Magnetar Financial LLC Increases Holdings in Elbit Systems Ltd. $ESLT

Magnetar Financial LLC boosted its stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 56.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,941 shares of the aerospace company’s stock after buying an additional 5,777 shares during the period. Magnetar Financial LLC’s holdings in Elbit Systems were worth $8,127,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. SteelPeak Wealth LLC raised its holdings in shares of Elbit Systems by 1.1% during the 3rd quarter. SteelPeak Wealth LLC now owns 1,864 shares of the aerospace company’s stock worth $950,000 after acquiring an additional 21 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Elbit Systems by 2.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,193 shares of the aerospace company’s stock valued at $608,000 after purchasing an additional 29 shares during the period. SBI Securities Co. Ltd. increased its position in Elbit Systems by 20.9% during the second quarter. SBI Securities Co. Ltd. now owns 185 shares of the aerospace company’s stock worth $83,000 after purchasing an additional 32 shares during the last quarter. West Family Investments Inc. increased its position in Elbit Systems by 2.9% during the third quarter. West Family Investments Inc. now owns 1,136 shares of the aerospace company’s stock worth $579,000 after purchasing an additional 32 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in Elbit Systems by 24.4% during the third quarter. Smartleaf Asset Management LLC now owns 194 shares of the aerospace company’s stock worth $97,000 after purchasing an additional 38 shares during the period. 17.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ESLT shares. JPMorgan Chase & Co. boosted their target price on shares of Elbit Systems from $530.00 to $580.00 and gave the company a “neutral” rating in a report on Friday, December 19th. Zacks Research downgraded shares of Elbit Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Morgan Stanley started coverage on shares of Elbit Systems in a research report on Thursday, December 11th. They set an “equal weight” rating and a $531.00 price target on the stock. Wall Street Zen upgraded Elbit Systems from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Elbit Systems in a research report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $550.33.

Elbit Systems Stock Down 2.8%

Shares of ESLT opened at $877.12 on Wednesday. The company’s 50-day moving average price is $721.51 and its 200 day moving average price is $576.65. Elbit Systems Ltd. has a 12-month low of $343.03 and a 12-month high of $960.00. The company has a current ratio of 1.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. The firm has a market cap of $38.99 billion, a P/E ratio of 89.14, a price-to-earnings-growth ratio of 2.74 and a beta of 0.22.

About Elbit Systems

Elbit Systems Ltd. is an Israel-based defense electronics company that designs, develops and supplies a broad range of systems for military, homeland security and commercial aviation customers. The company focuses on integrated, platform-level solutions that combine sensors, communications, command-and-control software and weapons integration to support intelligence, surveillance and reconnaissance (ISR), force protection and mission management.

Its product and service portfolio spans unmanned aircraft systems, electro-optic and signal intelligence systems, electronic warfare and communications equipment, avionics and mission systems for military and commercial aircraft, and land and naval systems.