Meitav Investment House Ltd. decreased its holdings in Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 6.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 315,142 shares of the aerospace company's stock after selling 21,694 shares during the quarter. Elbit Systems comprises 1.4% of Meitav Investment House Ltd.'s investment portfolio, making the stock its 23rd largest holding. Meitav Investment House Ltd. owned 0.71% of Elbit Systems worth $82,345,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Coastline Trust Co purchased a new stake in Elbit Systems in the 3rd quarter valued at $34,000. Morse Asset Management Inc purchased a new stake in Elbit Systems in the 3rd quarter valued at $40,000. Sierra Ocean LLC purchased a new stake in Elbit Systems in the 4th quarter valued at $41,000. Wilmington Savings Fund Society FSB purchased a new stake in Elbit Systems in the 3rd quarter valued at $63,000. Finally, Avior Wealth Management LLC raised its position in Elbit Systems by 49.1% in the 3rd quarter. Avior Wealth Management LLC now owns 480 shares of the aerospace company's stock valued at $96,000 after purchasing an additional 158 shares during the last quarter. Hedge funds and other institutional investors own 17.88% of the company's stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded shares of Elbit Systems from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, November 20th.
Check Out Our Latest Analysis on Elbit Systems
Elbit Systems Stock Performance
Elbit Systems stock traded down $4.88 during trading hours on Friday, reaching $295.42. 25,881 shares of the stock were exchanged, compared to its average volume of 35,294. The stock 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. Elbit Systems Ltd. has a 52-week low of $175.30 and a 52-week high of $313.89. The firm's 50 day moving average is $285.20 and its 200 day moving average is $239.74.
Elbit Systems Profile
(
Free Report)
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.
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