West Family Investments Inc. Buys New Position in Elbit Systems Ltd. (NASDAQ:ESLT)

West Family Investments Inc. bought a new position in Elbit Systems Ltd. (NASDAQ:ESLT) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,150 shares of the aerospace company’s stock, valued at approximately $230,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its position in shares of Elbit Systems by 368.6% during the 2nd quarter. Blue Trust Inc. now owns 164 shares of the aerospace company’s stock worth $29,000 after buying an additional 129 shares during the period. Coastline Trust Co bought a new position in Elbit Systems during the third quarter worth $34,000. Point72 DIFC Ltd bought a new position in Elbit Systems during the second quarter worth $35,000. Mitsubishi UFJ Trust & Banking Corp increased its stake in Elbit Systems by 56.8% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 232 shares of the aerospace company’s stock valued at $49,000 after purchasing an additional 84 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Elbit Systems in the second quarter valued at $143,000. 17.88% of the stock is owned by institutional investors and hedge funds.

Elbit Systems Trading Up 6.2 %

Shares of Elbit Systems stock opened at $249.61 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.63 and a current ratio of 1.13. Elbit Systems Ltd. has a 52 week low of $175.30 and a 52 week high of $252.50. The stock has a 50 day moving average price of $212.97 and a two-hundred day moving average price of $198.60. The stock has a market capitalization of $11.10 billion, a PE ratio of 45.88 and a beta of 0.51.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Elbit Systems from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 12th.

Elbit Systems Company Profile

Elbit Systems Ltd. develops and supplies a portfolio of airborne, land, and naval systems and products for the defense, homeland security, and commercial aviation applications primarily in Israel. The company operates through Aerospace, C4I and Cyber, ISTAR and EW, Land, and Elbit Systems of America segments.