Elbit Systems (NASDAQ:ESLT - Get Free Report) was downgraded by research analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Tuesday.
Elbit Systems Stock Performance
Shares of NASDAQ ESLT traded up $5.25 during trading on Tuesday, hitting $310.99. The company had a trading volume of 42,068 shares, compared to its average volume of 34,817. The stock has a 50 day simple moving average of $289.59 and a 200 day simple moving average of $243.77. 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 has a 12 month low of $175.30 and a 12 month high of $313.89. The firm has a market capitalization of $13.82 billion, a P/E ratio of 53.16 and a beta of 0.53.
Hedge Funds Weigh In On Elbit Systems
Several institutional investors have recently added to or reduced their stakes in ESLT. Hurley Capital LLC purchased a new position in Elbit Systems during the 4th quarter valued at approximately $26,000. Prestige Wealth Management Group LLC boosted its holdings in shares of Elbit Systems by 150.0% in the 4th quarter. Prestige Wealth Management Group LLC now owns 125 shares of the aerospace company's stock worth $32,000 after purchasing an additional 75 shares during the period. Coastline Trust Co purchased a new position in shares of Elbit Systems in the 3rd quarter worth approximately $34,000. Morse Asset Management Inc purchased a new position in shares of Elbit Systems in the 3rd quarter worth approximately $40,000. Finally, Sierra Ocean LLC purchased a new position in shares of Elbit Systems in the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 17.88% of the company's stock.
About Elbit Systems
(
Get 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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