Assenagon Asset Management S.A. Sells 9,768 Shares of Astronics Co. (NASDAQ:ATRO)

Assenagon Asset Management S.A. cut its holdings in Astronics Co. (NASDAQ:ATRO) by 19.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,724 shares of the aerospace company’s stock after selling 9,768 shares during the period. Assenagon Asset Management S.A. owned 0.11% of Astronics worth $634,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. State Street Corp increased its position in Astronics by 6.7% in the 3rd quarter. State Street Corp now owns 924,070 shares of the aerospace company’s stock worth $18,001,000 after buying an additional 58,356 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Astronics by 4.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 888,942 shares of the aerospace company’s stock valued at $17,806,000 after purchasing an additional 40,438 shares during the period. Geode Capital Management LLC raised its position in shares of Astronics by 2.0% during the third quarter. Geode Capital Management LLC now owns 691,522 shares of the aerospace company’s stock valued at $13,474,000 after buying an additional 13,469 shares during the last quarter. Needham Investment Management LLC lifted its stake in shares of Astronics by 9.2% in the third quarter. Needham Investment Management LLC now owns 267,500 shares of the aerospace company’s stock valued at $5,211,000 after buying an additional 22,500 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Astronics by 108.3% during the third quarter. JPMorgan Chase & Co. now owns 92,954 shares of the aerospace company’s stock worth $1,811,000 after buying an additional 48,328 shares in the last quarter. Institutional investors and hedge funds own 56.68% of the company’s stock.

Astronics Trading Down 0.2 %

Shares of ATRO opened at $17.12 on Friday. The stock has a 50 day simple moving average of $16.34 and a 200-day simple moving average of $18.62. Astronics Co. has a 1 year low of $14.13 and a 1 year high of $23.74. The stock has a market cap of $603.65 million, a PE ratio of -90.10 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.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ATRO. Truist Financial reduced their target price on Astronics from $20.00 to $17.00 and set a “hold” rating for the company in a research report on Tuesday, January 14th. StockNews.com lowered shares of Astronics from a “buy” rating to a “hold” rating in a research report on Wednesday, January 15th.

Astronics Company 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.