Luxor Capital Group LP Has $593,000 Holdings in Astronics Corporation $ATRO

Luxor Capital Group LP decreased its position in shares of Astronics Corporation (NASDAQ:ATRO) by 98.0% in the 1st quarter, HoldingsChannel reports. The fund owned 8,882 shares of the aerospace company’s stock after selling 444,423 shares during the period. Luxor Capital Group LP’s holdings in Astronics were worth $593,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ATRO. Vanguard Group Inc. increased its stake in Astronics by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 1,975,693 shares of the aerospace company’s stock valued at $107,162,000 after purchasing an additional 39,527 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Astronics in the fourth quarter valued at $2,279,000. Emerald Advisers LLC grew its holdings in shares of Astronics by 85.0% during the first quarter. Emerald Advisers LLC now owns 449,126 shares of the aerospace company’s stock valued at $29,970,000 after buying an additional 206,399 shares during the last quarter. Emerald Mutual Fund Advisers Trust grew its holdings in shares of Astronics by 78.1% during the first quarter. Emerald Mutual Fund Advisers Trust now owns 279,159 shares of the aerospace company’s stock valued at $18,628,000 after buying an additional 122,440 shares during the last quarter. Finally, Calamos Advisors LLC bought a new stake in shares of Astronics during the fourth quarter worth about $1,070,000. 56.68% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ATRO shares. Weiss Ratings restated a “sell (d-)” rating on shares of Astronics in a report on Friday, July 17th. Wall Street Zen upgraded Astronics from a “buy” rating to a “strong-buy” rating in a research note on Sunday, June 21st. Truist Financial raised Astronics to a “strong-buy” rating in a report on Monday, May 4th. Zacks Research raised Astronics from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. Finally, TD Cowen raised their target price on Astronics from $70.83 to $83.33 and gave the company a “buy” rating in a report on Thursday, May 28th. Three research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $74.17.

Astronics Trading Down 1.6%

NASDAQ:ATRO opened at $69.85 on Friday. Astronics Corporation has a 52 week low of $22.73 and a 52 week high of $88.72. The firm has a 50-day moving average price of $73.37 and a two-hundred day moving average price of $65.41. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.63 and a current ratio of 2.97. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 71.03 and a beta of 1.13.

Astronics (NASDAQ:ATRO) last announced its earnings results on Tuesday, May 12th. The aerospace company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. The firm had revenue of $230.62 million for the quarter, compared to the consensus estimate of $225.52 million. Astronics had a return on equity of 49.34% and a net margin of 5.12%.The company’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.37 EPS. On average, equities analysts expect that Astronics Corporation will post 2.62 earnings per share for the current fiscal year.

About Astronics

Astronics Corporation (NASDAQ: ATRO) is a global leader in the design and manufacture of advanced technologies primarily for the aerospace, defense and semiconductor industries. Headquartered in East Aurora, New York, the company was founded in 1968 and has grown through a combination of internal development and strategic acquisitions. Astronics operates multiple business units focused on power conversion, distribution and control; cabin electronics and connectivity; aircraft lighting and safety solutions; and automated test systems.

The company’s aerospace products include onboard power generation and management systems, in-flight entertainment and connectivity hardware, LED and fluorescent lighting for aircraft cabins and cockpits, and safety equipment such as escape slide power units.