BAE Systems plc (OTCMKTS:BAESY) Shares Sold by Altrius Capital Management Inc

Altrius Capital Management Inc decreased its stake in shares of BAE Systems plc (OTCMKTS:BAESY) by 27.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,036 shares of the aerospace company’s stock after selling 39,549 shares during the quarter. BAE Systems comprises 1.9% of Altrius Capital Management Inc’s holdings, making the stock its 19th biggest position. Altrius Capital Management Inc’s holdings in BAE Systems were worth $7,155,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in BAESY. AdvisorShares Investments LLC acquired a new position in shares of BAE Systems in the fourth quarter valued at about $699,000. GAMMA Investing LLC raised its position in BAE Systems by 16.4% during the 1st quarter. GAMMA Investing LLC now owns 1,548 shares of the aerospace company’s stock worth $107,000 after buying an additional 218 shares during the last quarter. Equitable Trust Co. lifted its stake in BAE Systems by 0.9% during the 1st quarter. Equitable Trust Co. now owns 57,841 shares of the aerospace company’s stock valued at $3,944,000 after acquiring an additional 515 shares during the period. Renaissance Group LLC purchased a new stake in shares of BAE Systems in the 1st quarter valued at $7,239,000. Finally, Confluence Investment Management LLC acquired a new stake in shares of BAE Systems in the second quarter worth $682,000. Hedge funds and other institutional investors own 0.21% of the company’s stock.

BAE Systems Stock Performance

BAE Systems stock opened at $67.30 on Thursday. BAE Systems plc has a 12 month low of $47.81 and a 12 month high of $72.81. The stock’s 50 day simple moving average is $67.74 and its two-hundred day simple moving average is $68.13. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.97 and a current ratio of 1.08.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised shares of BAE Systems from a “neutral” rating to a “buy” rating in a report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

BAE Systems Company Profile

BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Platforms & Services, Air, Maritime, and Cyber & Intelligence. The Electronic Systems segment offers electronic warfare systems, navigation systems, electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance capabilities, space electronics, and electric drive propulsion systems.