GSA Capital Partners LLP Decreases Stake in Astronics Co. (NASDAQ:ATRO)

GSA Capital Partners LLP decreased its holdings in Astronics Co. (NASDAQ:ATRO) by 18.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 52,283 shares of the aerospace company’s stock after selling 12,023 shares during the period. GSA Capital Partners LLP’s holdings in Astronics were worth $1,018,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bares Capital Management Inc. raised its stake in shares of Astronics by 10.4% in the 1st quarter. Bares Capital Management Inc. now owns 899,351 shares of the aerospace company’s stock valued at $17,124,000 after acquiring an additional 84,659 shares during the period. Assenagon Asset Management S.A. purchased a new position in Astronics in the third quarter valued at about $964,000. Cubist Systematic Strategies LLC acquired a new position in shares of Astronics during the second quarter worth about $857,000. Dimensional Fund Advisors LP boosted its position in shares of Astronics by 4.8% in the second quarter. Dimensional Fund Advisors LP now owns 888,942 shares of the aerospace company’s stock worth $17,806,000 after buying an additional 40,438 shares during the period. Finally, Senator Investment Group LP grew its stake in shares of Astronics by 7.3% in the first quarter. Senator Investment Group LP now owns 545,754 shares of the aerospace company’s stock valued at $10,391,000 after buying an additional 36,980 shares in the last quarter. 56.68% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Truist Financial decreased their price target on Astronics from $22.00 to $20.00 and set a “hold” rating for the company in a report on Friday, October 18th.

Astronics Stock 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 current ratio of 2.83 and a quick ratio of 1.46. Astronics Co. has a 1-year low of $14.58 and a 1-year high of $23.74. The business has a 50-day moving average of $19.06 and a 200-day moving average of $19.74. The company has a market capitalization of $576.25 million, a PE ratio of -87.05 and a beta of 1.83.

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.