Elbit Systems Ltd. (NASDAQ:ESLT) Shares Sold by Bfsg LLC

Bfsg LLC lowered its holdings in Elbit Systems Ltd. (NASDAQ:ESLT) by 8.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 19,477 shares of the aerospace company’s stock after selling 1,707 shares during the quarter. Bfsg LLC’s holdings in Elbit Systems were worth $5,026,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its holdings in shares of Elbit Systems by 99.4% during the third quarter. BNP Paribas Financial Markets now owns 3,390 shares of the aerospace company’s stock worth $678,000 after purchasing an additional 1,690 shares during the period. Spectrum Asset Management Inc. NB CA bought a new stake in Elbit Systems during the third quarter valued at about $762,000. JPMorgan Chase & Co. grew its holdings in Elbit Systems by 12.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 170,703 shares of the aerospace company’s stock valued at $34,158,000 after buying an additional 18,614 shares during the last quarter. Stifel Financial Corp grew its stake in shares of Elbit Systems by 50.3% in the third quarter. Stifel Financial Corp now owns 10,531 shares of the aerospace company’s stock worth $2,107,000 after acquiring an additional 3,524 shares during the last quarter. Finally, Systematic Financial Management LP grew its position in Elbit Systems by 12.1% in the 3rd quarter. Systematic Financial Management LP now owns 74,322 shares of the aerospace company’s stock worth $14,872,000 after purchasing an additional 8,000 shares during the last quarter. Institutional investors and hedge funds own 17.88% of the company’s stock.

Elbit Systems Stock Performance

Shares of NASDAQ:ESLT opened at $296.98 on Tuesday. Elbit Systems Ltd. has a twelve month low of $175.30 and a twelve month high of $313.89. The firm has a market cap of $13.20 billion, a PE ratio of 50.77 and a beta of 0.53. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.64 and a current ratio of 1.15. The business has a fifty day moving average of $281.42 and a 200-day moving average of $237.24.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Elbit Systems from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 20th.

Elbit Systems Company Profile

Elbit Systems Ltd. develops and supplies a portfolio of airborne, land, and naval systems and products for the defense, homeland security, and commercial aviation applications primarily in Israel. The company operates through Aerospace, C4I and Cyber, ISTAR and EW, Land, and Elbit Systems of America segments.