Sierra Ocean LLC Takes $41,000 Position in Elbit Systems Ltd. (NASDAQ:ESLT)

Sierra Ocean LLC acquired a new stake in Elbit Systems Ltd. (NASDAQ:ESLT) during the 4th quarter, Holdings Channel.com reports. The fund acquired 157 shares of the aerospace company’s stock, valued at approximately $41,000.

Other large investors have also recently made changes to their positions in the company. Coastline Trust Co acquired a new position in shares of Elbit Systems in the 3rd quarter valued at $34,000. Morse Asset Management Inc acquired a new position in shares of Elbit Systems in the 3rd quarter valued at $40,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Elbit Systems in the 3rd quarter valued at $63,000. Avior Wealth Management LLC lifted its stake in shares of Elbit Systems by 49.1% in the 3rd quarter. Avior Wealth Management LLC now owns 480 shares of the aerospace company’s stock valued at $96,000 after purchasing an additional 158 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of Elbit Systems by 461.0% in the 3rd quarter. Blue Trust Inc. now owns 920 shares of the aerospace company’s stock valued at $184,000 after purchasing an additional 756 shares during the period. 17.88% of the stock is currently owned by institutional investors and hedge funds.

Elbit Systems Stock Performance

NASDAQ:ESLT opened at $296.98 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.64 and a current ratio of 1.15. The company has a fifty day moving average of $281.42 and a two-hundred day moving average of $237.24. The stock has a market capitalization of $13.20 billion, a PE ratio of 50.77 and a beta of 0.53. Elbit Systems Ltd. has a fifty-two week low of $175.30 and a fifty-two week high of $313.89.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Elbit Systems from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 20th.

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.