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

BAE Systems (OTCMKTS:BAESY) was downgraded by stock analysts at Berenberg Bank from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

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

BAE Systems Stock Performance

OTCMKTS:BAESY opened at $81.85 on Monday. BAE Systems has a fifty-two week low of $56.19 and a fifty-two week high of $87.44. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.03 and a quick ratio of 0.91. The business has a 50 day moving average price of $64.84 and a 200-day moving average price of $65.61.

Hedge Funds Weigh In On BAE Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sit Investment Associates Inc. raised its holdings in shares of BAE Systems by 4.3% during the fourth quarter. Sit Investment Associates Inc. now owns 55,390 shares of the aerospace company’s stock valued at $3,166,000 after acquiring an additional 2,285 shares in the last quarter. Ramirez Asset Management Inc. raised its holdings in shares of BAE Systems by 3.4% during the fourth quarter. Ramirez Asset Management Inc. now owns 67,760 shares of the aerospace company’s stock valued at $3,899,000 after acquiring an additional 2,211 shares in the last quarter. Altrius Capital Management Inc raised its holdings in shares of BAE Systems by 3.3% during the fourth quarter. Altrius Capital Management Inc now owns 113,168 shares of the aerospace company’s stock valued at $6,469,000 after acquiring an additional 3,662 shares in the last quarter. Nisa Investment Advisors LLC bought a new position in shares of BAE Systems during the fourth quarter valued at approximately $26,000. Finally, Dorsey Wright & Associates raised its holdings in BAE Systems by 11.7% in the third quarter. Dorsey Wright & Associates now owns 56,856 shares of the aerospace company’s stock worth $3,775,000 after purchasing an additional 5,936 shares in the last quarter. Institutional investors own 0.21% of the company’s stock.

About BAE Systems

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.