Bae Systems PLC $BAESY Shares Purchased by Ramirez Asset Management Inc.

Ramirez Asset Management Inc. lifted its position in Bae Systems PLC (OTCMKTS:BAESY) by 2.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,509 shares of the aerospace company’s stock after purchasing an additional 1,954 shares during the period. Bae Systems comprises about 1.1% of Ramirez Asset Management Inc.’s portfolio, making the stock its 23rd biggest holding. Ramirez Asset Management Inc.’s holdings in Bae Systems were worth $7,084,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. increased its holdings in Bae Systems by 49.4% in the 1st 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. grew its position in shares of Bae Systems by 116.9% during the first quarter. Atlas Capital Advisors Inc. now owns 1,900 shares of the aerospace company’s stock worth $156,000 after acquiring an additional 1,024 shares during the last quarter. HighPoint Advisor Group LLC acquired a new position in shares of Bae Systems during the 1st quarter worth $185,000. GAMMA Investing LLC increased its position in Bae Systems by 26.0% during the 1st quarter. GAMMA Investing LLC now owns 2,260 shares of the aerospace company’s stock worth $186,000 after purchasing an additional 466 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Bae Systems by 19.6% during the 1st quarter. Rhumbline Advisers now owns 5,485 shares of the aerospace company’s stock valued at $451,000 after acquiring an additional 897 shares during the last quarter. Hedge funds and other institutional investors own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

BAESY has been the subject of a number of research reports. Erste Group Bank initiated coverage on Bae Systems in a report on Friday, October 3rd. They set a “buy” rating for the company. Jefferies Financial Group raised Bae Systems from a “hold” rating to a “buy” rating in a report on Friday, August 1st. The Goldman Sachs Group assumed coverage on Bae Systems in a research note on Friday, September 19th. They issued a “buy” rating for the company. Finally, Kepler Capital Markets lowered Bae Systems from a “hold” rating to a “reduce” rating in a report on Monday, July 7th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Bae Systems Trading Down 1.6%

BAESY opened at $107.57 on Friday. The business’s 50-day simple moving average is $101.40 and its 200 day simple moving average is $98.25. Bae Systems PLC has a 52-week low of $56.19 and a 52-week high of $111.96.

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.