Elbit Systems Ltd (ESLT) Holdings Lowered by Swiss National Bank

Swiss National Bank trimmed its stake in shares of Elbit Systems Ltd (NASDAQ:ESLT) by 33.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 90,418 shares of the aerospace company’s stock after selling 45,351 shares during the quarter. Swiss National Bank’s holdings in Elbit Systems were worth $12,121,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Canada Pension Plan Investment Board bought a new stake in shares of Elbit Systems in the 3rd quarter worth approximately $882,000. Russell Investments Group Ltd. raised its stake in shares of Elbit Systems by 387.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 17,045 shares of the aerospace company’s stock valued at $2,507,000 after buying an additional 13,546 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Elbit Systems by 191.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 29,112 shares of the aerospace company’s stock valued at $3,602,000 after buying an additional 19,140 shares in the last quarter. Lenox Wealth Management Inc. raised its stake in shares of Elbit Systems by 28.9% in the 3rd quarter. Lenox Wealth Management Inc. now owns 4,440 shares of the aerospace company’s stock valued at $653,000 after buying an additional 996 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Elbit Systems by 6.5% in the 2nd quarter. Vanguard Group Inc. now owns 526,881 shares of the aerospace company’s stock valued at $65,202,000 after buying an additional 32,258 shares in the last quarter. Institutional investors and hedge funds own 11.26% of the company’s stock.

A number of equities research analysts have commented on the stock. BidaskClub raised shares of Elbit Systems from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 31st. Zacks Investment Research raised shares of Elbit Systems from a “sell” rating to a “hold” rating in a report on Friday, January 19th. Finally, ValuEngine raised shares of Elbit Systems from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $143.00.

Elbit Systems Ltd (NASDAQ:ESLT) opened at $147.66 on Wednesday. The stock has a market cap of $6,375.44, a PE ratio of 24.02 and a beta of 0.75. 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 one year low of $110.12 and a one year high of $153.13.

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About Elbit Systems

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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