Bfsg LLC Decreases Stock Position in Elbit Systems Ltd. (NASDAQ:ESLT)

Bfsg LLC lessened its stake in Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 8.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ESLT. Sierra Ocean LLC acquired a new stake in Elbit Systems during the fourth quarter worth $41,000. Van ECK Associates Corp increased its stake in Elbit Systems by 3.8% during the fourth quarter. Van ECK Associates Corp now owns 11,559 shares of the aerospace company's stock worth $2,983,000 after acquiring an additional 426 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Elbit Systems during the fourth quarter worth $590,000. Y.D. More Investments Ltd increased its stake in Elbit Systems by 10.1% during the fourth quarter. Y.D. More Investments Ltd now owns 449,747 shares of the aerospace company's stock worth $117,520,000 after acquiring an additional 41,401 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Elbit Systems by 7.3% during the fourth quarter. Blue Trust Inc. now owns 987 shares of the aerospace company's stock worth $255,000 after buying an additional 67 shares during the period. Institutional investors and hedge funds own 17.88% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Elbit Systems from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, November 20th.

Elbit Systems Trading Down 1.6 %

Shares of ESLT traded down $4.88 during midday trading on Friday, hitting $295.42. 25,881 shares of the stock were exchanged, compared to its average volume of 35,294. Elbit Systems Ltd. has a 52-week low of $175.30 and a 52-week high of $313.89. The stock has a fifty day simple moving average of $285.20 and a 200 day simple moving average of $239.74. The firm has a market cap of $13.13 billion, a P/E ratio of 50.50 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.

About Elbit Systems

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.