Elbit Systems Ltd. $ESLT Shares Bought by Pinpoint Asset Management Singapore Pte. Ltd.

Pinpoint Asset Management Singapore Pte. Ltd. grew its position in Elbit Systems Ltd. (NASDAQ:ESLT) by 296.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,970 shares of the aerospace company’s stock after buying an additional 5,210 shares during the period. Elbit Systems accounts for approximately 0.7% of Pinpoint Asset Management Singapore Pte. Ltd.’s investment portfolio, making the stock its 25th largest position. Pinpoint Asset Management Singapore Pte. Ltd.’s holdings in Elbit Systems were worth $3,553,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ESLT. Russell Investments Group Ltd. grew its position in Elbit Systems by 26.7% in the third quarter. Russell Investments Group Ltd. now owns 65,222 shares of the aerospace company’s stock worth $33,110,000 after acquiring an additional 13,757 shares during the period. CreativeOne Wealth LLC raised its holdings in Elbit Systems by 8.2% in the 3rd quarter. CreativeOne Wealth LLC now owns 3,262 shares of the aerospace company’s stock valued at $1,663,000 after buying an additional 247 shares during the period. Korea Investment CORP lifted its holdings in shares of Elbit Systems by 1.2% in the 3rd quarter. Korea Investment CORP now owns 15,249 shares of the aerospace company’s stock worth $7,741,000 after acquiring an additional 175 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Elbit Systems by 6.7% during the third quarter. First Trust Advisors LP now owns 9,048 shares of the aerospace company’s stock worth $4,589,000 after buying an additional 566 shares during the period. Finally, ARK Investment Management LLC boosted its holdings in Elbit Systems by 11.6% during the 3rd quarter. ARK Investment Management LLC now owns 53,569 shares of the aerospace company’s stock valued at $27,309,000 after acquiring an additional 5,550 shares during the period. Hedge funds and other institutional investors own 17.88% of the company’s stock.

Analyst Upgrades and Downgrades

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

Elbit Systems Stock Up 5.4%

Shares of NASDAQ ESLT opened at $936.14 on Monday. The firm has a fifty day moving average of $709.06 and a 200-day moving average of $570.53. The stock has a market capitalization of $41.62 billion, a PE ratio of 95.14, a P/E/G ratio of 2.84 and a beta of 0.22. The company has a quick ratio of 0.76, a current ratio of 1.32 and a debt-to-equity ratio of 0.06. Elbit Systems Ltd. has a 52-week low of $343.00 and a 52-week high of $960.00.

Elbit Systems Profile

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.