BNP Paribas Arbitrage SA Buys 723 Shares of Astronics Corp. (ATRO)
BNP Paribas Arbitrage SA increased its position in shares of Astronics Corp. (NASDAQ:ATRO) by 25.3% during the third quarter, Holdings Channel reports. The fund owned 3,581 shares of the company’s stock after buying an additional 723 shares during the period. BNP Paribas Arbitrage SA’s holdings in Astronics Corp. were worth $161,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Royal Bank of Canada increased its position in shares of Astronics Corp. by 1.1% in the second quarter. Royal Bank of Canada now owns 1,443,970 shares of the company’s stock worth $48,027,000 after buying an additional 15,965 shares during the last quarter. Balter Liquid Alternatives LLC bought a new position in shares of Astronics Corp. during the second quarter worth approximately $248,000. Fiera Capital Corp bought a new position in shares of Astronics Corp. during the second quarter worth approximately $3,191,000. Paloma Partners Management Co bought a new position in shares of Astronics Corp. during the second quarter worth approximately $520,000. Finally, Marshall Wace LLP bought a new position in shares of Astronics Corp. during the second quarter worth approximately $216,000. Institutional investors own 65.80% of the company’s stock.
Astronics Corp. (NASDAQ:ATRO) opened at 36.62 on Friday. The stock’s 50 day moving average price is $43.53 and its 200 day moving average price is $38.61. The firm has a market capitalization of $926.27 million, a P/E ratio of 14.83 and a beta of 1.18. Astronics Corp. has a 12 month low of $24.75 and a 12 month high of $48.00.
Astronics Corp. (NASDAQ:ATRO) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.09. The firm earned $164.40 million during the quarter, compared to the consensus estimate of $162.17 million. Astronics Corp. had a net margin of 9.55% and a return on equity of 21.44%. The business’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.77 EPS. On average, analysts forecast that Astronics Corp. will post $2.21 earnings per share for the current year.
A number of brokerages have commented on ATRO. Canaccord Genuity lifted their target price on Astronics Corp. from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, September 26th. KeyCorp upgraded Astronics Corp. from a “sector weight” rating to an “overweight” rating in a research note on Wednesday, June 29th.
In other Astronics Corp. news, Director John B. Drenning sold 5,000 shares of the business’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $43.47, for a total value of $217,350.00. Following the completion of the sale, the director now owns 52,039 shares of the company’s stock, valued at approximately $2,262,135.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 16.03% of the stock is currently owned by company insiders.
Astronics Corp. Company Profile
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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