Elbit Systems Ltd. $ESLT Position Trimmed by Swiss National Bank

by · The Markets Daily

Swiss National Bank decreased its holdings in Elbit Systems Ltd. (NASDAQ:ESLT – Free Report) by 2.1% during the third quarter, Holdings Channel.com reports. The firm owned 84,159 shares of the aerospace company’s stock after selling 1,771 shares during the period. Swiss National Bank’s holdings in Elbit Systems were worth $42,678,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Y.D. More Investments Ltd boosted its holdings in shares of Elbit Systems by 35.1% during the second quarter. Y.D. More Investments Ltd now owns 610,977 shares of the aerospace company’s stock worth $271,438,000 after purchasing an additional 158,689 shares during the period. JPMorgan Chase & Co. increased its stake in Elbit Systems by 226.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 193,561 shares of the aerospace company’s stock valued at $87,006,000 after buying an additional 134,300 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Elbit Systems by 27.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 471,839 shares of the aerospace company’s stock worth $210,967,000 after buying an additional 101,083 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Elbit Systems by 74.2% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 175,533 shares of the aerospace company’s stock worth $78,084,000 after buying an additional 74,754 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in shares of Elbit Systems by 455.3% during the 2nd quarter. Marshall Wace LLP now owns 90,705 shares of the aerospace company’s stock valued at $40,772,000 after buying an additional 74,370 shares during the period. 17.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on ESLT. JPMorgan Chase & Co. boosted their price target on shares of Elbit Systems from $530.00 to $580.00 and gave the company a “neutral” rating in a report on Friday, December 19th. Weiss Ratings reiterated a “buy (b)” rating on shares of Elbit Systems in a report on Monday, December 29th. Wall Street Zen raised Elbit Systems from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Finally, Morgan Stanley began coverage on Elbit Systems in a research note on Thursday, December 11th. They issued an “equal weight” rating and a $531.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $550.33.

Get Our Latest Stock Report on ESLT

Elbit Systems Stock Down 1.7%

Shares of ESLT stock opened at $865.83 on Friday. The stock’s 50 day simple moving average is $733.34 and its 200 day simple moving average is $580.78. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 1.32. Elbit Systems Ltd. has a twelve month low of $354.68 and a twelve month high of $960.00. The company has a market capitalization of $38.49 billion, a price-to-earnings ratio of 87.99, a PEG ratio of 2.68 and a beta of 0.22.

Elbit Systems Profile

(Free Report)

Elbit Systems Ltd. is an Israel-based defense electronics company that designs, develops and supplies a broad range of systems for military, homeland security and commercial aviation customers. The company focuses on integrated, platform-level solutions that combine sensors, communications, command-and-control software and weapons integration to support intelligence, surveillance and reconnaissance (ISR), force protection and mission management.

Its product and service portfolio spans unmanned aircraft systems, electro-optic and signal intelligence systems, electronic warfare and communications equipment, avionics and mission systems for military and commercial aircraft, and land and naval systems.

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