Bae Systems (OTCMKTS:BAESY) Coverage Initiated at Erste Group Bank

Investment analysts at Erste Group Bank began coverage on shares of Bae Systems (OTCMKTS:BAESY) in a report issued on Friday. The firm set a “buy” rating on the aerospace company’s stock.

BAESY has been the topic of several other research reports. Jefferies Financial Group upgraded Bae Systems from a “hold” rating to a “buy” rating in a research note on Friday, August 1st. The Goldman Sachs Group assumed coverage on Bae Systems in a research note on Friday, September 19th. They set a “buy” rating on the stock. Bank of America upgraded Bae Systems from an “underperform” rating to a “buy” rating in a research note on Tuesday, June 10th. Finally, Kepler Capital Markets lowered Bae Systems from a “hold” rating to a “reduce” rating in a research note on Monday, July 7th. Five 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Bae Systems Trading Up 0.5%

OTCMKTS:BAESY opened at $111.41 on Friday. Bae Systems has a twelve month low of $56.19 and a twelve month high of $111.96. The stock has a fifty day simple moving average of $100.43 and a 200-day simple moving average of $97.67.

Hedge Funds Weigh In On Bae Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in BAESY. First Horizon Advisors Inc. grew its stake in Bae Systems by 49.4% in the first quarter. First Horizon Advisors Inc. now owns 620 shares of the aerospace company’s stock valued at $51,000 after purchasing an additional 205 shares during the last quarter. Atlas Capital Advisors Inc. grew its stake in shares of Bae Systems by 116.9% during 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 during the last quarter. HighPoint Advisor Group LLC purchased a new stake in shares of Bae Systems during the first quarter worth about $185,000. GAMMA Investing LLC grew its stake in shares of Bae Systems by 26.0% during the first quarter. GAMMA Investing LLC now owns 2,260 shares of the aerospace company’s stock worth $186,000 after acquiring an additional 466 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Bae Systems by 19.6% during 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 during the last quarter. Hedge funds and other institutional investors own 0.21% of the company’s stock.

Bae Systems Company Profile

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.