Creative Planning bought a new stake in Elbit Systems Ltd (NASDAQ:ESLT) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,324 shares of the aerospace company’s stock, valued at approximately $205,000.
Several other institutional investors have also recently bought and sold shares of ESLT. Phoenix Holdings Ltd. purchased a new stake in Elbit Systems during the 3rd quarter valued at approximately $12,892,000. Bfsg LLC purchased a new stake in Elbit Systems during the 3rd quarter valued at approximately $4,047,000. Fisher Asset Management LLC purchased a new stake in Elbit Systems during the 3rd quarter valued at approximately $2,400,000. Parametric Portfolio Associates LLC raised its stake in Elbit Systems by 6.3% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 78,846 shares of the aerospace company’s stock valued at $12,991,000 after acquiring an additional 4,649 shares during the last quarter. Finally, Morgan Stanley raised its stake in Elbit Systems by 11.7% during the 2nd quarter. Morgan Stanley now owns 20,623 shares of the aerospace company’s stock valued at $3,084,000 after acquiring an additional 2,154 shares during the last quarter. 8.71% of the stock is owned by institutional investors and hedge funds.
NASDAQ ESLT opened at $157.94 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.72 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average is $156.57 and its two-hundred day moving average is $160.28. Elbit Systems Ltd has a 12-month low of $125.26 and a 12-month high of $167.75. The stock has a market capitalization of $6.72 billion, a price-to-earnings ratio of 25.19 and a beta of 0.87.
Several research firms have commented on ESLT. ValuEngine raised Elbit Systems from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Jefferies Financial Group assumed coverage on Elbit Systems in a research note on Monday, January 27th. They set a “buy” rating and a $185.00 price objective for the company. Finally, BidaskClub upgraded Elbit Systems from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 30th.
About Elbit Systems
Elbit Systems Ltd. develops and supplies a range of airborne, land, and naval systems and products for defense, homeland security, and commercial aviation applications worldwide. The company offers military aircraft and helicopter systems; commercial aviation systems and aero structures; unmanned aircraft systems and unmanned surface vessels; electro-optic and countermeasures systems; land vehicle systems; munitions; command, control, communications, computer, intelligence, surveillance, and reconnaissance and cyber systems; electronic warfare and signal intelligence systems; and commercial cyber security products.
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