Jump Financial LLC Has $1.83 Million Stock Position in Astronics Corporation $ATRO

Key Points

• Jump Financial LLC increased its stake in Astronics Corporation by 67.8% in the first quarter, owning 75,874 shares valued at approximately $1.83 million.
• Astronics reported earnings exceeding analysts' expectations with $0.38 EPS for the last quarter, although its revenue was slightly below projections at $204.68 million.
• The stock has recently received mixed ratings from analysts, with one agency upgrading it to a "strong-buy" and another downgrading it to a "hold," highlighting its volatility in market sentiment.

Jump Financial LLC lifted its position in shares of Astronics Corporation (NASDAQ:ATRO - Free Report) by 67.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 75,874 shares of the aerospace company's stock after acquiring an additional 30,654 shares during the period. Jump Financial LLC owned approximately 0.22% of Astronics worth $1,834,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Signaturefd LLC lifted its stake in Astronics by 88.5% during the first quarter. Signaturefd LLC now owns 1,446 shares of the aerospace company's stock worth $35,000 after purchasing an additional 679 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Astronics by 4.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,422 shares of the aerospace company's stock worth $262,000 after buying an additional 684 shares in the last quarter. CWM LLC lifted its position in shares of Astronics by 192.2% during the 1st quarter. CWM LLC now owns 2,592 shares of the aerospace company's stock worth $63,000 after buying an additional 1,705 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in Astronics by 167.1% in the fourth quarter. Public Employees Retirement System of Ohio now owns 4,156 shares of the aerospace company's stock valued at $66,000 after buying an additional 2,600 shares in the last quarter. Finally, MetLife Investment Management LLC grew its position in Astronics by 18.0% in the fourth quarter. MetLife Investment Management LLC now owns 19,281 shares of the aerospace company's stock valued at $308,000 after acquiring an additional 2,942 shares during the last quarter. 56.68% of the stock is owned by institutional investors.

Astronics Trading Up 0.4%

Astronics stock traded up $0.14 during mid-day trading on Tuesday, hitting $36.51. 800,065 shares of the stock were exchanged, compared to its average volume of 737,095. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of -304.22 and a beta of 1.69. Astronics Corporation has a 12 month low of $14.13 and a 12 month high of $38.26. The company has a quick ratio of 1.63, a current ratio of 3.04 and a debt-to-equity ratio of 0.59. The firm's fifty day simple moving average is $34.32 and its two-hundred day simple moving average is $28.89.

Astronics (NASDAQ:ATRO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The aerospace company reported $0.38 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.05. Astronics had a negative net margin of 0.45% and a positive return on equity of 22.89%. The company had revenue of $204.68 million for the quarter, compared to analyst estimates of $208.29 million. Analysts forecast that Astronics Corporation will post 0.82 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Zacks Research raised shares of Astronics to a "strong-buy" rating in a report on Friday, August 8th. Truist Financial raised shares of Astronics from a "hold" rating to a "buy" rating and set a $49.00 price objective for the company in a research note on Friday, July 11th. Finally, Wall Street Zen lowered shares of Astronics from a "strong-buy" rating to a "hold" rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Strong Buy" and a consensus price target of $49.00.

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.