Bae Systems (OTCMKTS:BAESY) Sees Large Volume Increase - Here's What Happened

Key Points

• BAE Systems’ trading volume surged 118% to approximately 827,976 shares, while the stock last traded at $114.12, below its prior close of $114.61.
• Analyst sentiment remains mixed but leans neutral: three analysts rate the stock Buy and five rate it Hold, resulting in a consensus “Hold” rating.
• Institutional ownership is limited at 0.21%, though several investment firms recently increased their positions, including HighPoint Advisor Group, which raised its stake by 30.1%.

Bae Systems PLC (OTCMKTS:BAESY - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 827,976 shares traded hands during trading, an increase of 118% from the previous session's volume of 380,508 shares.The stock last traded at $114.12 and had previously closed at $114.61.

Analyst Upgrades and Downgrades

BAESY has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Bae Systems in a research note on Tuesday, August 11th. Royal Bank Of Canada assumed coverage on shares of Bae Systems in a research report on Tuesday, August 11th. They set a "sector perform" rating for the company. Morgan Stanley reiterated an "overweight" rating on shares of Bae Systems in a report on Thursday, June 25th. Erste Group Bank cut shares of Bae Systems from a "buy" rating to a "hold" rating in a research note on Thursday, June 25th. Finally, Kepler Capital Markets upgraded Bae Systems from a "hold" rating to a "buy" rating in a research report on Wednesday, June 24th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Bae Systems has a consensus rating of "Hold".

Bae Systems Stock Performance

The business's fifty day moving average price is $107.37 and its two-hundred day moving average price is $110.63. The company has a quick ratio of 0.87, a current ratio of 0.99 and a debt-to-equity ratio of 0.60.

Institutional Investors Weigh In On Bae Systems

Institutional investors have recently modified their holdings of the stock. Rhumbline Advisers increased its position in shares of Bae Systems by 2.9% during the 2nd quarter. Rhumbline Advisers now owns 5,643 shares of the aerospace company's stock valued at $593,000 after purchasing an additional 158 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new position in Bae Systems during the fourth quarter worth $250,000. Altrius Capital Management Inc raised its stake in shares of Bae Systems by 5.5% in the fourth quarter. Altrius Capital Management Inc now owns 93,878 shares of the aerospace company's stock valued at $8,719,000 after acquiring an additional 4,911 shares during the period. RNC Capital Management LLC lifted its holdings in shares of Bae Systems by 4.2% in the 4th quarter. RNC Capital Management LLC now owns 5,655 shares of the aerospace company's stock worth $525,000 after acquiring an additional 227 shares during the last quarter. Finally, HighPoint Advisor Group LLC lifted its holdings in shares of Bae Systems by 30.1% in the 4th quarter. HighPoint Advisor Group LLC now owns 3,821 shares of the aerospace company's stock worth $355,000 after acquiring an additional 883 shares during the last quarter. 0.21% of the stock is owned by institutional investors.

Bae Systems Company Profile

BAE Systems plc is a global defense, security and aerospace company that designs, develops and manufactures a broad range of military and related products and services. Formed in 1999 through the combination of British Aerospace and Marconi Electronic Systems, the company supplies platforms, systems and support across air, land, maritime and cyber domains. Its portfolio spans combat and support aircraft systems, naval shipbuilding and subsystems, armored and land combat solutions, electronic and sensor systems, munitions, and intelligence, surveillance and cybersecurity capabilities.

BAE Systems serves government and military customers worldwide, with particularly large footprints in the United Kingdom and the United States as well as operations and sales across Europe, the Middle East, Australia and other markets.

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