Lenox Wealth Management Inc. Lowers Holdings in Elbit Systems Ltd (NASDAQ:ESLT)

Lenox Wealth Management Inc. trimmed its holdings in Elbit Systems Ltd (NASDAQ:ESLT) by 3.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,590 shares of the aerospace company’s stock after selling 192 shares during the period. Lenox Wealth Management Inc.’s holdings in Elbit Systems were worth $921,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in ESLT. KCS Wealth Advisory purchased a new position in shares of Elbit Systems in the third quarter valued at about $25,000. Contravisory Investment Management Inc. purchased a new position in shares of Elbit Systems in the second quarter valued at about $53,000. Tower Research Capital LLC TRC purchased a new position in shares of Elbit Systems in the second quarter valued at about $53,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Elbit Systems in the third quarter valued at about $82,000. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of Elbit Systems by 108.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 1,147 shares of the aerospace company’s stock valued at $171,000 after acquiring an additional 597 shares in the last quarter. Institutional investors and hedge funds own 8.45% of the company’s stock.

NASDAQ ESLT traded up $0.04 during trading hours on Friday, hitting $164.54. 4,800 shares of the company were exchanged, compared to its average volume of 11,780. The stock has a 50-day moving average price of $163.45 and a 200 day moving average price of $154.10. The company has a quick ratio of 0.73, a current ratio of 1.15 and a debt-to-equity ratio of 0.21. The stock has a market cap of $7.02 billion, a PE ratio of 25.12 and a beta of 0.87. Elbit Systems Ltd has a 52 week low of $109.81 and a 52 week high of $166.77.

Elbit Systems (NASDAQ:ESLT) last posted its earnings results on Thursday, August 15th. The aerospace company reported $1.46 earnings per share for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.04). The company had revenue of $1.06 billion for the quarter. Elbit Systems had a return on equity of 14.52% and a net margin of 4.18%.

ESLT has been the topic of several research reports. Standpoint Research cut Elbit Systems from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. BidaskClub cut Elbit Systems from a “buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Finally, ValuEngine cut Elbit Systems from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd.

Elbit Systems Company 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; munitions; command, control, communications, computer, intelligence, surveillance, and reconnaissance and cyber systems; electronic warfare and signal intelligence systems; and commercial cyber security products.

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Institutional Ownership by Quarter for Elbit Systems (NASDAQ:ESLT)

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