Swiss National Bank Decreases Position in Elbit Systems Ltd. (NASDAQ:ESLT)

Swiss National Bank reduced its stake in Elbit Systems Ltd. (NASDAQ:ESLT) by 6.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,430 shares of the aerospace company’s stock after selling 5,196 shares during the period. Swiss National Bank’s holdings in Elbit Systems were worth $19,416,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its position in shares of Elbit Systems by 7.3% in the 4th quarter. Blue Trust Inc. now owns 987 shares of the aerospace company’s stock valued at $255,000 after buying an additional 67 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in Elbit Systems by 0.7% in the third quarter. Advisors Asset Management Inc. now owns 12,402 shares of the aerospace company’s stock valued at $2,482,000 after acquiring an additional 92 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Elbit Systems by 196.3% during 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 last quarter. State Street Corp increased its position in shares of Elbit Systems by 3.1% during the third quarter. State Street Corp now owns 4,534 shares of the aerospace company’s stock worth $907,000 after purchasing an additional 136 shares in the last quarter. Finally, Sierra Ocean LLC purchased a new stake in shares of Elbit Systems in the 4th quarter valued at about $41,000. Institutional investors and hedge funds own 17.88% of the company’s stock.

Elbit Systems Stock Performance

Shares of ESLT opened at $408.53 on Wednesday. The company’s 50 day simple moving average is $312.94 and its 200-day simple moving average is $257.80. The firm has a market cap of $18.16 billion, a PE ratio of 69.83 and a beta of 0.53. Elbit Systems Ltd. has a 12-month low of $175.30 and a 12-month high of $416.50. The company has a current ratio of 1.15, a quick ratio of 0.64 and a debt-to-equity ratio of 0.10.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Elbit Systems from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th.

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.