Elbit Systems Ltd. $ESLT Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lessened its position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 33.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,025 shares of the aerospace company’s stock after selling 5,630 shares during the quarter. Quantbot Technologies LP’s holdings in Elbit Systems were worth $5,621,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Assetmark Inc. lifted its stake in shares of Elbit Systems by 11.2% in the 2nd quarter. Assetmark Inc. now owns 209 shares of the aerospace company’s stock valued at $94,000 after purchasing an additional 21 shares during the last quarter. SteelPeak Wealth LLC raised its holdings in Elbit Systems by 1.1% in the 3rd quarter. SteelPeak Wealth LLC now owns 1,864 shares of the aerospace company’s stock valued at $950,000 after buying an additional 21 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Elbit Systems by 2.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,193 shares of the aerospace company’s stock valued at $608,000 after buying an additional 29 shares during the last quarter. SBI Securities Co. Ltd. boosted its stake in Elbit Systems by 20.9% during the second quarter. SBI Securities Co. Ltd. now owns 185 shares of the aerospace company’s stock worth $83,000 after buying an additional 32 shares during the period. Finally, West Family Investments Inc. boosted its stake in Elbit Systems by 2.9% during the third quarter. West Family Investments Inc. now owns 1,136 shares of the aerospace company’s stock worth $579,000 after buying an additional 32 shares during the period. 17.88% of the stock is currently owned by hedge funds and other institutional investors.

Elbit Systems Trading Up 0.5%

NASDAQ:ESLT opened at $769.04 on Friday. Elbit Systems Ltd. has a 12-month low of $303.06 and a 12-month high of $775.99. The firm has a market cap of $34.18 billion, a PE ratio of 78.15, a price-to-earnings-growth ratio of 2.33 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. The stock has a fifty day moving average price of $679.62 and a 200 day moving average price of $555.39.

Wall Street Analysts Forecast Growth

ESLT has been the topic of several recent analyst reports. Zacks Research lowered shares of Elbit Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Wall Street Zen upgraded Elbit Systems from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Elbit Systems in a report on Monday, December 29th. Morgan Stanley assumed coverage on Elbit Systems in a research note on Thursday, December 11th. They set an “equal weight” rating and a $531.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their target price on Elbit Systems from $530.00 to $580.00 and gave the company a “neutral” rating in a research report on Friday, December 19th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $550.33.

Elbit Systems Company Profile

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.