BAE Systems (OTCMKTS:BAESY) Stock Rating Lowered by Berenberg Bank

Berenberg Bank downgraded shares of BAE Systems (OTCMKTS:BAESY) from a strong-buy rating to a hold rating in a research report sent to investors on Monday,Zacks.com reports.

Separately, Bank of America restated an “underperform” rating on shares of BAE Systems in a research report on Friday, November 29th.

BAE Systems Stock Down 1.1 %

Shares of BAESY opened at $81.85 on Monday. The business’s 50-day moving average price is $64.84 and its 200-day moving average price is $65.61. 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 has a twelve month low of $56.19 and a twelve month high of $87.44.

Institutional Trading of BAE Systems

A number of hedge funds have recently made changes to their positions in BAESY. Principal Street Partners LLC raised its position 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 valued at $1,178,000 after purchasing an additional 8,769 shares in the last quarter. Altrius Capital Management Inc raised its holdings in shares of BAE Systems by 3.3% during the 4th quarter. Altrius Capital Management Inc now owns 113,168 shares of the aerospace company’s stock valued at $6,469,000 after buying an additional 3,662 shares in the last quarter. Nisa Investment Advisors LLC bought a new stake in BAE Systems in the 4th quarter worth approximately $26,000. Dorsey Wright & Associates boosted its stake in BAE Systems by 11.7% in the third 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 in the last quarter. Finally, Sit Investment Associates Inc. grew its position in BAE Systems by 4.3% during the fourth quarter. Sit Investment Associates Inc. now owns 55,390 shares of the aerospace company’s stock valued at $3,166,000 after acquiring an additional 2,285 shares during the last quarter. 0.21% of the stock is owned by institutional investors.

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.