MCF Advisors LLC Has $27,000 Stock Holdings in Astronics Co. (NASDAQ:ATRO)

MCF Advisors LLC trimmed its stake in shares of Astronics Co. (NASDAQ:ATRO) by 32.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,719 shares of the aerospace company’s stock after selling 838 shares during the quarter. MCF Advisors LLC’s holdings in Astronics were worth $27,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. State Street Corp lifted its holdings in Astronics by 6.7% during the 3rd quarter. State Street Corp now owns 924,070 shares of the aerospace company’s stock worth $18,001,000 after purchasing an additional 58,356 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Astronics by 4.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 888,942 shares of the aerospace company’s stock worth $17,806,000 after buying an additional 40,438 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Astronics by 2.0% during the third quarter. Geode Capital Management LLC now owns 691,522 shares of the aerospace company’s stock worth $13,474,000 after buying an additional 13,469 shares in the last quarter. Needham Investment Management LLC boosted its position in shares of Astronics by 9.2% in the third quarter. Needham Investment Management LLC now owns 267,500 shares of the aerospace company’s stock valued at $5,211,000 after acquiring an additional 22,500 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Astronics by 108.3% in the third quarter. JPMorgan Chase & Co. now owns 92,954 shares of the aerospace company’s stock valued at $1,811,000 after acquiring an additional 48,328 shares during the period. 56.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ATRO shares. StockNews.com cut shares of Astronics from a “buy” rating to a “hold” rating in a research note on Wednesday, January 15th. Truist Financial dropped their price target on shares of Astronics from $20.00 to $17.00 and set a “hold” rating for the company in a research report on Tuesday, January 14th.

Astronics Stock Down 1.0 %

Shares of NASDAQ ATRO opened at $17.17 on Thursday. The stock has a market capitalization of $605.41 million, a P/E ratio of -90.36 and a beta of 1.79. The stock’s fifty day moving average is $16.31 and its 200 day moving average is $18.66. Astronics Co. has a 52 week low of $14.13 and a 52 week high of $23.74. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.46 and a current ratio of 2.83.

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.