Elbit Systems Ltd. $ESLT is Semanteon Capital Management LP’s 5th Largest Position

Semanteon Capital Management LP trimmed its position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 9.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,400 shares of the aerospace company’s stock after selling 360 shares during the period. Elbit Systems accounts for approximately 2.3% of Semanteon Capital Management LP’s portfolio, making the stock its 5th largest holding. Semanteon Capital Management LP’s holdings in Elbit Systems were worth $1,528,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in ESLT. Y.D. More Investments Ltd lifted its position in shares of Elbit Systems by 35.1% during the 2nd quarter. Y.D. More Investments Ltd now owns 610,977 shares of the aerospace company’s stock valued at $271,438,000 after buying an additional 158,689 shares during the last quarter. Waratah Capital Advisors Ltd. boosted its position in Elbit Systems by 533.9% during the second quarter. Waratah Capital Advisors Ltd. now owns 16,475 shares of the aerospace company’s stock worth $7,406,000 after purchasing an additional 13,876 shares during the period. Creative Planning boosted its position in Elbit Systems by 10.1% during the second quarter. Creative Planning now owns 6,855 shares of the aerospace company’s stock worth $3,082,000 after purchasing an additional 629 shares during the period. SG Americas Securities LLC purchased a new position in shares of Elbit Systems in the second quarter worth about $6,385,000. Finally, Cooper Capital Advisors LLC bought a new stake in shares of Elbit Systems in the second quarter valued at approximately $212,000. 17.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Bank of America raised their price objective on shares of Elbit Systems from $500.00 to $540.00 and gave the stock a “buy” rating in a report on Tuesday, August 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Elbit Systems in a research note on Wednesday, October 8th. Wall Street Zen upgraded Elbit Systems from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Zacks Research cut Elbit Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Elbit Systems in a research report on Tuesday, September 30th. They issued a “neutral” rating and a $520.00 price objective for the company. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $530.00.

Elbit Systems Price Performance

Shares of NASDAQ ESLT opened at $473.03 on Monday. The stock’s 50-day simple moving average is $492.72 and its two-hundred day simple moving average is $456.95. Elbit Systems Ltd. has a twelve month low of $234.48 and a twelve month high of $529.99. The firm has a market capitalization of $21.03 billion, a P/E ratio of 53.69, a P/E/G ratio of 1.74 and a beta of 0.30. The company has a quick ratio of 0.77, a current ratio of 1.29 and a debt-to-equity ratio of 0.06.

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.