First Allied Advisory Services Inc. Boosts Position in Elbit Systems Ltd (NASDAQ:ESLT)

First Allied Advisory Services Inc. boosted its position in shares of Elbit Systems Ltd (NASDAQ:ESLT) by 1.1% in the third quarter, Holdings Channel reports. The fund owned 10,718 shares of the aerospace company’s stock after purchasing an additional 116 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Elbit Systems were worth $1,767,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Janus Henderson Group PLC increased its position in Elbit Systems by 521.6% in the second quarter. Janus Henderson Group PLC now owns 34,268 shares of the aerospace company’s stock worth $5,101,000 after buying an additional 28,755 shares in the last quarter. Bfsg LLC purchased a new stake in Elbit Systems in the third quarter worth about $4,047,000. Fisher Asset Management LLC purchased a new stake in Elbit Systems in the third quarter worth about $2,400,000. Vanguard Group Inc. increased its position in Elbit Systems by 2.4% in the second quarter. Vanguard Group Inc. now owns 619,310 shares of the aerospace company’s stock worth $92,592,000 after buying an additional 14,355 shares in the last quarter. Finally, Bridger Capital Management LLC purchased a new stake in Elbit Systems in the second quarter worth about $2,155,000. Institutional investors own 8.44% of the company’s stock.

ESLT has been the subject of a number of analyst reports. ValuEngine upgraded Elbit Systems from a “sell” rating to a “hold” rating in a research report on Thursday. Standpoint Research cut Elbit Systems from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Finally, BidaskClub cut Elbit Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, October 22nd.

Shares of NASDAQ:ESLT traded up $1.20 during trading on Friday, hitting $165.36. 10,000 shares of the company’s stock were exchanged, compared to its average volume of 8,844. The company has a market cap of $6.96 billion, a price-to-earnings ratio of 24.88 and a beta of 0.87. Elbit Systems Ltd has a 52-week low of $109.81 and a 52-week high of $166.77. The business’s 50-day simple moving average is $163.59 and its 200 day simple moving average is $154.86. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.15 and a quick ratio of 0.73.

Elbit Systems (NASDAQ:ESLT) last posted its quarterly earnings data on Thursday, August 15th. The aerospace company reported $1.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.50 by ($0.04). The company had revenue of $1.06 billion during the quarter. Elbit Systems had a net margin of 4.18% and a return on equity of 14.52%.

Elbit Systems Company Profile

Elbit Systems Ltd. develops and supplies a range of airborne, land, and naval systems and products for defense, homeland security, and commercial aviation applications worldwide. The company offers military aircraft and helicopter systems; commercial aviation systems and aero structures; unmanned aircraft systems and unmanned surface vessels; electro-optic and countermeasures systems; land vehicle systems; munitions; command, control, communications, computer, intelligence, surveillance, and reconnaissance and cyber systems; electronic warfare and signal intelligence systems; and commercial cyber security products.

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Institutional Ownership by Quarter for Elbit Systems (NASDAQ:ESLT)

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