Bae Systems (OTCMKTS:BAESY) Now Covered by Analysts at Erste Group Bank

Key Points

• Analysts at Erste Group Bank have initiated coverage of Bae Systems, assigning a "buy" rating to the stock, reflecting positive market sentiment.
• Multiple analysts have upgraded Bae Systems' rating, with five analysts rating it as a "buy" and just one as a "sell," leading to a consensus rating of "Moderate Buy."
• Bae Systems' shares recently traded at $110.99, with significant institutional buying activity noted, including a substantial increase in holdings by GAMMA Investing LLC.

Stock analysts at Erste Group Bank assumed coverage on shares of Bae Systems (OTCMKTS:BAESY - Get Free Report) in a research note issued to investors on Friday. The brokerage set a "buy" rating on the aerospace company's stock.

A number of other research analysts also recently issued reports on the company. Jefferies Financial Group upgraded Bae Systems from a "hold" rating to a "buy" rating in a report on Friday, August 1st. Bank of America raised shares of Bae Systems from an "underperform" rating to a "buy" rating in a report on Tuesday, June 10th. The Goldman Sachs Group assumed coverage on shares of Bae Systems in a report on Friday, September 19th. They set a "buy" rating on the stock. Finally, Kepler Capital Markets lowered shares of Bae Systems from a "hold" rating to a "reduce" rating in a research note on Monday, July 7th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".

Bae Systems Trading Up 0.1%

Shares of OTCMKTS BAESY traded up $0.14 during mid-day trading on Friday, hitting $110.99. 9,918 shares of the stock traded hands, compared to its average volume of 470,699. The stock has a fifty day moving average price of $100.21 and a 200-day moving average price of $97.45. Bae Systems has a 52 week low of $56.19 and a 52 week high of $111.96.

Institutional Trading of Bae Systems

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its position in shares of Bae Systems by 10,259.0% during the first quarter. GAMMA Investing LLC now owns 185,840 shares of the aerospace company's stock valued at $15,282,000 after buying an additional 184,046 shares during the last quarter. Ramirez Asset Management Inc. boosted its stake in shares of Bae Systems by 2.9% in the second quarter. Ramirez Asset Management Inc. now owns 68,509 shares of the aerospace company's stock worth $7,084,000 after buying an additional 1,954 shares during the last quarter. First Merchants Corp raised its holdings in shares of Bae Systems by 9.0% during the second quarter. First Merchants Corp now owns 62,252 shares of the aerospace company's stock valued at $6,437,000 after acquiring an additional 5,144 shares during the last quarter. L & S Advisors Inc grew its position in Bae Systems by 27.2% in the second quarter. L & S Advisors Inc now owns 16,669 shares of the aerospace company's stock worth $1,751,000 after acquiring an additional 3,562 shares during the period. Finally, Confluence Investment Management LLC raised its stake in shares of Bae Systems by 3.9% in the second quarter. Confluence Investment Management LLC now owns 11,413 shares of the aerospace company's stock valued at $1,199,000 after acquiring an additional 427 shares in the last quarter. Institutional investors own 0.21% of the company's stock.

About Bae Systems

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.

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