares of the aerospace company’s stock valued at $14,256,000 after acquiring an additional 678,300 shares during the period. Kennedy Capital Management Inc. lifted its position in shares of Astronics by 16.8% during the 1st quarter. Kennedy Capital Management Inc. now owns 528,102 shares of the aerospace company’s stock valued at $9,527,000 after acquiring an additional 76,017 shares during the period. Geode Capital Management LLC lifted its position in shares of Astronics by 10.3% during the 1st quarter. Geode Capital Management LLC now owns 482,609 shares of the aerospace company’s stock valued at $8,706,000 after acquiring an additional 44,947 shares during the period. Finally, Bares Capital Management Inc. increased its stake in shares of Astronics by 72.8% during the 1st quarter. Bares Capital Management Inc. now owns 353,445 shares of the aerospace company’s stock worth $6,376,000 after purchasing an additional 148,943 shares in the last quarter. Hedge funds and other institutional investors own 61.08% of the company’s stock.

Separately, Zacks Investment Research raised shares of Astronics from a “sell” rating to a “hold” rating in a research note on Monday, August 9th.

ATRO stock opened at $12.96 on Friday. The stock has a market capitalization of $400.81 million, a P/E ratio of -8.82 and a beta of 2.06. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.63 and a current ratio of 3.19. Astronics Co. has a one year low of $6.30 and a one year high of $20.93. The company has a 50 day moving average price of $15.25 and a two-hundred day moving average price of $16.63.

Astronics (NASDAQ:ATRO) last released its earnings results on Thursday, August 5th. The aerospace company reported ($0.26) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by ($0.11). The firm had revenue of $111.16 million during the quarter, compared to analysts’ expectations of $115.09 million. Astronics had a negative return on equity of 11.59% and a negative net margin of 10.32%. Research analysts forecast that Astronics Co. will post -0.83 earnings per share for the current fiscal year.

About Astronics

Astronics Corp. engages in the provision of electrical power generation and distribution systems. It includes motion systems, lighting and safety systems, avionics products, aircraft structures, systems certification, and automated test systems. It operates through the Aerospace and Test Systems segments.

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Institutional Ownership by Quarter for Astronics (NASDAQ:ATRO)

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