Elbit Systems (NASDAQ:ESLT) Cut to Buy at StockNews.com

StockNews.com cut shares of Elbit Systems (NASDAQ:ESLT) from a strong-buy rating to a buy rating in a research note issued to investors on Tuesday.

Elbit Systems Stock Up 0.9 %

Elbit Systems stock opened at $305.74 on Tuesday. The firm has a market capitalization of $13.59 billion, a P/E ratio of 52.26 and a beta of 0.53. The company has a current ratio of 1.15, a quick ratio of 0.64 and a debt-to-equity ratio of 0.10. Elbit Systems has a twelve month low of $175.30 and a twelve month high of $313.89. The stock’s fifty day simple moving average is $288.52 and its 200-day simple moving average is $242.91.

Hedge Funds Weigh In On Elbit Systems

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Elbit Systems by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 874,352 shares of the aerospace company’s stock worth $229,268,000 after buying an additional 10,215 shares during the period. Y.D. More Investments Ltd increased its position in shares of Elbit Systems by 10.1% in 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 purchasing an additional 41,401 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Elbit Systems by 13.1% in the 4th quarter. Invesco Ltd. now owns 338,256 shares of the aerospace company’s stock valued at $87,294,000 after purchasing an additional 39,095 shares in the last quarter. Meitav Investment House Ltd. lifted its position in shares of Elbit Systems by 41.3% during the 3rd quarter. Meitav Investment House Ltd. now owns 336,836 shares of the aerospace company’s stock worth $67,264,000 after purchasing an additional 98,440 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Elbit Systems by 177.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 227,102 shares of the aerospace company’s stock worth $59,207,000 after purchasing an additional 145,324 shares in the last quarter. Hedge funds and other institutional investors own 17.88% of the company’s stock.

About Elbit Systems

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.