ARK Investment Management LLC Has $20.28 Million Stock Position in Elbit Systems Ltd. (NASDAQ:ESLT)

ARK Investment Management LLC reduced its holdings in Elbit Systems Ltd. (NASDAQ:ESLT) by 4.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 78,573 shares of the aerospace company’s stock after selling 3,674 shares during the quarter. ARK Investment Management LLC owned approximately 0.18% of Elbit Systems worth $20,277,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Blue Trust Inc. boosted its stake in shares of Elbit Systems by 7.3% in the 4th quarter. Blue Trust Inc. now owns 987 shares of the aerospace company’s stock valued at $255,000 after purchasing an additional 67 shares during the last quarter. First Trust Direct Indexing L.P. boosted its stake in shares of Elbit Systems by 2.5% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 2,987 shares of the aerospace company’s stock valued at $598,000 after purchasing an additional 72 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Elbit Systems by 0.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 12,402 shares of the aerospace company’s stock valued at $2,482,000 after purchasing an additional 92 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Elbit Systems by 8.8% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,421 shares of the aerospace company’s stock valued at $284,000 after purchasing an additional 115 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Elbit Systems by 3.1% in the 3rd quarter. State Street Corp now owns 4,534 shares of the aerospace company’s stock valued at $907,000 after purchasing an additional 136 shares during the last quarter. 17.88% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Elbit Systems from a “strong-buy” rating to a “buy” rating in a research note on Tuesday.

Elbit Systems Stock Up 0.5 %

Shares of NASDAQ ESLT opened at $299.14 on Wednesday. The firm has a market cap of $13.30 billion, a PE ratio of 51.14 and a beta of 0.53. Elbit Systems Ltd. has a 12-month low of $175.30 and a 12-month high of $313.89. The company’s fifty day simple moving average is $286.68 and its 200 day simple moving average is $242.04. The company has a quick ratio of 0.64, a current ratio of 1.15 and a debt-to-equity ratio of 0.10.

Elbit Systems Company 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.