Corient IA LLC Invests $805,000 in Bae Systems PLC $BAESY

Key Points

• Corient IA LLC purchased a new stake in Bae Systems PLC, acquiring 10,000 shares valued at approximately $805,000.
• Multiple institutional investors have increased their holdings in Bae Systems, with First Horizon Advisors Inc. boosting their stake by 49.4%.
• Analysts have mixed opinions on Bae Systems, with one upgrade to "buy" from Jefferies Financial Group and a downgrade to "reduce" from Kepler Capital Markets.

Corient IA LLC acquired a new stake in shares of Bae Systems PLC (OTCMKTS:BAESY - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,000 shares of the aerospace company's stock, valued at approximately $805,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. First Horizon Advisors Inc. grew its position in Bae Systems by 49.4% in the first quarter. First Horizon Advisors Inc. now owns 620 shares of the aerospace company's stock valued at $51,000 after acquiring an additional 205 shares in the last quarter. Atlas Capital Advisors Inc. lifted its stake in Bae Systems by 116.9% during the first quarter. Atlas Capital Advisors Inc. now owns 1,900 shares of the aerospace company's stock worth $156,000 after purchasing an additional 1,024 shares during the last quarter. HighPoint Advisor Group LLC bought a new position in Bae Systems during the first quarter worth $185,000. GAMMA Investing LLC increased its position in Bae Systems by 26.0% in the first quarter. GAMMA Investing LLC now owns 2,260 shares of the aerospace company's stock worth $186,000 after buying an additional 466 shares during the period. Finally, Rhumbline Advisers increased its position in Bae Systems by 19.6% in the first quarter. Rhumbline Advisers now owns 5,485 shares of the aerospace company's stock worth $451,000 after buying an additional 897 shares during the period. Institutional investors and hedge funds own 0.21% of the company's stock.

Bae Systems Stock Up 1.6%

Shares of BAESY traded up $1.4975 during trading hours on Friday, hitting $96.2075. 86,014 shares of the stock traded hands, compared to its average volume of 475,376. 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 business has a fifty day moving average of $100.37 and a 200-day moving average of $91.03.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BAESY. Deutsche Bank Aktiengesellschaft reaffirmed 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 report on Tuesday, June 10th. Jefferies Financial Group upgraded Bae Systems from a "hold" rating to a "buy" rating in a report on Friday, August 1st. Finally, Kepler Capital Markets downgraded Bae Systems from a "hold" rating to a "reduce" rating in a research report on Monday, July 7th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold".

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.