TimesSquare Capital Management LLC trimmed its stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 13.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 169,000 shares of the aerospace company’s stock after selling 25,700 shares during the quarter. TimesSquare Capital Management LLC owned approximately 0.40% of Elbit Systems worth $24,857,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Parallel Advisors LLC boosted its stake in Elbit Systems by 6.8% during the 2nd quarter. Parallel Advisors LLC now owns 864 shares of the aerospace company’s stock valued at $109,000 after acquiring an additional 55 shares during the last quarter. Quantum Capital Management bought a new position in Elbit Systems during the 2nd quarter valued at $203,000. UBS Group AG boosted its stake in Elbit Systems by 138.9% during the 1st quarter. UBS Group AG now owns 1,816 shares of the aerospace company’s stock valued at $206,000 after acquiring an additional 1,056 shares during the last quarter. Macquarie Group Ltd. bought a new position in Elbit Systems during the 3rd quarter valued at $206,000. Finally, BlueCrest Capital Management Ltd bought a new position in Elbit Systems during the 2nd quarter valued at $210,000. Hedge funds and other institutional investors own 11.24% of the company’s stock.

Elbit Systems Ltd. (ESLT) opened at $143.63 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.26 and a quick ratio of 0.82. Elbit Systems Ltd. has a 52-week low of $98.42 and a 52-week high of $153.13. The stock has a market cap of $6,160.00, a PE ratio of 23.13 and a beta of 0.61.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Elbit Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. BidaskClub upgraded shares of Elbit Systems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 22nd. ValuEngine downgraded shares of Elbit Systems from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Standpoint Research downgraded shares of Elbit Systems from an “accumulate” rating to a “hold” rating in a research report on Thursday, October 5th. Four research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $143.00.

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Elbit Systems Profile

Elbit Systems Ltd. is an international technology company engaged in a range of programs across the world. The Company develops and supplies a portfolio of airborne, land and naval systems and products for defense, homeland security and commercial aviation applications. Its systems and products are installed on new platforms, and it also performs platform modernization programs.

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Institutional Ownership by Quarter for Elbit Systems (NASDAQ:ESLT)

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