Meritage Portfolio Management Sells 4,592 Shares of BAE Systems plc (OTCMKTS:BAESY)

Meritage Portfolio Management cut its stake in BAE Systems plc (OTCMKTS:BAESY) by 6.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 63,107 shares of the aerospace company’s stock after selling 4,592 shares during the period. Meritage Portfolio Management’s holdings in BAE Systems were worth $3,607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of BAESY. Nisa Investment Advisors LLC acquired a new stake in BAE Systems in the 4th quarter valued at about $26,000. Dorsey Wright & Associates lifted its position in BAE Systems by 11.7% during the 3rd quarter. Dorsey Wright & Associates now owns 56,856 shares of the aerospace company’s stock worth $3,775,000 after buying an additional 5,936 shares in the last quarter. Principal Street Partners LLC increased its holdings in BAE Systems by 99.0% during the third quarter. Principal Street Partners LLC now owns 17,628 shares of the aerospace company’s stock worth $1,178,000 after buying an additional 8,769 shares during the last quarter. Finally, Altrius Capital Management Inc boosted its stake in shares of BAE Systems by 2.3% during the 3rd quarter. Altrius Capital Management Inc now owns 109,506 shares of the aerospace company’s stock worth $7,266,000 after acquiring an additional 2,470 shares during the period. 0.21% of the stock is currently owned by institutional investors and hedge funds.

BAE Systems Stock Up 0.5 %

Shares of BAESY opened at $60.72 on Thursday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.91 and a current ratio of 1.03. BAE Systems plc has a fifty-two week low of $56.19 and a fifty-two week high of $72.81. The firm has a 50 day moving average price of $60.05 and a 200-day moving average price of $65.05.

Analyst Upgrades and Downgrades

Separately, Bank of America reaffirmed an “underperform” rating on shares of BAE Systems in a research note on Friday, November 29th.

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.