Elbit Systems Ltd. (NASDAQ:ESLT) Shares Sold by Clal Insurance Enterprises Holdings Ltd

Clal Insurance Enterprises Holdings Ltd decreased its position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 3.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,352,900 shares of the aerospace company’s stock after selling 41,779 shares during the quarter. Elbit Systems comprises about 3.2% of Clal Insurance Enterprises Holdings Ltd’s investment portfolio, making the stock its 6th largest holding. Clal Insurance Enterprises Holdings Ltd’s holdings in Elbit Systems were worth $353,933,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ESLT. Coastline Trust Co acquired a new stake in Elbit Systems in the third quarter worth about $34,000. Morse Asset Management Inc acquired a new stake in Elbit Systems in the third quarter worth about $40,000. Sierra Ocean LLC acquired a new stake in Elbit Systems in the fourth quarter worth about $41,000. Smartleaf Asset Management LLC lifted its holdings in Elbit Systems by 196.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 160 shares of the aerospace company’s stock worth $41,000 after purchasing an additional 106 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in Elbit Systems in the third quarter worth about $63,000. Institutional investors and hedge funds own 17.88% of the company’s stock.

Elbit Systems Price Performance

Shares of Elbit Systems stock opened at $310.99 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.64 and a debt-to-equity ratio of 0.10. The company’s 50-day moving average price is $289.59 and its two-hundred day moving average price is $244.14. Elbit Systems Ltd. has a 52 week low of $175.30 and a 52 week high of $313.89. The stock has a market cap of $13.82 billion, a PE ratio of 53.16 and a beta of 0.53.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Elbit Systems from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th.

Elbit Systems 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.