GAMMA Investing LLC Grows Stock Position in Bae Systems PLC $BAESY

GAMMA Investing LLC lifted its stake in shares of Bae Systems PLC (OTCMKTS:BAESY) by 25.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,838 shares of the aerospace company’s stock after purchasing an additional 578 shares during the quarter. GAMMA Investing LLC’s holdings in Bae Systems were worth $298,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. First Horizon Advisors Inc. raised its position in Bae Systems by 49.4% in the first quarter. First Horizon Advisors Inc. now owns 620 shares of the aerospace company’s stock worth $51,000 after acquiring an additional 205 shares in the last quarter. Atlas Capital Advisors Inc. raised its position in Bae Systems by 116.9% in the first quarter. Atlas Capital Advisors Inc. now owns 1,900 shares of the aerospace company’s stock worth $156,000 after acquiring an additional 1,024 shares in the last quarter. HighPoint Advisor Group LLC purchased a new position in Bae Systems in the first quarter worth $185,000. Rhumbline Advisers raised its position in Bae Systems by 19.6% in the first quarter. Rhumbline Advisers now owns 5,485 shares of the aerospace company’s stock worth $451,000 after acquiring an additional 897 shares in the last quarter. Finally, RNC Capital Management LLC raised its position in Bae Systems by 2.1% in the first quarter. RNC Capital Management LLC now owns 8,303 shares of the aerospace company’s stock worth $683,000 after acquiring an additional 168 shares in the last quarter. Hedge funds and other institutional investors own 0.21% of the company’s stock.

Bae Systems Trading Up 1.2%

BAESY opened at $108.78 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 0.65. Bae Systems PLC has a 52 week low of $56.19 and a 52 week high of $111.71. The business’s fifty day simple moving average is $99.47 and its 200 day simple moving average is $96.76.

Analysts Set New Price Targets

Several research firms have issued reports on BAESY. Kepler Capital Markets cut Bae Systems from a “hold” rating to a “reduce” rating in a research report on Monday, July 7th. Bank of America upgraded Bae Systems from an “underperform” rating to a “buy” rating in a research report on Tuesday, June 10th. Jefferies Financial Group upgraded Bae Systems from a “hold” rating to a “buy” rating in a research report on Friday, August 1st. Finally, The Goldman Sachs Group began coverage on Bae Systems in a research report on Friday, September 19th. They issued a “buy” rating for the company. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

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.