Counterpoint Mutual Funds LLC Sells 5,140 Shares of Elbit Systems Ltd. $ESLT

Counterpoint Mutual Funds LLC lessened its stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 83.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,000 shares of the aerospace company’s stock after selling 5,140 shares during the period. Counterpoint Mutual Funds LLC’s holdings in Elbit Systems were worth $510,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. USA Financial Formulas acquired a new position in Elbit Systems during the third quarter worth $26,000. Traub Capital Management LLC bought a new stake in shares of Elbit Systems in the 2nd quarter worth about $31,000. Financial Consulate Inc. acquired a new stake in shares of Elbit Systems during the 3rd quarter worth about $60,000. Montag A & Associates Inc. bought a new position in Elbit Systems during the 2nd quarter valued at about $68,000. Finally, SBI Securities Co. Ltd. boosted its position in Elbit Systems by 20.9% in the second quarter. SBI Securities Co. Ltd. now owns 185 shares of the aerospace company’s stock valued at $83,000 after buying an additional 32 shares in the last quarter. 17.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ESLT shares. Zacks Research lowered shares of Elbit Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. JPMorgan Chase & Co. lifted their price objective on Elbit Systems from $530.00 to $580.00 and gave the company a “neutral” rating in a research report on Friday, December 19th. Wall Street Zen upgraded Elbit Systems from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Weiss Ratings restated a “buy (b)” rating on shares of Elbit Systems in a research note on Monday, December 29th. Finally, Morgan Stanley assumed coverage on Elbit Systems in a report on Thursday, December 11th. They issued an “equal weight” rating and a $531.00 price target for the company. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $550.33.

Elbit Systems Stock Performance

Shares of NASDAQ:ESLT opened at $745.58 on Tuesday. The stock has a market capitalization of $33.14 billion, a P/E ratio of 75.77, a P/E/G ratio of 2.20 and a beta of 0.22. The company has a current ratio of 1.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. Elbit Systems Ltd. has a 1-year low of $294.99 and a 1-year high of $749.00. The business has a 50-day moving average price of $661.75 and a two-hundred day moving average price of $547.19.

About Elbit Systems

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.