Airbus (OTCMKTS:EADSF) Trading Down 0.9% – Here’s Why

Airbus SE (OTCMKTS:EADSF)’s stock price traded down 0.9% during mid-day trading on Friday . The company traded as low as $228.40 and last traded at $231.8240. 869 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 4,910 shares. The stock had previously closed at $234.00.

Airbus Trading Down 0.9%

The firm has a 50-day moving average of $235.67 and a 200 day moving average of $222.13.

Hedge Funds Weigh In On Airbus

A number of institutional investors have recently added to or reduced their stakes in EADSF. Saranac Partners Ltd bought a new stake in Airbus during the third quarter worth $76,000. Norman Fields Gottscho Capital Management LLC grew its position in shares of Airbus by 4.1% in the 3rd quarter. Norman Fields Gottscho Capital Management LLC now owns 3,845 shares of the company’s stock valued at $891,000 after acquiring an additional 150 shares during the period. GAMMA Investing LLC increased its stake in shares of Airbus by 63.8% during the 3rd quarter. GAMMA Investing LLC now owns 506 shares of the company’s stock worth $118,000 after purchasing an additional 197 shares during the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. raised its holdings in shares of Airbus by 33.4% in the 2nd quarter. Generali Investments CEE investicni spolecnost a.s. now owns 29,722 shares of the company’s stock valued at $6,208,000 after purchasing an additional 7,443 shares during the period. 26.91% of the stock is currently owned by institutional investors and hedge funds.

About Airbus

Airbus (OTCMKTS:EADSF) is a European multinational aerospace corporation that designs, manufactures and delivers a broad range of commercial aircraft, helicopters, defense and space systems. The company operates through four main divisions: Commercial Aircraft, Helicopters, Defence and Space, and an integrated digital services unit. Airbus is renowned for its commercial jetliners, with product families including the single-aisle A320 series, wide-body A330, long-range A350 and the super-jumbo A380, serving airlines worldwide.

In its Helicopters division, Airbus produces a range of civil and military rotorcraft, such as the H125, H145 and H225 series, which are used in roles spanning emergency medical services, law enforcement, offshore transport and VIP transport.