Cardinal Capital Management Sells 118 Shares of Elbit Systems Ltd. (NASDAQ:ESLT)

Cardinal Capital Management decreased its position in Elbit Systems Ltd. (NASDAQ:ESLT) by 0.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 14,136 shares of the aerospace company’s stock after selling 118 shares during the quarter. Cardinal Capital Management’s holdings in Elbit Systems were worth $3,655,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ESLT. Sierra Ocean LLC acquired a new position in Elbit Systems in the fourth quarter worth $41,000. Coastline Trust Co bought a new position in shares of Elbit Systems in the third quarter valued at about $34,000. Morse Asset Management Inc acquired a new position in Elbit Systems during the 3rd quarter worth about $40,000. Wilmington Savings Fund Society FSB bought a new stake in Elbit Systems during the 3rd quarter worth about $63,000. Finally, Avior Wealth Management LLC increased its position 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 acquiring an additional 158 shares in the last quarter. Institutional investors and hedge funds own 17.88% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Elbit Systems from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 20th.

Elbit Systems Stock Up 0.2 %

NASDAQ:ESLT opened at $296.98 on Tuesday. The company has a market cap of $13.20 billion, a price-to-earnings ratio of 50.77 and a beta of 0.53. 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’s fifty day moving average price is $281.42 and its two-hundred day moving average price is $237.24. Elbit Systems Ltd. has a 52-week low of $175.30 and a 52-week high of $313.89.

Elbit Systems Profile

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.