Magnetar Financial LLC Boosts Stake in Elbit Systems Ltd. $ESLT

Magnetar Financial LLC boosted its stake in Elbit Systems Ltd. (NASDAQ:ESLT) by 56.8% in the 3rd quarter, Holdings Channel reports. The firm owned 15,941 shares of the aerospace company’s stock after purchasing an additional 5,777 shares during the period. Magnetar Financial LLC’s holdings in Elbit Systems were worth $8,127,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its stake in Elbit Systems by 98.9% during the first quarter. Royal Bank of Canada now owns 2,464 shares of the aerospace company’s stock worth $946,000 after purchasing an additional 1,225 shares in the last quarter. AQR Capital Management LLC acquired a new stake in shares of Elbit Systems in the first quarter valued at $353,000. NewEdge Advisors LLC raised its holdings in shares of Elbit Systems by 3,461.1% in the 1st quarter. NewEdge Advisors LLC now owns 641 shares of the aerospace company’s stock valued at $246,000 after buying an additional 623 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Elbit Systems by 33.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 135,106 shares of the aerospace company’s stock valued at $51,837,000 after buying an additional 34,049 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Elbit Systems by 7.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 16,521 shares of the aerospace company’s stock worth $6,339,000 after acquiring an additional 1,191 shares in the last quarter. Hedge funds and other institutional investors own 17.88% of the company’s stock.

Elbit Systems Stock Down 2.8%

Shares of NASDAQ ESLT opened at $877.12 on Wednesday. The stock has a market cap of $38.99 billion, a P/E ratio of 89.14, a PEG ratio of 2.74 and a beta of 0.22. The business’s fifty day simple moving average is $721.51 and its 200-day simple moving average is $576.65. Elbit Systems Ltd. has a 12-month low of $343.03 and a 12-month high of $960.00. The company has a current ratio of 1.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ESLT shares. Weiss Ratings restated a “buy (b)” rating on shares of Elbit Systems in a report on Monday, December 29th. Wall Street Zen upgraded shares of Elbit Systems from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. JPMorgan Chase & Co. increased their price target on shares of Elbit Systems from $530.00 to $580.00 and gave the stock a “neutral” rating in a research report on Friday, December 19th. Zacks Research lowered shares of Elbit Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Finally, Morgan Stanley assumed coverage on shares of Elbit Systems in a report on Thursday, December 11th. They issued an “equal weight” rating and a $531.00 price objective for the company. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Elbit Systems presently has an average rating of “Hold” and a consensus target price of $550.33.

Elbit Systems Profile

Elbit Systems Ltd. is an Israel-based defense electronics company that designs, develops and supplies a broad range of systems for military, homeland security and commercial aviation customers. The company focuses on integrated, platform-level solutions that combine sensors, communications, command-and-control software and weapons integration to support intelligence, surveillance and reconnaissance (ISR), force protection and mission management.

Its product and service portfolio spans unmanned aircraft systems, electro-optic and signal intelligence systems, electronic warfare and communications equipment, avionics and mission systems for military and commercial aircraft, and land and naval systems.