BAE Systems plc (OTCMKTS:BAESY) Stock Holdings Decreased by Beach Investment Counsel Inc. PA

Beach Investment Counsel Inc. PA cut its holdings in shares of BAE Systems plc (OTCMKTS:BAESY - Free Report) by 3.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 98,678 shares of the aerospace company's stock after selling 3,688 shares during the quarter. BAE Systems accounts for about 1.2% of Beach Investment Counsel Inc. PA's portfolio, making the stock its 25th largest holding. Beach Investment Counsel Inc. PA's holdings in BAE Systems were worth $8,114,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Altrius Capital Management Inc lifted its holdings in BAE Systems by 3.3% in the fourth quarter. Altrius Capital Management Inc now owns 113,168 shares of the aerospace company's stock valued at $6,469,000 after acquiring an additional 3,662 shares during the last quarter. Ramirez Asset Management Inc. increased its holdings in BAE Systems by 3.4% during the 4th 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. Sit Investment Associates Inc. lifted its holdings in BAE Systems by 4.3% during the 4th quarter. Sit Investment Associates Inc. now owns 55,390 shares of the aerospace company's stock worth $3,166,000 after buying an additional 2,285 shares during the last quarter. Confluence Investment Management LLC raised its holdings 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 purchasing an additional 1,777 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of 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 purchasing an additional 184,046 shares during the last quarter. 0.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on BAESY shares. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of BAE Systems in a report on Monday, April 28th. Bank of America upgraded BAE Systems from an "underperform" rating to a "buy" rating in a research report on Tuesday. Finally, Berenberg Bank downgraded BAE Systems from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 10th.

BAE Systems Price Performance

BAESY stock traded down $4.60 on Wednesday, hitting $100.32. 527,487 shares of the company were exchanged, compared to its average volume of 570,251. BAE Systems plc has a twelve month low of $56.19 and a twelve month high of $109.82. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.91 and a current ratio of 1.03. The business's fifty day moving average is $94.54 and its two-hundred day moving average is $76.73.

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.