MCF Advisors LLC Sells 838 Shares of Astronics Co. (NASDAQ:ATRO)

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

A number of other institutional investors also recently modified their holdings of the company. Cubist Systematic Strategies LLC acquired a new position in Astronics during the 2nd quarter worth approximately $857,000. Barclays PLC boosted its holdings in Astronics by 328.2% during the third quarter. Barclays PLC now owns 45,313 shares of the aerospace company’s stock worth $883,000 after purchasing an additional 34,730 shares during the last quarter. Algert Global LLC boosted its holdings in Astronics by 367.2% during the third quarter. Algert Global LLC now owns 56,072 shares of the aerospace company’s stock worth $1,092,000 after purchasing an additional 44,070 shares during the last quarter. Black Swift Group LLC bought a new position in Astronics in the third quarter valued at $756,000. Finally, Stifel Financial Corp acquired a new stake in Astronics in the 3rd quarter valued at $212,000. 56.68% of the stock is currently owned by institutional investors.

Astronics Stock Performance

Shares of ATRO opened at $17.17 on Thursday. The company has a market cap of $605.41 million, a PE ratio of -90.36 and a beta of 1.79. The firm has a 50-day moving average of $16.31 and a 200-day moving average of $18.66. Astronics Co. has a one year low of $14.13 and a one year high of $23.74. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.83 and a quick ratio of 1.46.

Wall Street Analyst Weigh In

ATRO has been the subject of several analyst reports. Truist Financial decreased their price objective on Astronics from $20.00 to $17.00 and set a “hold” rating for the company in a report on Tuesday, January 14th. StockNews.com lowered Astronics from a “buy” rating to a “hold” rating in a research report on Wednesday, January 15th.

Astronics Company 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.