Rhumbline Advisers Acquires 1,042 Shares of BAE Systems plc (OTCMKTS:BAESY)

Rhumbline Advisers grew its holdings in BAE Systems plc (OTCMKTS:BAESY) by 29.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,593 shares of the aerospace company’s stock after acquiring an additional 1,042 shares during the quarter. Rhumbline Advisers’ holdings in BAE Systems were worth $307,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BAESY. AdvisorShares Investments LLC bought a new stake in shares of BAE Systems in the fourth quarter valued at about $699,000. GAMMA Investing LLC raised its stake in BAE Systems by 16.4% in the first quarter. GAMMA Investing LLC now owns 1,548 shares of the aerospace company’s stock valued at $107,000 after purchasing an additional 218 shares in the last quarter. Renaissance Group LLC acquired a new position in BAE Systems in the first quarter valued at about $7,239,000. Confluence Investment Management LLC acquired a new position in BAE Systems in the second quarter valued at about $682,000. Finally, Atlas Capital Advisors LLC raised its stake in BAE Systems by 68.9% in the second quarter. Atlas Capital Advisors LLC now owns 4,044 shares of the aerospace company’s stock valued at $270,000 after purchasing an additional 1,650 shares in the last quarter. Institutional investors own 0.21% of the company’s stock.

Analyst Ratings Changes

Separately, Citigroup raised BAE Systems from a “neutral” rating to a “buy” rating in a research note on Monday, July 29th.

BAE Systems Trading Down 0.5 %

BAE Systems stock opened at $66.32 on Friday. The business has a 50 day moving average of $67.91 and a 200-day moving average of $68.20. BAE Systems plc has a 1 year low of $47.81 and a 1 year high of $72.81. The company has a quick ratio of 0.97, a current ratio of 1.08 and a debt-to-equity ratio of 0.41.

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.