November 25, 2016 - By Peter Erickson · 0 Comments
The stock of Astronics Corporation (NASDAQ:ATRO) registered an increase of 4.47% in short interest. ATRO’s total short interest was 569,700 shares in November as published by FINRA. Its up 4.47% from 545,300 shares, reported previously. With 92,300 shares average volume, it will take short sellers 6 days to cover their ATRO’s short positions. The short interest to Astronics Corporation’s float is 2.43%. The stock increased 2.09% or $0.79 on November 23, hitting $38.6. Astronics Corporation (NASDAQ:ATRO) has risen 19.75% since April 22, 2016 and is uptrending. It has outperformed by 14.34% the S&P500.
Astronics Corporation is a supplier of products to the aerospace, defense, electronics and semiconductor industries. The company has a market cap of $1.12 billion. The Company’s services and products include electrical power generation, distribution and motion systems, lighting and safety systems, avionics products, aircraft structures, systems certification and automated test systems. It has a 19.9 P/E ratio. The Firm operates through two divisions: Aerospace and Test Systems.
Insitutional Activity: The institutional sentiment increased to 1.1 in 2016 Q2. Its up 0.25, from 0.85 in 2016Q1. The ratio is positive, as 22 funds sold all Astronics Corporation shares owned while 44 reduced positions. 16 funds bought stakes while 40 increased positions. They now own 16.48 million shares or 3.13% less from 17.01 million shares in 2016Q1.
Moreover, Connors Investor has 0.35% invested in Astronics Corporation (NASDAQ:ATRO) for 54,297 shares. Rice Hall James Assocs Limited Liability Co, a California-based fund reported 40,536 shares. Comerica National Bank & Trust reported 22,221 shares or 0.01% of all its holdings. Oxford Asset Management holds 10,795 shares or 0.01% of its portfolio. Mycio Wealth Ptnrs Limited Liability Corp holds 0% or 74 shares in its portfolio. Pnc Fincl Group Incorporated last reported 1.22 million shares in the company. The New York-based New Amsterdam Prtn Ltd New York has invested 1.01% in Astronics Corporation (NASDAQ:ATRO). Blackrock Limited Company has invested 0% of its portfolio in Astronics Corporation (NASDAQ:ATRO). Fiera Cap Corporation has 0.02% invested in the company for 95,956 shares. Minerva Advsr Limited Liability owns 33,489 shares or 0.76% of their US portfolio. Deroy & Devereaux Private Invest Counsel Inc owns 32,800 shares or 0.15% of their US portfolio. Reinhart Ptnrs has 0.2% invested in the company for 59,970 shares. Dana Inv Advsr holds 0.07% of its portfolio in Astronics Corporation (NASDAQ:ATRO) for 45,149 shares. Victory Capital has 0.03% invested in the company for 247,408 shares. Ladenburg Thalmann Services reported 4,205 shares or 0% of all its holdings.
Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 2 insider sales for $331,710 net activity. $114,360 worth of Astronics Corporation (NASDAQ:ATRO) was sold by KRAMER JAMES S. $217,350 worth of Astronics Corporation (NASDAQ:ATRO) shares were sold by DRENNING JOHN B.
Out of 4 analysts covering Astronics Corporation (NASDAQ:ATRO), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $80 is the highest target while $40 is the lowest. The $63.33 average target is 64.07% above today’s ($38.6) stock price. Astronics Corporation has been the topic of 10 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The company was upgraded on Wednesday, June 29 by KeyBanc Capital Markets. KeyBanc Capital Markets upgraded the shares of ATRO in a report on Thursday, February 18 to “Overweight” rating. The rating was initiated by CL King on Thursday, August 27 with “Buy”. The company was maintained on Monday, September 26 by Canaccord Genuity.
Astronics Corporation, incorporated on December 5, 1968, is a supplier of products to the aerospace, defense, electronics and semiconductor industries. The Company’s services and products include electrical power generation, distribution and motion systems, lighting and safety systems, avionics products, aircraft structures, systems certification and automated test systems. The Firm operates through two divisions: Aerospace and Test Systems. It creates and manufactures its products through its subsidiaries, Astronics Advanced Electronic Systems Corp. (AES); Astronics AeroSat Corporation (AeroSat); Ballard Technology, Inc. (Ballard); Astronics DME LLC (DME); Luminescent Systems, Inc. (LSI); Luminescent Systems Canada, Inc. (LSI Canada); Max-Viz, Inc. (Max-Viz); Peco, Inc. (Peco); PGA Electronic s.a. (PGA); Astronics Test Systems, Inc., and Armstrong Aerospace, Inc. (Armstrong). The Firm has activities in the United States, Canada and France.
More important recent Astronics Corporation (NASDAQ:ATRO) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on October 16, 2010, also Globenewswire.com published article titled: “Astronics Corporation Reports 2016 Third Quarter Financial Results”, Globenewswire.com published: “Astronics Corporation Awarded Emergency Lighting and Passenger Service Units …” on April 07, 2016. More interesting news about Astronics Corporation (NASDAQ:ATRO) was released by: Streetinsider.com and their article: “Astronics Corp (ATRO) Plans 15% Class B Stock Distribution” with publication date: September 26, 2016.
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By Peter Erickson