BAE Systems plc (OTCMKTS:BAESY) Shares Sold by Meritage Portfolio Management

Meritage Portfolio Management lowered its holdings in shares of BAE Systems plc (OTCMKTS:BAESY - Free Report) by 6.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 63,107 shares of the aerospace company's stock after selling 4,592 shares during the period. Meritage Portfolio Management's holdings in BAE Systems were worth $3,607,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Altrius Capital Management Inc increased its holdings in shares of BAE Systems by 2.3% during the third quarter. Altrius Capital Management Inc now owns 109,506 shares of the aerospace company's stock valued at $7,266,000 after acquiring an additional 2,470 shares in the last quarter. Principal Street Partners LLC lifted its holdings in BAE Systems by 99.0% during the third quarter. Principal Street Partners LLC now owns 17,628 shares of the aerospace company's stock worth $1,178,000 after acquiring an additional 8,769 shares during the period. Dorsey Wright & Associates boosted its holdings in shares of BAE Systems by 11.7% in the 3rd quarter. Dorsey Wright & Associates now owns 56,856 shares of the aerospace company's stock worth $3,775,000 after buying an additional 5,936 shares during the last quarter. Finally, Nisa Investment Advisors LLC bought a new position in shares of BAE Systems during the 4th quarter valued at approximately $26,000. Institutional investors own 0.21% of the company's stock.

BAE Systems Trading Down 2.9 %

Shares of BAE Systems stock traded down $1.76 on Friday, hitting $58.96. 166,643 shares of the company traded hands, compared to its average volume of 307,067. The business has a 50-day simple moving average of $59.83 and a 200 day simple moving average of $64.98. The company has a current ratio of 1.03, a quick ratio of 0.91 and a debt-to-equity ratio of 0.72. BAE Systems plc has a 52 week low of $56.19 and a 52 week high of $72.81.

Wall Street Analysts Forecast Growth

Separately, Bank of America reissued an "underperform" rating on shares of BAE Systems in a report on Friday, November 29th.

BAE Systems Company Profile

BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Platforms & Services, Air, Maritime, and Cyber & Intelligence. The Electronic Systems segment offers electronic warfare systems, navigation systems, electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance capabilities, space electronics, and electric drive propulsion systems.