First Eagle Investment Management LLC Boosts Stake in Astronics Co. (NASDAQ:ATRO)

First Eagle Investment Management LLC grew its stake in shares of Astronics Co. (NASDAQ:ATROGet Rating) by 232.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 95,548 shares of the aerospace company’s stock after buying an additional 66,833 shares during the quarter. First Eagle Investment Management LLC owned 0.30% of Astronics worth $1,147,000 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 4.2% during the 4th quarter. Royce & Associates LP now owns 1,537,421 shares of the aerospace company’s stock valued at $18,449,000 after purchasing an additional 61,920 shares during the last quarter. Bares Capital Management Inc. grew its holdings in shares of Astronics by 112.8% during the 3rd quarter. Bares Capital Management Inc. now owns 1,201,454 shares of the aerospace company’s stock valued at $16,892,000 after purchasing an additional 636,838 shares during the last quarter. Morgan Stanley grew its holdings in shares of Astronics by 35.7% during the 3rd quarter. Morgan Stanley now owns 566,989 shares of the aerospace company’s stock valued at $7,970,000 after purchasing an additional 149,241 shares during the last quarter. Minerva Advisors LLC grew its holdings in shares of Astronics by 1.5% during the 3rd quarter. Minerva Advisors LLC now owns 341,787 shares of the aerospace company’s stock valued at $4,806,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Lewis Capital Management LLC bought a new position in shares of Astronics during the 4th quarter valued at $3,951,000. Hedge funds and other institutional investors own 66.13% of the company’s stock.

Separately, StockNews.com began coverage on shares of Astronics in a report on Thursday, March 31st. They issued a “buy” rating on the stock.

Astronics stock traded up $0.17 during trading hours on Friday, reaching $10.71. The stock had a trading volume of 90,879 shares, compared to its average volume of 139,508. The stock has a market cap of $337.58 million, a PE ratio of -19.83 and a beta of 1.80. Astronics Co. has a 52 week low of $9.24 and a 52 week high of $20.93. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.69 and a quick ratio of 1.54. The company has a fifty day simple moving average of $11.81 and a 200-day simple moving average of $12.30.

Astronics (NASDAQ:ATROGet Rating) last announced its quarterly earnings results on Friday, May 6th. The aerospace company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.17). Astronics had a negative return on equity of 14.22% and a negative net margin of 3.68%. During the same quarter in the prior year, the business posted ($0.39) earnings per share. Research analysts predict that Astronics Co. will post -0.29 earnings per share for the current fiscal year.

Astronics Profile (Get Rating)

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. It 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.

Recommended Stories

Institutional Ownership by Quarter for Astronics (NASDAQ:ATRO)

Receive News & Ratings for Astronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Astronics and related companies with MarketBeat.com's FREE daily email newsletter.