Shares of BAE Systems plc (OTCMKTS:BAESF – Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $24.81 and traded as high as $28.20. BAE Systems shares last traded at $26.96, with a volume of 37,075 shares traded.
BAE Systems Stock Performance
The business has a fifty day moving average of $24.44 and a 200 day moving average of $24.81.
Hedge Funds Weigh In On BAE Systems
An institutional investor recently bought a new position in BAE Systems stock. Saranac Partners Ltd acquired a new position in BAE Systems plc (OTCMKTS:BAESF – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 259,233 shares of the company’s stock, valued at approximately $7,160,000. BAE Systems accounts for 1.3% of Saranac Partners Ltd’s holdings, making the stock its 17th largest holding. Hedge funds and other institutional investors own 40.72% of the company’s stock.
About BAE Systems
BAE Systems PLC is a British multinational defence, security and aerospace company formed in 1999 through the merger of British Aerospace and Marconi Electronic Systems. Headquartered in London, the company operates across the full lifecycle of military and security platforms, from concept and design through production, in-service support and upgrades. BAE Systems is recognized for delivering advanced technology solutions to governments and prime contractors around the world.
In its aerospace segment, BAE Systems designs and manufactures combat aircraft, electronic warfare systems and unmanned aerial vehicles.
Further Reading
- Five stocks we like better than BAE Systems
- Do not delete, read immediately
- NEW LAW: Congress Approves Setup For Digital Dollar?
- “Fed Proof” Your Bank Account with THESE 4 Simple Steps
- A U.S. “birthright” claim worth trillions – activated quietly
- The Crash Has Already Started (Most Just Don’t See It Yet)
Receive News & Ratings for BAE Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BAE Systems and related companies with MarketBeat.com's FREE daily email newsletter.
