Meritage Portfolio Management Trims Stock Position in BAE Systems plc (OTCMKTS:BAESY)

Meritage Portfolio Management cut its stake in shares of BAE Systems plc (OTCMKTS:BAESY) by 6.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 63,107 shares of the aerospace company’s stock after selling 4,592 shares during the period. Meritage Portfolio Management’s holdings in BAE Systems were worth $3,607,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BAESY. Altrius Capital Management Inc lifted its holdings in BAE Systems by 2.3% in the 3rd quarter. Altrius Capital Management Inc now owns 109,506 shares of the aerospace company’s stock worth $7,266,000 after buying an additional 2,470 shares in the last quarter. Principal Street Partners LLC lifted its stake in BAE Systems by 99.0% during the third quarter. Principal Street Partners LLC now owns 17,628 shares of the aerospace company’s stock worth $1,178,000 after purchasing an additional 8,769 shares during the last quarter. Dorsey Wright & Associates boosted its holdings in shares of BAE Systems by 11.7% in the 3rd quarter. Dorsey Wright & Associates now owns 56,856 shares of the aerospace company’s stock valued at $3,775,000 after buying an additional 5,936 shares during the period. Finally, Nisa Investment Advisors LLC bought a new position in shares of BAE Systems during the fourth quarter valued at approximately $26,000. 0.21% of the stock is currently owned by hedge funds and other institutional investors.

BAE Systems Stock Up 0.5 %

BAESY stock opened at $60.72 on Thursday. The firm has a 50-day moving average of $60.05 and a two-hundred day moving average of $65.05. The company has a quick ratio of 0.91, a current ratio of 1.03 and a debt-to-equity ratio of 0.72. BAE Systems plc has a one year low of $56.19 and a one year high of $72.81.

Wall Street Analysts Forecast Growth

Separately, Bank of America reissued an “underperform” rating on shares of BAE Systems in a report on Friday, November 29th.

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.