Elbit Systems Ltd. (NASDAQ:ESLT) Shares Sold by Swiss National Bank

Swiss National Bank reduced its position in Elbit Systems Ltd. (NASDAQ:ESLT) by 6.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,430 shares of the aerospace company’s stock after selling 5,196 shares during the quarter. Swiss National Bank owned approximately 0.17% of Elbit Systems worth $19,416,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ESLT. Oppenheimer & Co. Inc. acquired a new stake in Elbit Systems during the 3rd quarter worth approximately $210,000. West Family Investments Inc. acquired a new stake in shares of Elbit Systems in the third quarter valued at $230,000. Avior Wealth Management LLC boosted its holdings in Elbit Systems by 49.1% in the third quarter. Avior Wealth Management LLC now owns 480 shares of the aerospace company’s stock valued at $96,000 after purchasing an additional 158 shares during the period. Advisors Asset Management Inc. grew its stake in Elbit Systems by 0.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 12,402 shares of the aerospace company’s stock worth $2,482,000 after purchasing an additional 92 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Elbit Systems by 57.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,179 shares of the aerospace company’s stock valued at $436,000 after purchasing an additional 796 shares in the last quarter. 17.88% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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 10.6 %

Shares of NASDAQ:ESLT opened at $408.53 on Wednesday. Elbit Systems Ltd. has a 52 week low of $175.30 and a 52 week high of $416.50. The company’s 50 day moving average is $312.94 and its two-hundred day moving average is $257.80. The company has a market cap of $18.16 billion, a PE ratio of 69.83 and a beta of 0.53. The company has a current ratio of 1.15, a quick ratio of 0.64 and a debt-to-equity ratio of 0.10.

Elbit Systems Company Profile

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.