Russell Investments Group Ltd. increased its holdings in shares of Elbit Systems Ltd (NASDAQ:ESLT) by 387.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,045 shares of the aerospace company’s stock after buying an additional 13,546 shares during the quarter. Russell Investments Group Ltd.’s holdings in Elbit Systems were worth $2,507,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently bought and sold shares of ESLT. Parallel Advisors LLC boosted its stake in shares of Elbit Systems by 6.8% in the second quarter. Parallel Advisors LLC now owns 864 shares of the aerospace company’s stock worth $109,000 after buying an additional 55 shares during the last quarter. Keybank National Association OH acquired a new position in Elbit Systems in the 3rd quarter worth about $217,000. Westbourne Investment Advisors Inc. acquired a new position in Elbit Systems in the 3rd quarter worth about $232,000. Quantum Capital Management acquired a new position in Elbit Systems in the 2nd quarter worth about $203,000. Finally, BlueCrest Capital Management Ltd acquired a new position in Elbit Systems in the 2nd quarter worth about $210,000. Institutional investors and hedge funds own 11.14% of the company’s stock.
A number of equities analysts have commented on ESLT shares. BidaskClub cut Elbit Systems from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 12th. Zacks Investment Research raised Elbit Systems from a “hold” rating to a “strong-buy” rating and set a $176.00 price target for the company in a report on Tuesday, October 17th. ValuEngine cut Elbit Systems from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, Standpoint Research lowered Elbit Systems from an “accumulate” rating to a “hold” rating in a research report on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $143.00.
Elbit Systems Ltd (NASDAQ:ESLT) traded down $1.26 on Friday, hitting $131.11. The stock had a trading volume of 19,851 shares, compared to its average volume of 43,322. Elbit Systems Ltd has a 1-year low of $103.64 and a 1-year high of $153.13. The stock has a market capitalization of $5,680.00, a price-to-earnings ratio of 23.67 and a beta of 0.59. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.82 and a current ratio of 1.26.
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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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