Elbit Systems Ltd. (NASDAQ:ESLT) Shares Sold by Meitav Investment House Ltd.

Meitav Investment House Ltd. lowered its position in Elbit Systems Ltd. (NASDAQ:ESLT) by 6.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 315,142 shares of the aerospace company’s stock after selling 21,694 shares during the quarter. Elbit Systems accounts for 1.4% of Meitav Investment House Ltd.’s investment portfolio, making the stock its 23rd biggest position. Meitav Investment House Ltd.’s holdings in Elbit Systems were worth $82,345,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ESLT. Sierra Ocean LLC acquired a new position in shares of Elbit Systems during the 4th quarter valued at $41,000. Coastline Trust Co purchased a new position in Elbit Systems in the third quarter valued at about $34,000. Morse Asset Management Inc acquired a new position in shares of Elbit Systems during the third quarter worth about $40,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Elbit Systems in the third quarter worth about $63,000. Finally, Avior Wealth Management LLC grew its stake in shares of Elbit Systems by 49.1% in the third quarter. Avior Wealth Management LLC now owns 480 shares of the aerospace company’s stock valued at $96,000 after buying an additional 158 shares in the last quarter. Hedge funds and other institutional investors own 17.88% of the company’s stock.

Elbit Systems Price Performance

Shares of ESLT stock opened at $300.90 on Thursday. The firm has a fifty day simple moving average of $283.41 and a 200-day simple moving average of $238.50. The company has a market capitalization of $13.38 billion, a PE ratio of 51.44 and a beta of 0.53. Elbit Systems Ltd. has a twelve month low of $175.30 and a twelve month high of $313.89. The company has a current ratio of 1.15, a quick ratio of 0.64 and a debt-to-equity ratio of 0.10.

Analyst Ratings Changes

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

Elbit Systems Profile

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.