Astronics Co. (NASDAQ:ATRO) Shares Acquired by Jane Street Group LLC

Jane Street Group LLC lifted its holdings in Astronics Co. (NASDAQ:ATRO) by 49.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,147 shares of the aerospace company’s stock after buying an additional 16,823 shares during the quarter. Jane Street Group LLC owned 0.15% of Astronics worth $996,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Point72 Asset Management L.P. acquired a new position in shares of Astronics during the 2nd quarter worth $25,000. nVerses Capital LLC acquired a new position in Astronics during the second quarter worth about $28,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Astronics during the third quarter worth about $106,000. DekaBank Deutsche Girozentrale increased its holdings in Astronics by 13.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 8,146 shares of the aerospace company’s stock valued at $163,000 after buying an additional 971 shares in the last quarter. Finally, Stifel Financial Corp purchased a new stake in shares of Astronics during the 3rd quarter worth approximately $212,000. Institutional investors and hedge funds own 56.68% of the company’s stock.

Astronics Stock Performance

Astronics stock opened at $15.80 on Tuesday. The stock has a fifty day moving average price of $16.93 and a 200 day moving average price of $19.04. 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 52 week low of $14.13 and a 52 week high of $23.74. The firm has a market capitalization of $557.14 million, a P/E ratio of -83.15 and a beta of 1.79.

Wall Street Analysts Forecast Growth

Separately, Truist Financial cut their price objective on Astronics from $22.00 to $20.00 and set a “hold” rating for the company in a research 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.