The Manufacturers Life Insurance Company Takes $1.27 Million Position in Elbit Systems Ltd. (NASDAQ:ESLT)

The Manufacturers Life Insurance Company bought a new stake in Elbit Systems Ltd. (NASDAQ:ESLT) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,250 shares of the aerospace company’s stock, valued at approximately $1,269,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. FMR LLC lifted its stake in shares of Elbit Systems by 31.9% during the 2nd quarter. FMR LLC now owns 1,671,496 shares of the aerospace company’s stock worth $206,581,000 after buying an additional 404,369 shares during the last quarter. Vanguard Group Inc. raised its stake in Elbit Systems by 6.5% in the 2nd quarter. Vanguard Group Inc. now owns 526,881 shares of the aerospace company’s stock worth $65,202,000 after purchasing an additional 32,258 shares in the last quarter. Bank of America Corp DE raised its stake in Elbit Systems by 1.6% in the 1st quarter. Bank of America Corp DE now owns 133,446 shares of the aerospace company’s stock worth $15,166,000 after purchasing an additional 2,048 shares in the last quarter. Rainier Investment Management LLC raised its stake in Elbit Systems by 467.8% in the 2nd quarter. Rainier Investment Management LLC now owns 70,410 shares of the aerospace company’s stock worth $8,713,000 after purchasing an additional 58,010 shares in the last quarter. Finally, Aperio Group LLC raised its stake in Elbit Systems by 4.3% in the 2nd quarter. Aperio Group LLC now owns 69,154 shares of the aerospace company’s stock worth $8,558,000 after purchasing an additional 2,839 shares in the last quarter. 11.24% of the stock is owned by institutional investors.

Several equities analysts have commented on ESLT shares. Zacks Investment Research raised shares of Elbit Systems from a “hold” rating to a “strong-buy” rating and set a $176.00 target price on the stock in a report on Tuesday, October 17th. Standpoint Research lowered shares of Elbit Systems from an “accumulate” rating to a “hold” rating in a report on Thursday, October 5th. ValuEngine raised shares of Elbit Systems from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Finally, BidaskClub lowered shares of Elbit Systems from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Three research analysts have rated the stock with a hold rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $143.00.

ILLEGAL ACTIVITY NOTICE: “The Manufacturers Life Insurance Company Takes $1.27 Million Position in Elbit Systems Ltd. (NASDAQ:ESLT)” was originally posted by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this story can be accessed at https://stocknewstimes.com/2017/11/20/the-manufacturers-life-insurance-company-purchases-shares-of-10250-elbit-systems-ltd-eslt.html.

Elbit Systems Ltd. (NASDAQ:ESLT) opened at $136.67 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.82 and a current ratio of 1.26. Elbit Systems Ltd. has a 1 year low of $98.42 and a 1 year high of $153.13. The stock has a market cap of $5,842.37, a price-to-earnings ratio of 22.01 and a beta of 0.62.

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.

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

Receive News & Ratings for Elbit Systems Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Elbit Systems Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply