Collaborative Fund Advisors LLC Makes New $897,000 Investment in Bae Systems PLC $BAESY

Collaborative Fund Advisors LLC acquired a new stake in Bae Systems PLC (OTCMKTS:BAESY) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,699 shares of the aerospace company’s stock, valued at approximately $897,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Atlas Capital Advisors Inc. bought a new position in shares of Bae Systems in the 4th quarter worth $98,000. PNC Financial Services Group Inc. increased its stake in Bae Systems by 9.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,690 shares of the aerospace company’s stock valued at $157,000 after purchasing an additional 140 shares in the last quarter. Riverbridge Partners LLC acquired a new position in Bae Systems during the first quarter worth $221,000. Kingswood Wealth Advisors LLC acquired a new position in Bae Systems during the fourth quarter worth $250,000. Finally, Pinnacle Wealth Management Advisory Group LLC bought a new position in shares of Bae Systems in the first quarter valued at $307,000. Institutional investors own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on BAESY shares. Kepler Capital Markets raised shares of Bae Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, June 24th. Morgan Stanley reaffirmed an “overweight” rating on shares of Bae Systems in a research report on Thursday, June 25th. Finally, Erste Group Bank lowered Bae Systems from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Bae Systems Price Performance

Shares of BAESY stock opened at $106.11 on Monday. The company has a quick ratio of 0.87, a current ratio of 0.99 and a debt-to-equity ratio of 0.60. Bae Systems PLC has a 52-week low of $84.50 and a 52-week high of $126.00. The company has a 50-day simple moving average of $103.67 and a two-hundred day simple moving average of $108.70.

Bae Systems Company Profile

BAE Systems plc is a global defense, security and aerospace company that designs, develops and manufactures a broad range of military and related products and services. Formed in 1999 through the combination of British Aerospace and Marconi Electronic Systems, the company supplies platforms, systems and support across air, land, maritime and cyber domains. Its portfolio spans combat and support aircraft systems, naval shipbuilding and subsystems, armored and land combat solutions, electronic and sensor systems, munitions, and intelligence, surveillance and cybersecurity capabilities.

BAE Systems serves government and military customers worldwide, with particularly large footprints in the United Kingdom and the United States as well as operations and sales across Europe, the Middle East, Australia and other markets.