UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stock Holdings in Astronics Co. (NASDAQ:ATRO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in Astronics Co. (NASDAQ:ATRO) by 17.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,541 shares of the aerospace company’s stock after selling 7,105 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.10% of Astronics worth $653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Assenagon Asset Management S.A. bought a new stake in shares of Astronics in the 3rd quarter worth approximately $964,000. Algert Global LLC increased its position in Astronics by 367.2% during the 3rd quarter. Algert Global LLC now owns 56,072 shares of the aerospace company’s stock valued at $1,092,000 after purchasing an additional 44,070 shares during the period. Cubist Systematic Strategies LLC bought a new position in Astronics in the 2nd quarter worth $857,000. Dimensional Fund Advisors LP lifted its position in shares of Astronics by 4.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 888,942 shares of the aerospace company’s stock worth $17,806,000 after purchasing an additional 40,438 shares during the period. Finally, Black Swift Group LLC bought a new stake in shares of Astronics during the 3rd quarter valued at about $756,000. Hedge funds and other institutional investors own 56.68% of the company’s stock.

Astronics Stock Performance

Shares of Astronics stock opened at $15.89 on Friday. The business has a fifty day simple moving average of $17.41 and a two-hundred day simple moving average of $19.17. The firm has a market capitalization of $560.31 million, a P/E ratio of -83.63 and a beta of 1.79. The company has a current ratio of 2.83, a quick ratio of 1.46 and a debt-to-equity ratio of 0.72. Astronics Co. has a 12 month low of $14.13 and a 12 month high of $23.74.

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 for the company in a report on Friday, October 18th.

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.