BAE Systems (OTCMKTS:BAESY) Upgraded at Bank of America

Bank of America upgraded shares of BAE Systems (OTCMKTS:BAESY - Free Report) from an underperform rating to a buy rating in a research note released on Tuesday morning, MarketBeat Ratings reports.

A number of other research firms have also recently commented on BAESY. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of BAE Systems in a report on Monday, April 28th. Berenberg Bank downgraded BAE Systems from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 10th.

BAE Systems Trading Up 1.9%

Shares of BAESY stock traded up $1.92 on Tuesday, hitting $105.54. 389,335 shares of the stock traded hands, compared to its average volume of 567,727. The company has a quick ratio of 0.91, a current ratio of 1.03 and a debt-to-equity ratio of 0.72. BAE Systems has a 52 week low of $56.19 and a 52 week high of $109.82. The firm has a 50 day simple moving average of $96.03 and a two-hundred day simple moving average of $77.44.

Hedge Funds Weigh In On BAE Systems

Several institutional investors have recently bought and sold shares of BAESY. GAMMA Investing LLC lifted its stake in BAE Systems by 10,259.0% in the 1st 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 in the last quarter. First Merchants Corp bought a new stake in shares of BAE Systems in the first quarter worth about $4,598,000. L & S Advisors Inc bought a new stake in shares of BAE Systems in the first quarter worth about $1,078,000. Corient IA LLC purchased a new stake in shares of BAE Systems in the first quarter worth about $805,000. Finally, Altrius Capital Management Inc boosted its stake in BAE Systems by 3.3% during the fourth quarter. Altrius Capital Management Inc now owns 113,168 shares of the aerospace company's stock valued at $6,469,000 after buying an additional 3,662 shares during the last quarter. 0.21% of the stock is owned by hedge funds and other institutional investors.

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.