Price Action to Note: Astronics Corporation Can’t Burn Your Short Portfolio. Has Another Weak Session

Price Action to Note: Astronics Corporation Can't Burn Your Short Portfolio. Has Another Weak Session

The stock of Astronics Corporation (NASDAQ:ATRO) is a huge mover today! About 436,544 shares traded hands or 332.40% up from the average. Astronics Corporation (NASDAQ:ATRO) has risen 13.52% since April 6, 2016 and is uptrending. It has outperformed by 11.57% the S&P500.
The move comes after 8 months negative chart setup for the $892.46M company. It was reported on Nov, 8 by Barchart.com. We have $27.96 PT which if reached, will make NASDAQ:ATRO worth $80.32M less.

Astronics Corporation (NASDAQ:ATRO) Ratings Coverage

Out of 4 analysts covering Astronics Corporation (NASDAQ:ATRO), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Astronics Corporation has been the topic of 10 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock of Astronics Corporation (NASDAQ:ATRO) has “Buy” rating given on Thursday, August 27 by CL King. KeyBanc Capital Markets upgraded Astronics Corporation (NASDAQ:ATRO) on Wednesday, June 29 to “Overweight” rating. The company was maintained on Monday, September 26 by Canaccord Genuity. The firm has “Overweight” rating by KeyBanc Capital Markets given on Thursday, February 18.

According to Zacks Investment Research, “Astronics Corporation is a manufacturer of specialized lighting and electronics for the cockpit, cabin and exteriors of military, commercial transport and private business jet aircraft. A major lighting and electronics supplier to the aircraft industry, its strategy is to expand from a components and subsystems supplier to an aircraft lighting systems integrator, increasing the value and content it provides to various aircraft platforms. Luminescent Systems Inc. is Astronics’ primary operating subsidiary which produces its aerospace and defense products.”

Insitutional Activity: The institutional sentiment decreased to 0.85 in 2016 Q2. Its down 0.58, from 1.43 in 2016Q1. The ratio dived, 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.
Stephens Invest Mngmt Group Limited holds 0.65% or 594,491 shares in its portfolio. The Massachusetts-based Geode Cap Management Ltd has invested 0% in Astronics Corporation (NASDAQ:ATRO). Zwj Investment Counsel holds 0.49% of its portfolio in Astronics Corporation (NASDAQ:ATRO) for 146,139 shares. Victory Capital Management last reported 0.03% of its portfolio in the stock. Amer Int Group accumulated 0% or 11,117 shares. New Amsterdam Prtnrs Lc Ny has 1.01% invested in the company for 124,605 shares. Bnp Paribas Arbitrage has 2,858 shares for 0% of their US portfolio. Dana Invest Advisors, a Wisconsin-based fund reported 45,149 shares. Moreover, Parametric Associate Llc has 0% invested in Astronics Corporation (NASDAQ:ATRO) for 8,030 shares. Public Employees Retirement Association Of Colorado has 0% invested in the company for 5,653 shares. Deroy Devereaux Private Investment Counsel last reported 0.15% of its portfolio in the stock. Mondrian Inv Prtnrs holds 0.09% of its portfolio in Astronics Corporation (NASDAQ:ATRO) for 110,057 shares. Moreover, State Bank Of Montreal Can has 0% invested in Astronics Corporation (NASDAQ:ATRO) for 1,812 shares. Suffolk Mngmt Ltd Com last reported 0.25% of its portfolio in the stock. Sei Investments owns 198 shares or 0% of their US portfolio.

Insider Transactions: Since June 1, 2016, the stock had 0 insider buys, and 2 selling transactions for $331,710 net activity. On Monday, August 15 DRENNING JOHN B sold $217,350 worth of the stock or 5,000 shares. Shares for $114,360 were sold by KRAMER JAMES S on Wednesday, June 1.

More recent Astronics Corporation (NASDAQ:ATRO) news were published by: Nasdaq.com which released: “Astronics Corporation Reports 2016 Third Quarter Financial Results” on November 08, 2016. Also Globenewswire.com published the news titled: “Astronics Corporation Announces Third Quarter 2016 Financial Results …” on October 25, 2016. Globenewswire.com‘s news article titled: “Astronics Corporation Awarded Emergency Lighting and Passenger Service Units …” with publication date: April 07, 2016 was also an interesting one.

ATRO Company Profile

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.

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