Skylands Capital LLC Invests $1.62 Million in Astronics Co. (NASDAQ:ATRO)

Skylands Capital LLC purchased a new stake in shares of Astronics Co. (NASDAQ:ATRO) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 101,632 shares of the aerospace company’s stock, valued at approximately $1,622,000.

A number of other institutional investors also recently bought and sold shares of ATRO. Barclays PLC grew its holdings in shares of Astronics by 328.2% during the 3rd quarter. Barclays PLC now owns 45,313 shares of the aerospace company’s stock worth $883,000 after acquiring an additional 34,730 shares during the period. Algert Global LLC boosted its position in shares of Astronics by 367.2% during the third 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 in the last quarter. Black Swift Group LLC purchased a new stake in Astronics in the third quarter worth $756,000. Stifel Financial Corp bought a new position in Astronics in the third quarter worth $212,000. Finally, JPMorgan Chase & Co. lifted 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 valued at $1,811,000 after buying an additional 48,328 shares during the period. 56.68% of the stock is owned by institutional investors.

Astronics Stock Up 7.6 %

Shares of NASDAQ:ATRO opened at $20.20 on Monday. The company has a current ratio of 2.83, a quick ratio of 1.46 and a debt-to-equity ratio of 0.72. The stock has a fifty day simple moving average of $17.12 and a two-hundred day simple moving average of $18.18. Astronics Co. has a 12-month low of $14.13 and a 12-month high of $23.74. The stock has a market capitalization of $712.29 million, a price-to-earnings ratio of -106.31 and a beta of 1.79.

Analysts Set New Price Targets

ATRO has been the topic of a number of recent research reports. StockNews.com raised shares of Astronics from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th. Truist Financial cut their price objective on shares of Astronics from $20.00 to $17.00 and set a “hold” rating on the stock in a report on Tuesday, January 14th.

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.