Sumitomo Mitsui Trust Group Inc. decreased its position in shares of Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 6.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 40,039 shares of the aerospace company's stock after selling 2,648 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.09% of Elbit Systems worth $8,012,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its holdings in Elbit Systems by 57.5% during the 1st quarter. Russell Investments Group Ltd. now owns 16,007 shares of the aerospace company's stock valued at $3,356,000 after buying an additional 5,846 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Elbit Systems by 53.7% in the 1st quarter. Advisors Asset Management Inc. now owns 10,626 shares of the aerospace company's stock worth $2,234,000 after acquiring an additional 3,712 shares during the last quarter. Spectrum Asset Management Inc. NB CA purchased a new stake in shares of Elbit Systems in the 3rd quarter valued at about $762,000. Cetera Advisors LLC bought a new stake in shares of Elbit Systems during the 1st quarter valued at about $1,966,000. Finally, Marshall Wace LLP purchased a new position in shares of Elbit Systems during the second quarter worth about $2,181,000. 17.88% of the stock is currently owned by institutional investors.
Elbit Systems Price Performance
NASDAQ:ESLT traded up $14.02 during midday trading on Tuesday, hitting $249.16. The company had a trading volume of 123,372 shares, compared to its average volume of 23,994. The stock's fifty day moving average price is $211.94 and its 200-day moving average price is $198.27. Elbit Systems Ltd. has a 52-week low of $175.30 and a 52-week high of $252.50. The company has a quick ratio of 0.63, a current ratio of 1.13 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $11.08 billion, a PE ratio of 46.06 and a beta of 0.51.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded shares of Elbit Systems from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 12th.
Get Our Latest Research Report on Elbit Systems
Elbit Systems Company 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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