GAMMA Investing LLC Has $15.28 Million Holdings in BAE Systems plc (OTCMKTS:BAESY)

GAMMA Investing LLC lifted its position in shares of BAE Systems plc (OTCMKTS:BAESY - Free Report) by 10,259.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 185,840 shares of the aerospace company's stock after purchasing an additional 184,046 shares during the quarter. GAMMA Investing LLC's holdings in BAE Systems were worth $15,282,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of BAESY. Altrius Capital Management Inc grew its stake in shares of BAE Systems by 3.3% in the 4th quarter. Altrius Capital Management Inc now owns 113,168 shares of the aerospace company's stock valued at $6,469,000 after purchasing an additional 3,662 shares during the period. Sit Investment Associates Inc. boosted its stake in BAE Systems by 4.3% in the 4th quarter. Sit Investment Associates Inc. now owns 55,390 shares of the aerospace company's stock valued at $3,166,000 after buying an additional 2,285 shares in the last quarter. Ramirez Asset Management Inc. grew its position in BAE Systems by 3.4% in the fourth quarter. Ramirez Asset Management Inc. now owns 67,760 shares of the aerospace company's stock valued at $3,899,000 after acquiring an additional 2,211 shares during the period. Finally, Confluence Investment Management LLC raised 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 in the last quarter. 0.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BAESY. Berenberg Bank lowered shares of BAE Systems from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 10th. Bank of America upgraded BAE Systems from an "underperform" rating to a "buy" rating in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of BAE Systems in a research report on Monday, April 28th.

BAE Systems Price Performance

Shares of BAESY stock traded down $4.60 on Tuesday, reaching $100.32. The company had a trading volume of 527,487 shares, compared to its average volume of 570,251. The company has a 50-day moving average of $94.54 and a 200-day moving average of $76.73. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.91 and a current ratio of 1.03. BAE Systems plc has a 12 month low of $56.19 and a 12 month high of $109.82.

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.