Elbit Systems Ltd. (ESLT) Stake Increased by Credit Suisse AG
Credit Suisse AG raised its stake in Elbit Systems Ltd. (NASDAQ:ESLT) by 0.0% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,071 shares of the aerospace company’s stock after buying an additional 2 shares during the period. Credit Suisse AG’s holdings in Elbit Systems were worth $1,827,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new stake in Elbit Systems during the fourth quarter valued at approximately $314,000. Creative Planning boosted its stake in 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 in the last quarter. Westbourne Investment Advisors Inc. acquired a new stake in Elbit Systems during the first quarter valued at approximately $202,000. Bartlett & Co. LLC acquired a new stake in Elbit Systems during the first quarter valued at approximately $114,000. Finally, Wetherby Asset Management Inc. acquired a new stake in Elbit Systems during the first quarter valued at approximately $214,000. 10.85% of the stock is owned by institutional investors and hedge funds.
Shares of Elbit Systems Ltd. (ESLT) traded down 0.12% on Friday, reaching $127.06. The company’s stock had a trading volume of 9,593 shares. The company has a market cap of $5.43 billion, a P/E ratio of 23.59 and a beta of 0.62. Elbit Systems Ltd. has a 12-month low of $91.20 and a 12-month high of $132.54. The company’s 50 day moving average price is $125.57 and its 200 day moving average price is $119.81.
Elbit Systems (NASDAQ:ESLT) last posted its earnings results on Tuesday, May 16th. The aerospace company reported $1.21 earnings per share for the quarter. Elbit Systems had a return on equity of 16.45% and a net margin of 7.00%. The firm had revenue of $749.19 million for the quarter. Analysts forecast that Elbit Systems Ltd. will post $6.20 EPS for the current fiscal year.
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Several research analysts have issued reports on ESLT shares. Chardan Capital started coverage on Elbit Systems in a report on Friday, May 5th. They issued a “neutral” rating and a $110.00 price target on the stock. BidaskClub upgraded Elbit Systems from a “buy” rating to a “strong-buy” rating in a report on Friday, June 9th.
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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