Yelin Lapidot Holdings Management Ltd. Reduces Stock Position in Elbit Systems Ltd. (NASDAQ:ESLT)

Yelin Lapidot Holdings Management Ltd. lowered its holdings in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 11.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,325 shares of the aerospace company’s stock after selling 1,700 shares during the quarter. Yelin Lapidot Holdings Management Ltd.’s holdings in Elbit Systems were worth $3,439,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ESLT. Y.D. More Investments Ltd grew its holdings in Elbit Systems by 10.1% during the fourth quarter. Y.D. More Investments Ltd now owns 449,747 shares of the aerospace company’s stock valued at $117,520,000 after purchasing an additional 41,401 shares during the period. Meitav Investment House Ltd. boosted its position in shares of Elbit Systems by 41.3% in the third quarter. Meitav Investment House Ltd. now owns 336,836 shares of the aerospace company’s stock worth $67,264,000 after purchasing an additional 98,440 shares during the period. Heard Capital LLC raised its position in shares of Elbit Systems by 4.8% during the 3rd quarter. Heard Capital LLC now owns 218,392 shares of the aerospace company’s stock valued at $43,700,000 after purchasing an additional 10,070 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Elbit Systems by 12.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 170,703 shares of the aerospace company’s stock valued at $34,158,000 after buying an additional 18,614 shares in the last quarter. Finally, Swiss National Bank boosted its holdings in Elbit Systems by 0.5% in the 3rd quarter. Swiss National Bank now owns 79,626 shares of the aerospace company’s stock worth $15,896,000 after buying an additional 368 shares during the period. 17.88% of the stock is owned by hedge funds and other institutional investors.

Elbit Systems Price Performance

Shares of Elbit Systems stock opened at $305.74 on Friday. The stock has a 50 day moving average of $288.52 and a 200 day moving average of $242.91. Elbit Systems Ltd. has a 12 month low of $175.30 and a 12 month high of $313.89. The company has a current ratio of 1.15, a quick ratio of 0.64 and a debt-to-equity ratio of 0.10. The firm has a market cap of $13.59 billion, a PE ratio of 52.26 and a beta of 0.53.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Elbit Systems from a “strong-buy” rating to a “buy” rating in a research note on Tuesday.

Elbit Systems Company Profile

Elbit Systems Ltd. develops and supplies a portfolio of airborne, land, and naval systems and products for the defense, homeland security, and commercial aviation applications primarily in Israel. The company operates through Aerospace, C4I and Cyber, ISTAR and EW, Land, and Elbit Systems of America segments.