Bae Systems (OTCMKTS:BAESY) Sees Unusually-High Trading Volume - What's Next?

Key Points

• Bae Systems PLC experienced a significant increase in trading volume, with 990,584 shares traded, marking a 115% rise compared to the prior session.
• Brokerage firms have mixed sentiments on BAESY, with Kepler Capital Markets downgrading it to "reduce" but several others upgrading it to "buy," leading to a consensus rating of "Moderate Buy."
• Institutional investors have increased their stakes in Bae Systems, with First Horizon Advisors and Atlas Capital Advisors boosting their holdings by 49.4% and 116.9%, respectively.

Bae Systems PLC (OTCMKTS:BAESY - Get Free Report) shares saw an uptick in trading volume on Monday . 990,584 shares were traded during trading, an increase of 115% from the previous session's volume of 459,924 shares.The stock last traded at $106.44 and had previously closed at $106.00.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BAESY. The Goldman Sachs Group began coverage on Bae Systems in a report on Friday. They set a "buy" rating for the company. Kepler Capital Markets cut Bae Systems from a "hold" rating to a "reduce" rating in a report on Monday, July 7th. Jefferies Financial Group raised Bae Systems from a "hold" rating to a "buy" rating in a report on Friday, August 1st. Finally, Bank of America raised Bae Systems from an "underperform" rating to a "buy" rating in a report on Tuesday, June 10th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

Bae Systems Stock Performance

The company has a debt-to-equity ratio of 0.65, a current ratio of 0.95 and a quick ratio of 0.85. The company has a 50-day moving average price of $99.08 and a 200-day moving average price of $96.26.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers boosted its position in shares of Bae Systems by 2.9% in the 2nd quarter. Rhumbline Advisers now owns 5,643 shares of the aerospace company's stock worth $593,000 after purchasing an additional 158 shares during the last quarter. RNC Capital Management LLC boosted its position in shares of Bae Systems by 2.1% in the 1st quarter. RNC Capital Management LLC now owns 8,303 shares of the aerospace company's stock worth $683,000 after purchasing an additional 168 shares during the last quarter. First Horizon Advisors Inc. boosted its position in shares of Bae Systems by 49.4% in the 1st quarter. First Horizon Advisors Inc. now owns 620 shares of the aerospace company's stock worth $51,000 after purchasing an additional 205 shares during the last quarter. Confluence Investment Management LLC boosted its position in shares of Bae Systems by 3.9% in the 2nd quarter. Confluence Investment Management LLC now owns 11,413 shares of the aerospace company's stock worth $1,199,000 after purchasing an additional 427 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Bae Systems by 26.0% during the first quarter. GAMMA Investing LLC now owns 2,260 shares of the aerospace company's stock worth $186,000 after acquiring an additional 466 shares in the last quarter. 0.21% of the stock is currently owned by institutional investors.

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.