Mondrian Investment Partners LTD Has $3,694,000 Stake in Astronics Corporation (NASDAQ:ATRO)

Mondrian Investment Partners LTD continued to hold its position in shares of Astronics Corporation (NASDAQ:ATRO) during the second quarter, Holdings Channel reports. The firm owned 121,223 shares of the aerospace company’s stock at the end of the second quarter. Mondrian Investment Partners LTD’s holdings in Astronics Corporation were worth $3,694,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. BNP Paribas Arbitrage SA raised its position in shares of Astronics Corporation by 11.0% in the first quarter. BNP Paribas Arbitrage SA now owns 4,745 shares of the aerospace company’s stock valued at $151,000 after buying an additional 472 shares in the last quarter. Legal & General Group Plc raised its position in shares of Astronics Corporation by 12.0% in the first quarter. Legal & General Group Plc now owns 5,084 shares of the aerospace company’s stock valued at $161,000 after buying an additional 543 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Astronics Corporation by 16.5% in the first quarter. Advisors Asset Management Inc. now owns 7,310 shares of the aerospace company’s stock valued at $232,000 after buying an additional 1,038 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Astronics Corporation by 37.9% in the first quarter. JPMorgan Chase & Co. now owns 7,534 shares of the aerospace company’s stock valued at $239,000 after buying an additional 2,069 shares in the last quarter. Finally, Tudor Investment Corp ET AL bought a new position in shares of Astronics Corporation during the first quarter valued at about $240,000. 63.89% of the stock is currently owned by institutional investors and hedge funds.

Astronics Corporation (NASDAQ ATRO) opened at 26.16 on Friday. The firm has a market cap of $744.57 million, a P/E ratio of 18.98 and a beta of 1.13. Astronics Corporation has a 12-month low of $23.95 and a 12-month high of $41.03. The firm’s 50-day moving average is $29.24 and its 200 day moving average is $31.00.

Astronics Corporation (NASDAQ:ATRO) last released its quarterly earnings results on Wednesday, August 2nd. The aerospace company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.40 by $0.14. The company had revenue of $151.11 million during the quarter, compared to the consensus estimate of $162.33 million. Astronics Corporation had a net margin of 6.73% and a return on equity of 12.21%. The business’s revenue was down 8.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.50 EPS. Equities analysts forecast that Astronics Corporation will post $1.42 earnings per share for the current year.

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Several brokerages recently issued reports on ATRO. Canaccord Genuity cut their target price on shares of Astronics Corporation from $40.00 to $34.00 and set a “buy” rating on the stock in a research note on Thursday, August 3rd. Zacks Investment Research downgraded shares of Astronics Corporation from a “hold” rating to a “strong sell” rating in a report on Friday, August 4th. TheStreet downgraded shares of Astronics Corporation from a “b-” rating to a “c+” rating in a report on Wednesday, June 7th. Finally, BidaskClub downgraded shares of Astronics Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $34.33.

About Astronics Corporation

Astronics Corporation is a supplier of products to the aerospace, defense, electronics and semiconductor industries. The Company’s products and services include electrical power generation, distribution and motion systems, lighting and safety systems, avionics products, aircraft structures, systems certification and automated test systems.

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Institutional Ownership by Quarter for Astronics Corporation (NASDAQ:ATRO)

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