L & S Advisors Inc Invests $1.08 Million in Bae Systems PLC (OTCMKTS:BAESY)

Key Points

• L & S Advisors Inc made a new investment of approximately $1.08 million in Bae Systems PLC, acquiring 13,107 shares during the 1st quarter.
• Several hedge funds increased their stakes in Bae Systems, with First Merchants Corp investing approximately $4.6 million in the same quarter.
• Research analysts have generally improved their outlook on Bae Systems, with Jefferies Financial Group and Bank of America upgrading their ratings to "buy."

L & S Advisors Inc bought a new stake in shares of Bae Systems PLC (OTCMKTS:BAESY - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,107 shares of the aerospace company's stock, valued at approximately $1,078,000.

A number of other institutional investors also recently modified their holdings of BAESY. GAMMA Investing LLC grew its stake in Bae Systems by 10,259.0% in the 1st quarter. GAMMA Investing LLC now owns 185,840 shares of the aerospace company's stock worth $15,282,000 after buying an additional 184,046 shares in the last quarter. First Merchants Corp purchased a new position in Bae Systems in the 1st quarter worth approximately $4,598,000. Sit Investment Associates Inc. lifted its holdings in shares of Bae Systems by 4.3% in the 4th 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. HighPoint Advisor Group LLC bought a new stake in shares of Bae Systems in the 1st quarter worth approximately $185,000. Finally, Confluence Investment Management LLC lifted its holdings in shares of Bae Systems by 19.3% in the 1st 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. 0.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BAESY. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Bae Systems in a report on Monday, April 28th. Jefferies Financial Group upgraded shares of Bae Systems from a "hold" rating to a "buy" rating in a report on Friday. Kepler Capital Markets lowered Bae Systems from a "hold" rating to a "reduce" rating in a research report on Monday, July 7th. Finally, Bank of America upgraded Bae Systems from an "underperform" rating to a "buy" rating in a report on Tuesday, June 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Bae Systems has an average rating of "Hold".

Bae Systems Trading Up 0.3%

Shares of BAESY traded up $0.32 during midday trading on Tuesday, hitting $98.66. The company had a trading volume of 163,587 shares, compared to its average volume of 225,835. The company's 50 day moving average price is $102.75 and its 200 day moving average price is $88.33. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.95 and a quick ratio of 0.85. Bae Systems PLC has a 52 week low of $56.19 and a 52 week high of $109.82.

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.