Bae Systems (OTCMKTS:BAESY) Receives "Reduce" Rating from Kepler Capital Markets

Bae Systems (OTCMKTS:BAESY - Get Free Report)'s stock had its "reduce" rating reissued by Kepler Capital Markets in a research report issued on Monday, MarketBeat.com reports.

A number of other analysts have also weighed in on BAESY. Bank of America raised shares of Bae Systems from an "underperform" rating to a "buy" rating in a report on Tuesday, June 10th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Bae Systems in a report on Monday, April 28th. Finally, Berenberg Bank lowered shares of Bae Systems from a "strong-buy" rating to a "hold" rating in a report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold".

Bae Systems Trading Down 0.5%

Shares of OTCMKTS BAESY traded down $0.54 during midday trading on Monday, hitting $102.96. The company's stock had a trading volume of 229,618 shares, compared to its average volume of 539,610. The stock has a fifty day moving average price of $100.12 and a 200 day moving average price of $82.04. Bae Systems has a one year low of $56.19 and a one year high of $109.82. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.85 and a current ratio of 0.95.

Hedge Funds Weigh In On Bae Systems

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ramirez Asset Management Inc. increased its stake in shares of Bae Systems by 3.4% in the 4th quarter. Ramirez Asset Management Inc. now owns 67,760 shares of the aerospace company's stock worth $3,899,000 after acquiring an additional 2,211 shares in the last quarter. Sit Investment Associates Inc. grew its holdings in Bae Systems by 4.3% in the fourth quarter. Sit Investment Associates Inc. now owns 55,390 shares of the aerospace company's stock worth $3,166,000 after purchasing an additional 2,285 shares during the period. Confluence Investment Management LLC grew its holdings in Bae Systems by 19.3% in the first quarter. Confluence Investment Management LLC now owns 10,986 shares of the aerospace company's stock worth $903,000 after purchasing an additional 1,777 shares during the period. GAMMA Investing LLC grew its holdings in Bae Systems by 10,259.0% in the first quarter. GAMMA Investing LLC now owns 185,840 shares of the aerospace company's stock worth $15,282,000 after purchasing an additional 184,046 shares during the period. Finally, Rhumbline Advisers grew its holdings in Bae Systems by 19.6% in the first quarter. Rhumbline Advisers now owns 5,485 shares of the aerospace company's stock worth $451,000 after purchasing an additional 897 shares during the period. Hedge funds and other institutional investors own 0.21% of the company's stock.

Bae Systems Company Profile

BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Platforms & Services, Air, Maritime, and Cyber & Intelligence. The Electronic Systems segment offers electronic warfare systems, navigation systems, electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance capabilities, space electronics, and electric drive propulsion systems.