Bae Systems PLC (OTCMKTS:BAESY) Shares Sold by Altrius Capital Management Inc

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

Several other institutional investors have also recently added to or reduced their stakes in BAESY. GAMMA Investing LLC increased its stake 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 during the last quarter. Rhumbline Advisers increased its stake in Bae Systems by 19.6% during the first quarter. Rhumbline Advisers now owns 5,485 shares of the aerospace company's stock worth $451,000 after acquiring an additional 897 shares during the last quarter. Confluence Investment Management LLC increased its stake in Bae Systems by 19.3% during the first quarter. Confluence Investment Management LLC now owns 10,986 shares of the aerospace company's stock worth $903,000 after acquiring an additional 1,777 shares during the last quarter. Sit Investment Associates Inc. increased its stake in Bae Systems by 4.3% during the fourth quarter. Sit Investment Associates Inc. now owns 55,390 shares of the aerospace company's stock worth $3,166,000 after acquiring an additional 2,285 shares during the last quarter. Finally, Ramirez Asset Management Inc. increased its stake in 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 acquiring an additional 2,211 shares during the last quarter. 0.21% of the stock is currently owned by institutional investors and hedge funds.

Bae Systems Trading Down 1.5%

BAESY stock opened at $103.41 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 0.65. Bae Systems PLC has a 1 year low of $56.19 and a 1 year high of $109.82. The stock has a 50-day simple moving average of $98.02 and a 200-day simple moving average of $78.95.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Bae Systems in a research note on Monday, April 28th. Berenberg Bank downgraded Bae Systems from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 10th. Finally, Bank of America upgraded Bae Systems from an "underperform" rating to a "buy" rating in a research note on Tuesday, June 10th.

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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