BAE Systems (OTCMKTS:BAESY) Rating Lowered to Hold at Berenberg Bank

BAE Systems (OTCMKTS:BAESY) was downgraded by equities research analysts at Berenberg Bank from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Separately, Bank of America reissued an “underperform” rating on shares of BAE Systems in a report on Friday, November 29th.

BAE Systems Stock Performance

Shares of OTCMKTS BAESY opened at $81.85 on Monday. BAE Systems has a 12 month low of $56.19 and a 12 month high of $87.44. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.03 and a quick ratio of 0.91. The business has a 50-day moving average of $64.84 and a 200-day moving average of $65.61.

Institutional Trading of BAE Systems

Hedge funds and other institutional investors have recently bought and sold shares of the company. Principal Street Partners LLC boosted its stake in BAE Systems by 99.0% in the third quarter. Principal Street Partners LLC now owns 17,628 shares of the aerospace company’s stock worth $1,178,000 after buying an additional 8,769 shares in the last quarter. Altrius Capital Management Inc boosted its stake in BAE Systems by 3.3% in the fourth quarter. Altrius Capital Management Inc now owns 113,168 shares of the aerospace company’s stock worth $6,469,000 after buying an additional 3,662 shares in the last quarter. Nisa Investment Advisors LLC purchased a new stake in BAE Systems in the fourth quarter worth approximately $26,000. Dorsey Wright & Associates boosted its stake in BAE Systems by 11.7% in the third quarter. Dorsey Wright & Associates now owns 56,856 shares of the aerospace company’s stock worth $3,775,000 after buying an additional 5,936 shares in the last quarter. Finally, Sit Investment Associates Inc. boosted its stake in BAE Systems by 4.3% in the fourth quarter. Sit Investment Associates Inc. now owns 55,390 shares of the aerospace company’s stock worth $3,166,000 after buying an additional 2,285 shares in the last quarter. Hedge funds and other institutional investors own 0.21% of the company’s stock.

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.