Lenox Wealth Management Inc. Decreases Position in Elbit Systems Ltd (NASDAQ:ESLT)

Lenox Wealth Management Inc. cut its stake in Elbit Systems Ltd (NASDAQ:ESLT) by 3.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 5,590 shares of the aerospace company’s stock after selling 192 shares during the quarter. Lenox Wealth Management Inc.’s holdings in Elbit Systems were worth $921,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ESLT. KCS Wealth Advisory purchased a new position in Elbit Systems in the 3rd quarter valued at about $25,000. Contravisory Investment Management Inc. acquired a new stake in Elbit Systems in the 2nd quarter valued at about $53,000. Tower Research Capital LLC TRC acquired a new stake in Elbit Systems in the 2nd quarter valued at about $53,000. Steward Partners Investment Advisory LLC acquired a new stake in Elbit Systems in the 3rd quarter valued at about $82,000. Finally, DekaBank Deutsche Girozentrale raised its holdings in Elbit Systems by 108.5% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,147 shares of the aerospace company’s stock valued at $171,000 after acquiring an additional 597 shares during the last quarter. 8.45% of the stock is currently owned by hedge funds and other institutional investors.

ESLT stock traded up $0.04 during mid-day trading on Friday, reaching $164.54. The company’s stock had a trading volume of 4,800 shares, compared to its average volume of 11,780. Elbit Systems Ltd has a fifty-two week low of $109.81 and a fifty-two week high of $166.77. The company has a current ratio of 1.15, a quick ratio of 0.73 and a debt-to-equity ratio of 0.21. The company’s 50 day moving average is $163.45 and its two-hundred day moving average is $154.10. The stock has a market cap of $7.02 billion, a PE ratio of 25.12 and a beta of 0.87.

Elbit Systems (NASDAQ:ESLT) last posted its earnings results on Thursday, August 15th. The aerospace company reported $1.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.50 by ($0.04). Elbit Systems had a net margin of 4.18% and a return on equity of 14.52%. The company had revenue of $1.06 billion during the quarter.

ESLT has been the subject of a number of recent research reports. Standpoint Research downgraded shares of Elbit Systems from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. ValuEngine downgraded shares of Elbit Systems from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Finally, BidaskClub downgraded shares of Elbit Systems from a “buy” rating to a “hold” rating in a report on Tuesday, October 22nd.

Elbit Systems Company Profile

Elbit Systems Ltd. develops and supplies a range of airborne, land, and naval systems and products for defense, homeland security, and commercial aviation applications worldwide. The company offers military aircraft and helicopter systems; commercial aviation systems and aero structures; unmanned aircraft systems and unmanned surface vessels; electro-optic and countermeasures systems; land vehicle systems; munitions; command, control, communications, computer, intelligence, surveillance, and reconnaissance and cyber systems; electronic warfare and signal intelligence systems; and commercial cyber security products.

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Institutional Ownership by Quarter for Elbit Systems (NASDAQ:ESLT)

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