Bae Systems (OTCMKTS:BAESY) Shares Gap Down - What's Next?

Key Points

• Bae Systems shares experienced a significant gap down, opening at $93.55 from a previous close of $97.49, with trading volume reaching 45,508 shares.
• Recent analyst activity includes upgrades from Jefferies and Bank of America to a "buy" rating, while the consensus rating remains at "Hold" with one analyst issuing a sell rating.
• Several institutional investors have dramatically increased their positions in Bae Systems, with GAMMA Investing LLC raising its stake by 10,259.0% in the first quarter.

Bae Systems PLC (OTCMKTS:BAESY - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $97.49, but opened at $93.55. Bae Systems shares last traded at $93.49, with a volume of 45,508 shares traded.

Analyst Ratings Changes

A number of brokerages have weighed in on BAESY. Bank of America upgraded shares of Bae Systems from an "underperform" rating to a "buy" rating in a research report on Tuesday, June 10th. Kepler Capital Markets lowered Bae Systems from a "hold" rating to a "reduce" rating in a research note on Monday, July 7th. Jefferies Financial Group upgraded Bae Systems from a "hold" rating to a "buy" rating in a research report on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Bae Systems in a report on Monday, April 28th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold".

Bae Systems Stock Up 0.9%

The stock's 50-day moving average price is $100.17 and its 200 day moving average price is $91.27. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.95 and a quick ratio of 0.85.

Institutional Investors Weigh In On Bae Systems

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its position in Bae Systems by 10,259.0% during the first quarter. GAMMA Investing LLC now owns 185,840 shares of the aerospace company's stock worth $15,282,000 after buying an additional 184,046 shares in the last quarter. Ramirez Asset Management Inc. increased its stake in shares of Bae Systems by 2.9% in the 2nd quarter. Ramirez Asset Management Inc. now owns 68,509 shares of the aerospace company's stock worth $7,084,000 after acquiring 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 2nd quarter. First Merchants Corp now owns 62,252 shares of the aerospace company's stock worth $6,437,000 after acquiring an additional 5,144 shares during the period. L & S Advisors Inc boosted its position in shares of 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 acquiring an additional 3,562 shares during the last quarter. Finally, Confluence Investment Management LLC grew its holdings 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 purchasing an additional 427 shares during the period. Institutional investors and hedge funds 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.