Jane Street Group LLC Trims Stock Holdings in Astronics Co. (NASDAQ:ATRO)

Jane Street Group LLC trimmed its position in shares of Astronics Co. (NASDAQ:ATRO - Free Report) by 33.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,924 shares of the aerospace company's stock after selling 17,223 shares during the quarter. Jane Street Group LLC owned 0.10% of Astronics worth $541,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ATRO. Royce & Associates LP grew its holdings in shares of Astronics by 18.7% in the fourth quarter. Royce & Associates LP now owns 1,150,355 shares of the aerospace company's stock valued at $18,360,000 after purchasing an additional 181,619 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Astronics by 6.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 998,506 shares of the aerospace company's stock valued at $15,936,000 after buying an additional 58,149 shares during the period. Schonfeld Strategic Advisors LLC grew its stake in shares of Astronics by 58.7% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 881,504 shares of the aerospace company's stock worth $14,069,000 after acquiring an additional 325,904 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Astronics by 139.3% in the fourth quarter. Renaissance Technologies LLC now owns 286,700 shares of the aerospace company's stock worth $4,576,000 after acquiring an additional 166,900 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Astronics by 5.4% during the fourth quarter. Northern Trust Corp now owns 257,633 shares of the aerospace company's stock worth $4,112,000 after acquiring an additional 13,086 shares during the period. 56.68% of the stock is owned by institutional investors and hedge funds.

Astronics Stock Down 0.1%

NASDAQ:ATRO traded down $0.02 during mid-day trading on Friday, hitting $31.27. The stock had a trading volume of 289,867 shares, compared to its average volume of 323,063. Astronics Co. has a twelve month low of $14.13 and a twelve month high of $32.98. The stock has a 50-day simple moving average of $25.35 and a two-hundred day simple moving average of $20.80. 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 company has a market capitalization of $1.11 billion, a PE ratio of -164.57 and a beta of 1.44.

Astronics (NASDAQ:ATRO - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.19. The business had revenue of $205.94 million for the quarter, compared to analyst estimates of $192.53 million. Astronics had a negative net margin of 0.82% and a positive return on equity of 6.94%. On average, equities research analysts anticipate that Astronics Co. will post 0.82 EPS for the current year.

Insider Buying and Selling at Astronics

In other news, Director Robert S. Keane sold 77,099 shares of the company's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $24.55, for a total transaction of $1,892,780.45. Following the completion of the transaction, the director now directly owns 6,346 shares of the company's stock, valued at approximately $155,794.30. This represents a 92.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 9.39% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ATRO has been the subject of a number of recent research reports. Wall Street Zen lowered Astronics from a "strong-buy" rating to a "buy" rating in a report on Wednesday, May 21st. Truist Financial reduced their price target on Astronics from $23.00 to $21.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th.

Astronics 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.