ETF Managers Group LLC cut its stake in shares of Elbit Systems Ltd (NASDAQ:ESLT) by 2.6% in the 1st quarter, Holdings Channel reports. The firm owned 20,538 shares of the aerospace company’s stock after selling 551 shares during the quarter. ETF Managers Group LLC’s holdings in Elbit Systems were worth $2,649,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently bought and sold shares of ESLT. Penserra Capital Management LLC bought a new position in shares of Elbit Systems during the fourth quarter valued at approximately $26,000. Bremer Trust National Association bought a new position in shares of Elbit Systems during the fourth quarter valued at approximately $30,000. PRW Wealth Management LLC bought a new position in shares of Elbit Systems during the fourth quarter valued at approximately $63,000. Quadrant Capital Group LLC bought a new position in shares of Elbit Systems during the fourth quarter valued at approximately $83,000. Finally, SG Americas Securities LLC grew its holdings in shares of Elbit Systems by 54.8% during the fourth quarter. SG Americas Securities LLC now owns 1,238 shares of the aerospace company’s stock valued at $141,000 after purchasing an additional 438 shares during the last quarter. 8.02% of the stock is owned by institutional investors.
Separately, BidaskClub lowered Elbit Systems from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 22nd.
NASDAQ:ESLT opened at $138.00 on Monday. The company has a market cap of $5.90 billion, a PE ratio of 22.37 and a beta of 0.87. Elbit Systems Ltd has a 52 week low of $109.81 and a 52 week high of $146.50. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.73.
Elbit Systems (NASDAQ:ESLT) last posted its earnings results on Tuesday, March 19th. The aerospace company reported $1.91 EPS for the quarter. The company had revenue of $1.08 billion during the quarter. Elbit Systems had a return on equity of 14.47% and a net margin of 5.61%.
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Elbit Systems 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; command, control, communications, computer, and intelligence systems; electronic warfare and signal intelligence systems; and commercial cyber security products.
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