Varma Mutual Pension Insurance Co Invests $1.35 Million in Elbit Systems Ltd. (NASDAQ:ESLT)

Varma Mutual Pension Insurance Co purchased a new position in shares of Elbit Systems Ltd. (NASDAQ:ESLTGet Rating) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,891 shares of the aerospace company’s stock, valued at approximately $1,351,000.

Several other hedge funds also recently made changes to their positions in the business. CoreCap Advisors LLC bought a new position in shares of Elbit Systems during the 2nd quarter worth approximately $39,000. Deutsche Bank AG grew its stake in shares of Elbit Systems by 13.8% during the 2nd quarter. Deutsche Bank AG now owns 10,430 shares of the aerospace company’s stock worth $2,393,000 after acquiring an additional 1,267 shares in the last quarter. UBS Group AG grew its stake in shares of Elbit Systems by 957.0% in the second quarter. UBS Group AG now owns 30,092 shares of the aerospace company’s stock valued at $6,901,000 after buying an additional 27,245 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Elbit Systems by 13.9% in the second quarter. Bank of Montreal Can now owns 8,274 shares of the aerospace company’s stock valued at $518,000 after buying an additional 1,012 shares in the last quarter. Finally, Mackenzie Financial Corp grew its stake in shares of Elbit Systems by 8.1% in the second quarter. Mackenzie Financial Corp now owns 1,271 shares of the aerospace company’s stock valued at $291,000 after buying an additional 95 shares in the last quarter.

Elbit Systems Stock Up 0.4 %

Shares of NASDAQ:ESLT traded up $0.66 during midday trading on Thursday, hitting $189.18. The stock had a trading volume of 8,278 shares, compared to its average volume of 16,722. Elbit Systems Ltd. has a 12 month low of $144.72 and a 12 month high of $244.80. The company has a quick ratio of 0.75, a current ratio of 1.17 and a debt-to-equity ratio of 0.31. The business’s 50-day simple moving average is $198.39 and its 200-day simple moving average is $208.17. The company has a market cap of $8.37 billion, a P/E ratio of 35.90 and a beta of 0.67.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Elbit Systems from a “buy” rating to a “hold” rating in a research note on Friday, November 11th.

Elbit Systems Profile

(Get Rating)

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 offers military aircraft and helicopter systems; commercial aviation systems and aerostructures; unmanned aircraft systems; electro-optic, night vision, and countermeasures systems; naval systems; land vehicle systems; munitions, such as precision munitions for land, air, and sea applications; command, control, communications, computer, intelligence, surveillance and reconnaissance, and cyber systems; electronic warfare and signal intelligence systems; and other commercial activities.

Further Reading

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

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