Bae Systems (OTCMKTS:BAESY) Sets New 52-Week High - Here's What Happened

Key Points

• Bae Systems PLC's stock reached a new 52-week high of $111.96 during trading, closing at $111.72 with a volume of 204,198 shares.
• Several analysts have issued ratings for the company, with a consensus rating of "Moderate Buy" from four Buy ratings, one Hold, and one Sell.
• Institutional investors have shown significant interest, with GAMMA Investing LLC increasing its position by 10,259% in the first quarter, acquiring 185,840 shares valued at $15.3 million.

Bae Systems PLC (OTCMKTS:BAESY - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $111.96 and last traded at $111.72, with a volume of 204198 shares trading hands. The stock had previously closed at $110.58.

Analyst Ratings Changes

BAESY has been the subject of several analyst reports. The Goldman Sachs Group initiated coverage on Bae Systems in a research note on Friday, September 19th. They issued a "buy" rating for the company. Kepler Capital Markets lowered Bae Systems from a "hold" rating to a "reduce" rating in a research note on Monday, July 7th. Bank of America raised Bae Systems from an "underperform" rating to a "buy" rating in a research note on Tuesday, June 10th. Finally, Jefferies Financial Group raised Bae Systems from a "hold" rating to a "buy" rating in a research note on Friday, August 1st. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy".

Bae Systems Price Performance

The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 0.65. The stock has a 50 day moving average of $99.62 and a 200-day moving average of $97.09.

Institutional Investors Weigh In On Bae Systems

A number of institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC raised its position in Bae Systems by 10,259.0% during the 1st quarter. GAMMA Investing LLC now owns 185,840 shares of the aerospace company's stock valued at $15,282,000 after purchasing an additional 184,046 shares in the last quarter. Ramirez Asset Management Inc. raised its position in Bae Systems by 2.9% during the 2nd quarter. Ramirez Asset Management Inc. now owns 68,509 shares of the aerospace company's stock valued at $7,084,000 after purchasing an additional 1,954 shares in the last quarter. First Merchants Corp raised its position in Bae Systems by 9.0% during the 2nd quarter. First Merchants Corp now owns 62,252 shares of the aerospace company's stock valued at $6,437,000 after purchasing an additional 5,144 shares in the last quarter. L & S Advisors Inc raised its position in Bae Systems by 27.2% during the 2nd quarter. L & S Advisors Inc now owns 16,669 shares of the aerospace company's stock valued at $1,751,000 after purchasing an additional 3,562 shares in the last quarter. Finally, Confluence Investment Management LLC raised its position in Bae Systems by 3.9% during the 2nd quarter. Confluence Investment Management LLC now owns 11,413 shares of the aerospace company's stock valued at $1,199,000 after purchasing an additional 427 shares in the last quarter. 0.21% of the stock is 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.

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