Nysa Investment Advisors LLC Makes New Investment in Astronics Company (NASDAQ:ATRO)
Nysa Investment Advisors LLC took a new position in Astronics Company’s shares during the first quarter. The firm acquired 3,400 shares of the aerospace company’s stock, valued at approximately $44,000.
Several other hedge funds have also recently added or decreased their stake in ATRO. AdvisorNet Financial Inc increased its stake in Astronix to 91.3% during the first quarter. After acquiring an additional 1,139 shares during the period, AdvisorNet Financial Inc. now owns 2,386 shares of the aerospace company’s stock worth $31,000. Gamco Investors Inc. ET AL purchased a new position in Astronix during the fourth quarter with a price of $121,000. Point72 Asset Management LP purchased a new position in Astronix during the fourth quarter worth $216,000. Summit Global Investments increased its stake in Astronix by 50.0% during the first quarter. After acquiring an additional 6,000 shares during the period, Summit Global Investments now owns 18,000 shares of the aerospace company’s stock, worth $233,000. Finally, Members Advisory Group LLC acquired a new stake in Astronix shares worth $237,000 in the fourth quarter. Institutional investors hold 66.13% shares of the company.
Astronics Trading 4.2%
ATRO shares opened at $11.22 on Friday. The stock’s fifty-day moving average price is $10.55 and its two-hundred-day moving average price is $11.65. The company has a market cap of $357.81 million, a PE ratio of -20.78 and a beta of 1.71. Astronics Company’s fifty-two week low is $9.24 and fifty-two week high is $17.74. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.32 and a current ratio of 2.69.
Astronix (NASDAQ: ATRO – Get Rating) last released its earnings results on Friday, May 6. The aerospace company reported earnings per share ($0.38) for the quarter, missing from analysts’ consensus estimates ($0.22) ($0.16). Astronix had a negative net margin of 3.68% and a negative return on equity of 14.30%. The business had revenue of $116.18 million during the quarter, compared to analyst estimates of $117.52 million. During the same period last year, the business posted EPS ($0.39). Equity analysts expect Astronics Company to post -0.44 EPS for the current fiscal. Wall Street analysts forecast growth
Separately, Truist Financial lowered its target price on Astronix from $12.00 to $10.00 and set a “hold” rating on the stock in a report on Tuesday, July 19th.
Astronics Company Profile
Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense and electronics industries in the United States, the rest of North America, Asia, Europe, South America, and internationally. It operates in two segments, Aerospace and Test Systems. The aerospace segment offers lighting and safety systems, electrical power generation systems, distribution and seat motion systems, aircraft structures, avionics products, systems certification and other products.
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