Bae Systems’ (BAESY) “Reduce” Rating Reiterated at Kepler Capital Markets

Bae Systems (OTCMKTS:BAESY)‘s stock had its “reduce” rating reiterated by equities researchers at Kepler Capital Markets in a report issued on Monday, MarketBeat reports.

A number of other brokerages have also commented on BAESY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Bae Systems in a report on Monday, April 28th. Bank of America upgraded Bae Systems from an “underperform” rating to a “buy” rating in a research note on Tuesday, June 10th. Finally, Berenberg Bank downgraded Bae Systems from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Bae Systems Stock Up 1.2%

Shares of OTCMKTS BAESY opened at $103.50 on Monday. The company has a fifty day moving average price of $100.12 and a 200 day moving average price of $82.04. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 0.65. Bae Systems has a 1-year low of $56.19 and a 1-year high of $109.82.

Hedge Funds Weigh In On Bae Systems

Large investors have recently modified their holdings of the business. First Horizon Advisors Inc. raised its holdings in Bae Systems by 49.4% during the first quarter. First Horizon Advisors Inc. now owns 620 shares of the aerospace company’s stock worth $51,000 after acquiring an additional 205 shares in the last quarter. Atlas Capital Advisors Inc. raised its stake in shares of Bae Systems by 116.9% during the 1st quarter. Atlas Capital Advisors Inc. now owns 1,900 shares of the aerospace company’s stock worth $156,000 after purchasing an additional 1,024 shares in the last quarter. HighPoint Advisor Group LLC bought a new stake in shares of Bae Systems during the 1st quarter worth approximately $185,000. GAMMA Investing LLC boosted its holdings in shares of Bae Systems by 26.0% in the 1st quarter. GAMMA Investing LLC now owns 2,260 shares of the aerospace company’s stock valued at $186,000 after buying an additional 466 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Bae Systems by 19.6% in the first quarter. Rhumbline Advisers now owns 5,485 shares of the aerospace company’s stock valued at $451,000 after buying an additional 897 shares in the last quarter. 0.21% of the stock is currently owned by institutional investors and hedge funds.

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.