Amova Asset Management Americas Inc. Sells 1,012 Shares of Elbit Systems Ltd. $ESLT

Amova Asset Management Americas Inc. lessened its holdings in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 4.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 20,528 shares of the aerospace company’s stock after selling 1,012 shares during the period. Amova Asset Management Americas Inc.’s holdings in Elbit Systems were worth $10,445,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Citizens Financial Group Inc. RI acquired a new position in Elbit Systems in the third quarter valued at about $730,000. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Elbit Systems during the 3rd quarter worth about $824,000. JPMorgan Chase & Co. increased its stake in shares of Elbit Systems by 226.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 193,561 shares of the aerospace company’s stock valued at $87,006,000 after acquiring an additional 134,300 shares during the last quarter. Invesco Ltd. raised its position in shares of Elbit Systems by 2.5% in the 2nd quarter. Invesco Ltd. now owns 337,292 shares of the aerospace company’s stock valued at $151,613,000 after acquiring an additional 8,310 shares during the period. Finally, Atlantic Union Bankshares Corp boosted its stake in Elbit Systems by 180,000.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 1,801 shares of the aerospace company’s stock worth $918,000 after acquiring an additional 1,800 shares during the last quarter. Institutional investors and hedge funds own 17.88% of the company’s stock.

Elbit Systems Trading Up 7.5%

Shares of ESLT stock opened at $885.00 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 1.32. The company has a market cap of $39.34 billion, a PE ratio of 89.94, a P/E/G ratio of 2.50 and a beta of 0.22. Elbit Systems Ltd. has a fifty-two week low of $343.00 and a fifty-two week high of $886.27. The stock’s fifty day moving average price is $695.65 and its two-hundred day moving average price is $563.45.

Analyst Ratings Changes

Several equities research analysts have commented on ESLT shares. JPMorgan Chase & Co. upped their target price on shares of Elbit Systems from $530.00 to $580.00 and gave the company a “neutral” rating in a research note on Friday, December 19th. Weiss Ratings restated a “buy (b)” rating on shares of Elbit Systems in a research report on Monday, December 29th. Zacks Research downgraded Elbit Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Morgan Stanley initiated coverage on Elbit Systems in a report on Thursday, December 11th. They issued an “equal weight” rating and a $531.00 price target for the company. Finally, Wall Street Zen raised Elbit Systems from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $550.33.

About Elbit Systems

Elbit Systems Ltd. is an Israel-based defense electronics company that designs, develops and supplies a broad range of systems for military, homeland security and commercial aviation customers. The company focuses on integrated, platform-level solutions that combine sensors, communications, command-and-control software and weapons integration to support intelligence, surveillance and reconnaissance (ISR), force protection and mission management.

Its product and service portfolio spans unmanned aircraft systems, electro-optic and signal intelligence systems, electronic warfare and communications equipment, avionics and mission systems for military and commercial aircraft, and land and naval systems.