Bae Systems PLC (OTCMKTS:BAESY) Holdings Lowered by Altrius Capital Management Inc

Altrius Capital Management Inc lowered its holdings in Bae Systems PLC (OTCMKTS:BAESY - Free Report) by 14.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,244 shares of the aerospace company's stock after selling 15,924 shares during the period. Bae Systems makes up 1.9% of Altrius Capital Management Inc's portfolio, making the stock its 16th biggest position. Altrius Capital Management Inc's holdings in Bae Systems were worth $7,996,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in BAESY. GAMMA Investing LLC raised its stake in shares of Bae Systems by 26.0% during the first quarter. GAMMA Investing LLC now owns 2,260 shares of the aerospace company's stock valued at $186,000 after purchasing an additional 466 shares during the period. Rhumbline Advisers grew its holdings in Bae Systems by 19.6% during the 1st quarter. Rhumbline Advisers now owns 5,485 shares of the aerospace company's stock worth $451,000 after acquiring an additional 897 shares in the last quarter. Confluence Investment Management LLC increased its holdings in Bae Systems by 19.3% in the first quarter. Confluence Investment Management LLC now owns 10,986 shares of the aerospace company's stock valued at $903,000 after buying an additional 1,777 shares during the last quarter. Sit Investment Associates Inc. raised its position in shares of Bae Systems by 4.3% during the 4th quarter. Sit Investment Associates Inc. now owns 55,390 shares of the aerospace company's stock valued at $3,166,000 after acquiring an additional 2,285 shares in the last quarter. Finally, Ramirez Asset Management Inc. raised its holdings in shares of Bae Systems by 3.4% during the fourth quarter. Ramirez Asset Management Inc. now owns 67,760 shares of the aerospace company's stock worth $3,899,000 after purchasing an additional 2,211 shares during the period. Institutional investors and hedge funds own 0.21% of the company's stock.

Analyst Ratings Changes

BAESY has been the subject of several recent research reports. Bank of America upgraded shares of Bae Systems from an "underperform" rating to a "buy" rating in a research report on Tuesday, June 10th. Berenberg Bank lowered Bae Systems from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 10th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Bae Systems in a report on Monday, April 28th.

Bae Systems Price Performance

Shares of BAESY stock traded up $1.57 during midday trading on Wednesday, reaching $100.55. 318,072 shares of the company were exchanged, compared to its average volume of 449,590. The company's 50 day moving average price is $98.39 and its two-hundred day moving average price is $79.48. Bae Systems PLC has a 12 month low of $56.19 and a 12 month high of $109.82. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 0.65.

Bae Systems 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.