BAE Systems plc (OTCMKTS:BAESY) Shares Acquired by Atlas Capital Advisors LLC

Atlas Capital Advisors LLC boosted its stake in shares of BAE Systems plc (OTCMKTS:BAESY) by 68.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,044 shares of the aerospace company’s stock after purchasing an additional 1,650 shares during the quarter. Atlas Capital Advisors LLC’s holdings in BAE Systems were worth $270,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Renaissance Group LLC bought a new position in BAE Systems in the 1st quarter worth about $7,239,000. Equitable Trust Co. grew its holdings in BAE Systems by 0.9% in the 1st quarter. Equitable Trust Co. now owns 57,841 shares of the aerospace company’s stock worth $3,944,000 after buying an additional 515 shares in the last quarter. AdvisorShares Investments LLC acquired a new stake in BAE Systems in the 4th quarter valued at approximately $699,000. Confluence Investment Management LLC bought a new stake in BAE Systems during the 2nd quarter valued at $682,000. Finally, GAMMA Investing LLC boosted its position in BAE Systems by 20.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,870 shares of the aerospace company’s stock worth $125,000 after acquiring an additional 322 shares during the period. 0.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. Citigroup upgraded shares of BAE Systems from a “neutral” rating to a “buy” rating in a research report on Monday, July 29th. Bank of America downgraded BAE Systems from a “buy” rating to a “neutral” rating in a research report on Monday, May 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

BAE Systems Stock Performance

BAESY traded down $0.94 during trading on Friday, reaching $71.52. 92,247 shares of the stock traded hands, compared to its average volume of 273,886. BAE Systems plc has a fifty-two week low of $47.81 and a fifty-two week high of $72.81. The stock’s 50-day simple moving average is $66.89 and its two-hundred day simple moving average is $67.54. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.97.

About BAE Systems

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.