Bae Systems (OTCMKTS:BAESY) Stock Price Down 3.8% – Should You Sell?

Bae Systems PLC (OTCMKTS:BAESY)’s stock price fell 3.8% during mid-day trading on Monday . The stock traded as low as $86.01 and last traded at $86.2655. 137,816 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 426,932 shares. The stock had previously closed at $89.69.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BAESY. Jefferies Financial Group upgraded Bae Systems from a “hold” rating to a “buy” rating in a research note on Friday, August 1st. Erste Group Bank started coverage on Bae Systems in a report on Friday, October 3rd. They set a “buy” rating for the company. Finally, The Goldman Sachs Group started coverage on shares of Bae Systems in a research report on Friday, September 19th. They set a “buy” rating on the stock. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Bae Systems Trading Down 4.3%

The company has a fifty day moving average price of $101.94 and a two-hundred day moving average price of $100.52.

Hedge Funds Weigh In On Bae Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in BAESY. Salomon & Ludwin LLC increased its stake in Bae Systems by 3,150.0% in the third quarter. Salomon & Ludwin LLC now owns 260 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 252 shares during the period. Hantz Financial Services Inc. boosted its holdings in Bae Systems by 73.0% during the third quarter. Hantz Financial Services Inc. now owns 327 shares of the aerospace company’s stock valued at $36,000 after purchasing an additional 138 shares in the last quarter. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Bae Systems in the 3rd quarter valued at approximately $44,000. First Horizon Advisors Inc. raised its holdings in shares of Bae Systems by 68.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,046 shares of the aerospace company’s stock worth $110,000 after buying an additional 426 shares in the last quarter. Finally, Atlas Capital Advisors Inc. lifted its position in shares of Bae Systems by 116.9% during the 1st quarter. Atlas Capital Advisors Inc. now owns 1,900 shares of the aerospace company’s stock worth $156,000 after buying an additional 1,024 shares during the period. 0.21% of the stock is owned by institutional investors.

About Bae Systems

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.