BAE Systems (OTCMKTS:BAESY) Cut to Hold at Berenberg Bank

Berenberg Bank cut shares of BAE Systems (OTCMKTS:BAESY) from a strong-buy rating to a hold rating in a report issued on Monday morning,Zacks.com reports.

Separately, Bank of America restated an “underperform” rating on shares of BAE Systems in a research report on Friday, November 29th.

BAE Systems Trading Up 3.1 %

Shares of BAE Systems stock opened at $84.37 on Monday. BAE Systems has a 1 year low of $56.19 and a 1 year high of $87.44. The company’s fifty day simple moving average is $65.38 and its 200-day simple moving average is $65.74. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.91 and a current ratio of 1.03.

Institutional Trading of BAE Systems

Hedge funds have recently modified their holdings of the company. Nisa Investment Advisors LLC bought a new stake in shares of BAE Systems during the fourth quarter valued at approximately $26,000. Ramirez Asset Management Inc. increased its holdings in BAE Systems by 3.4% in the 4th quarter. Ramirez Asset Management Inc. now owns 67,760 shares of the aerospace company’s stock valued at $3,899,000 after buying an additional 2,211 shares during the period. Sit Investment Associates Inc. increased its holdings in BAE Systems by 4.3% in the 4th quarter. Sit Investment Associates Inc. now owns 55,390 shares of the aerospace company’s stock valued at $3,166,000 after buying an additional 2,285 shares during the period. Altrius Capital Management Inc raised its stake in shares of BAE Systems by 2.3% in the 3rd quarter. Altrius Capital Management Inc now owns 109,506 shares of the aerospace company’s stock valued at $7,266,000 after buying an additional 2,470 shares in the last quarter. Finally, Dorsey Wright & Associates lifted its holdings in shares of BAE Systems by 11.7% during the 3rd quarter. Dorsey Wright & Associates now owns 56,856 shares of the aerospace company’s stock worth $3,775,000 after acquiring an additional 5,936 shares during the period. Institutional investors own 0.21% of the company’s stock.

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.