Elbit Systems Ltd. $ESLT Shares Sold by Semanteon Capital Management LP

Semanteon Capital Management LP trimmed its position in Elbit Systems Ltd. (NASDAQ:ESLT) by 67.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,112 shares of the aerospace company’s stock after selling 2,288 shares during the quarter. Semanteon Capital Management LP’s holdings in Elbit Systems were worth $567,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Royal Bank of Canada raised its position in Elbit Systems by 98.9% during the 1st quarter. Royal Bank of Canada now owns 2,464 shares of the aerospace company’s stock worth $946,000 after buying an additional 1,225 shares during the last quarter. AQR Capital Management LLC acquired a new stake in shares of Elbit Systems in the first quarter worth $353,000. NewEdge Advisors LLC increased its stake in shares of Elbit Systems by 3,461.1% in the first quarter. NewEdge Advisors LLC now owns 641 shares of the aerospace company’s stock worth $246,000 after acquiring an additional 623 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Elbit Systems by 33.7% during the first quarter. Goldman Sachs Group Inc. now owns 135,106 shares of the aerospace company’s stock worth $51,837,000 after purchasing an additional 34,049 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Elbit Systems by 7.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 16,521 shares of the aerospace company’s stock valued at $6,339,000 after purchasing an additional 1,191 shares during the period. Hedge funds and other institutional investors own 17.88% of the company’s stock.

Analysts Set New Price Targets

ESLT has been the topic of several analyst reports. Zacks Research downgraded Elbit Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Elbit Systems in a report on Monday, December 29th. Wall Street Zen raised Elbit Systems from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. JPMorgan Chase & Co. upped their price objective on Elbit Systems from $530.00 to $580.00 and gave the stock a “neutral” rating in a research report on Friday, December 19th. Finally, Morgan Stanley began coverage on shares of Elbit Systems in a report on Thursday, December 11th. They set an “equal weight” rating and a $531.00 target price for the company. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $550.33.

Elbit Systems Stock Performance

Shares of ESLT stock opened at $724.73 on Friday. The company has a current ratio of 1.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. Elbit Systems Ltd. has a 12-month low of $294.99 and a 12-month high of $741.79. The business’s 50 day moving average is $657.11 and its two-hundred day moving average is $544.82. The company has a market capitalization of $32.22 billion, a P/E ratio of 73.65, a P/E/G ratio of 2.20 and a beta of 0.22.

Elbit Systems Profile

Elbit Systems Ltd. is an Israel-based defense electronics company that designs, develops and supplies a broad range of systems for military, homeland security and commercial aviation customers. The company focuses on integrated, platform-level solutions that combine sensors, communications, command-and-control software and weapons integration to support intelligence, surveillance and reconnaissance (ISR), force protection and mission management.

Its product and service portfolio spans unmanned aircraft systems, electro-optic and signal intelligence systems, electronic warfare and communications equipment, avionics and mission systems for military and commercial aircraft, and land and naval systems.