Elbit Systems Ltd. (NASDAQ:ESLT) Holdings Lowered by Inspire Advisors LLC

Inspire Advisors LLC lowered its stake in Elbit Systems Ltd. (NASDAQ:ESLT) by 4.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,866 shares of the aerospace company’s stock after selling 143 shares during the quarter. Inspire Advisors LLC’s holdings in Elbit Systems were worth $740,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Coastline Trust Co purchased a new position in shares of Elbit Systems during the third quarter valued at $34,000. Morse Asset Management Inc purchased a new position in Elbit Systems during the 3rd quarter valued at about $40,000. Sierra Ocean LLC acquired a new position in shares of Elbit Systems in the 4th quarter valued at about $41,000. Smartleaf Asset Management LLC lifted its position in shares of Elbit Systems by 196.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 160 shares of the aerospace company’s stock worth $41,000 after purchasing an additional 106 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Elbit Systems in the third quarter worth approximately $63,000. Institutional investors and hedge funds own 17.88% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Elbit Systems from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th.

Elbit Systems Trading Up 1.4 %

NASDAQ ESLT opened at $352.77 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 0.64 and a debt-to-equity ratio of 0.10. Elbit Systems Ltd. has a 1-year low of $175.30 and a 1-year high of $359.08. The firm’s fifty day simple moving average is $301.96 and its 200-day simple moving average is $251.82. The company has a market capitalization of $15.68 billion, a PE ratio of 60.30 and a beta of 0.53.

About Elbit Systems

Elbit Systems Ltd. develops and supplies a portfolio of airborne, land, and naval systems and products for the defense, homeland security, and commercial aviation applications primarily in Israel. The company operates through Aerospace, C4I and Cyber, ISTAR and EW, Land, and Elbit Systems of America segments.