Oppenheimer & Co. Inc. Sells 50 Shares of Elbit Systems Ltd. (NASDAQ:ESLT)

Oppenheimer & Co. Inc. lessened its stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 4.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,000 shares of the aerospace company’s stock after selling 50 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Elbit Systems were worth $258,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Y.D. More Investments Ltd raised its position in Elbit Systems by 10.1% in the 4th quarter. Y.D. More Investments Ltd now owns 449,747 shares of the aerospace company’s stock valued at $117,520,000 after purchasing an additional 41,401 shares during the last quarter. Heard Capital LLC raised its position in Elbit Systems by 4.8% in the 3rd quarter. Heard Capital LLC now owns 218,392 shares of the aerospace company’s stock valued at $43,700,000 after purchasing an additional 10,070 shares during the last quarter. JPMorgan Chase & Co. raised its position in Elbit Systems by 12.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 170,703 shares of the aerospace company’s stock valued at $34,158,000 after purchasing an additional 18,614 shares during the last quarter. Swiss National Bank raised its position in Elbit Systems by 0.5% in the 3rd quarter. Swiss National Bank now owns 79,626 shares of the aerospace company’s stock valued at $15,896,000 after purchasing an additional 368 shares during the last quarter. Finally, Systematic Financial Management LP raised its position in Elbit Systems by 12.1% in the 3rd quarter. Systematic Financial Management LP now owns 74,322 shares of the aerospace company’s stock valued at $14,872,000 after purchasing an additional 8,000 shares during the last quarter. Institutional investors own 17.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Elbit Systems from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th.

Elbit Systems Trading Up 0.9 %

Shares of ESLT opened at $357.03 on Friday. The stock has a fifty day moving average price of $298.28 and a two-hundred day moving average price of $249.32. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.64 and a current ratio of 1.15. Elbit Systems Ltd. has a 52-week low of $175.30 and a 52-week high of $359.08. The company has a market cap of $15.87 billion, a price-to-earnings ratio of 61.03 and a beta of 0.53.

About Elbit Systems

Elbit Systems Ltd. develops and supplies a portfolio of airborne, land, and naval systems and products for the defense, homeland security, and commercial aviation applications primarily in Israel. The company operates through Aerospace, C4I and Cyber, ISTAR and EW, Land, and Elbit Systems of America segments.