Paloma Partners Management Co bought a new stake in Elbit Systems Ltd. (NASDAQ:ESLT) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,365 shares of the aerospace company’s stock, valued at approximately $269,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of ESLT. Creative Planning raised its position in shares of Elbit Systems by 66.7% in the first quarter. Creative Planning now owns 1,000 shares of the aerospace company’s stock valued at $114,000 after buying an additional 400 shares during the period. Bartlett & Co. LLC purchased a new position in shares of Elbit Systems during the first quarter valued at $114,000. Westbourne Investment Advisors Inc. purchased a new position in shares of Elbit Systems during the first quarter valued at $202,000. UBS Group AG raised its position in shares of Elbit Systems by 138.9% in the first quarter. UBS Group AG now owns 1,816 shares of the aerospace company’s stock valued at $206,000 after buying an additional 1,056 shares during the period. Finally, US Bancorp DE raised its position in shares of Elbit Systems by 45.2% in the first quarter. US Bancorp DE now owns 1,835 shares of the aerospace company’s stock valued at $208,000 after buying an additional 571 shares during the period. 10.84% of the stock is currently owned by institutional investors and hedge funds.
Elbit Systems Ltd. (NASDAQ:ESLT) opened at 126.27 on Friday. Elbit Systems Ltd. has a 12 month low of $91.20 and a 12 month high of $127.97. The stock has a market capitalization of $5.40 billion, a price-to-earnings ratio of 23.44 and a beta of 0.62. The company has a 50 day moving average price of $124.77 and a 200 day moving average price of $117.54.
Elbit Systems (NASDAQ:ESLT) last posted its quarterly earnings results on Tuesday, May 16th. The aerospace company reported $1.21 EPS for the quarter. Elbit Systems had a net margin of 7.00% and a return on equity of 16.45%. The business had revenue of $749.19 million for the quarter. Equities research analysts predict that Elbit Systems Ltd. will post $6.20 earnings per share for the current year.
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Several brokerages recently weighed in on ESLT. BidaskClub raised Elbit Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 9th. Chardan Capital began coverage on Elbit Systems in a research report on Friday, May 5th. They issued a “neutral” rating and a $110.00 target price on the stock.
Elbit Systems Company 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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