Yelin Lapidot Holdings Management Ltd. trimmed its holdings in Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 11.3% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 13,325 shares of the aerospace company's stock after selling 1,700 shares during the quarter. Yelin Lapidot Holdings Management Ltd.'s holdings in Elbit Systems were worth $3,439,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Meitav Investment House Ltd. lifted its position in Elbit Systems by 41.3% during the third quarter. Meitav Investment House Ltd. now owns 336,836 shares of the aerospace company's stock valued at $67,264,000 after purchasing an additional 98,440 shares during the period. Y.D. More Investments Ltd lifted its holdings in shares of Elbit Systems by 10.1% during the 4th quarter. Y.D. More Investments Ltd now owns 449,747 shares of the aerospace company's stock valued at $117,520,000 after buying an additional 41,401 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Elbit Systems by 12.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 170,703 shares of the aerospace company's stock worth $34,158,000 after buying an additional 18,614 shares during the last quarter. Heard Capital LLC grew its holdings in shares of Elbit Systems by 4.8% in the third quarter. Heard Capital LLC now owns 218,392 shares of the aerospace company's stock worth $43,700,000 after acquiring an additional 10,070 shares during the period. Finally, Systematic Financial Management LP increased its position in Elbit Systems by 12.1% during the third quarter. Systematic Financial Management LP now owns 74,322 shares of the aerospace company's stock valued at $14,872,000 after acquiring an additional 8,000 shares during the last quarter. Institutional investors own 17.88% of the company's stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded shares of Elbit Systems from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th.
Get Our Latest Report on ESLT
Elbit Systems Stock Performance
Shares of Elbit Systems stock traded up $5.40 on Tuesday, hitting $340.00. 136,368 shares of the company's stock were exchanged, compared to its average volume of 38,903. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.64 and a current ratio of 1.15. The stock has a market capitalization of $15.11 billion, a PE ratio of 58.12 and a beta of 0.53. Elbit Systems Ltd. has a 1 year low of $175.30 and a 1 year high of $344.37. The company has a 50-day simple moving average of $291.03 and a 200-day simple moving average of $245.43.
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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