Arrow Capital Pty Ltd Purchases New Holdings in Bae Systems PLC $BAESY

Arrow Capital Pty Ltd acquired a new position in shares of Bae Systems PLC (OTCMKTS:BAESY) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 49,507 shares of the aerospace company’s stock, valued at approximately $5,531,000. Bae Systems accounts for about 0.1% of Arrow Capital Pty Ltd’s portfolio, making the stock its 9th biggest position.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rhumbline Advisers increased its holdings in shares of Bae Systems by 2.9% in the second quarter. Rhumbline Advisers now owns 5,643 shares of the aerospace company’s stock valued at $593,000 after purchasing an additional 158 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Bae Systems by 16.1% during the third quarter. GAMMA Investing LLC now owns 3,294 shares of the aerospace company’s stock worth $368,000 after purchasing an additional 456 shares during the period. Confluence Investment Management LLC lifted its holdings in shares of Bae Systems by 7.0% during the third quarter. Confluence Investment Management LLC now owns 12,215 shares of the aerospace company’s stock worth $1,365,000 after purchasing an additional 802 shares during the period. Salomon & Ludwin LLC grew its position in Bae Systems by 3,150.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 260 shares of the aerospace company’s stock valued at $29,000 after buying an additional 252 shares during the last quarter. Finally, First Merchants Corp grew its position in Bae Systems by 4.8% in the 3rd quarter. First Merchants Corp now owns 65,230 shares of the aerospace company’s stock valued at $7,233,000 after buying an additional 2,978 shares during the last quarter. 0.21% of the stock is currently owned by hedge funds and other institutional investors.

Bae Systems Price Performance

Bae Systems stock opened at $122.19 on Friday. The stock’s 50 day moving average price is $112.05 and its 200 day moving average price is $102.76. Bae Systems PLC has a 1-year low of $76.01 and a 1-year high of $123.70. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.84 and a current ratio of 0.96.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Jefferies Financial Group restated a “hold” rating on shares of Bae Systems in a research report on Wednesday, February 18th. Kepler Capital Markets raised shares of Bae Systems from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Finally, Sanford C. Bernstein lowered shares of Bae Systems from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 6th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bae Systems currently has an average rating of “Moderate Buy”.

Bae Systems Profile

BAE Systems plc is a global defense, security and aerospace company that designs, develops and manufactures a broad range of military and related products and services. Formed in 1999 through the combination of British Aerospace and Marconi Electronic Systems, the company supplies platforms, systems and support across air, land, maritime and cyber domains. Its portfolio spans combat and support aircraft systems, naval shipbuilding and subsystems, armored and land combat solutions, electronic and sensor systems, munitions, and intelligence, surveillance and cybersecurity capabilities.

BAE Systems serves government and military customers worldwide, with particularly large footprints in the United Kingdom and the United States as well as operations and sales across Europe, the Middle East, Australia and other markets.