Henry James International Management Inc. grew its stake in Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 9.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,211 shares of the aerospace company's stock after purchasing an additional 1,876 shares during the period. Elbit Systems comprises approximately 2.1% of Henry James International Management Inc.'s investment portfolio, making the stock its 13th largest position. Henry James International Management Inc.'s holdings in Elbit Systems were worth $5,732,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in ESLT. Coastline Trust Co acquired a new stake in shares of Elbit Systems in the 3rd quarter valued at approximately $34,000. Morse Asset Management Inc acquired a new stake in shares of Elbit Systems in the 3rd quarter valued at approximately $40,000. Sierra Ocean LLC acquired a new stake in shares of Elbit Systems in the 4th quarter valued at approximately $41,000. Wilmington Savings Fund Society FSB bought a new position in Elbit Systems in the 3rd quarter valued at approximately $63,000. Finally, Avior Wealth Management LLC raised its holdings 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 buying an additional 158 shares during the last quarter. 17.88% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered shares of Elbit Systems from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th.
Get Our Latest Analysis on Elbit Systems
Elbit Systems Trading Up 3.5 %
NASDAQ ESLT traded up $12.04 during trading hours on Wednesday, reaching $352.04. The company's stock had a trading volume of 88,966 shares, compared to its average volume of 40,106. The firm has a fifty day simple moving average of $292.59 and a 200-day simple moving average of $246.42. The stock has a market cap of $15.65 billion, a P/E ratio of 60.18 and a beta of 0.53. Elbit Systems Ltd. has a 52 week low of $175.30 and a 52 week high of $352.39. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.15 and a quick ratio of 0.64.
About Elbit Systems
(
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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