ARK Investment Management LLC Sells 3,674 Shares of Elbit Systems Ltd. (NASDAQ:ESLT)

ARK Investment Management LLC cut its stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 78,573 shares of the aerospace company’s stock after selling 3,674 shares during the quarter. ARK Investment Management LLC’s holdings in Elbit Systems were worth $20,277,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp lifted its stake in shares of Elbit Systems by 5.3% in the fourth quarter. Bank of New York Mellon Corp now owns 45,789 shares of the aerospace company’s stock valued at $11,817,000 after buying an additional 2,317 shares in the last quarter. Sierra Ocean LLC bought a new position in shares of Elbit Systems in the fourth quarter valued at $41,000. Van ECK Associates Corp lifted its stake in shares of Elbit Systems by 3.8% in the fourth quarter. Van ECK Associates Corp now owns 11,559 shares of the aerospace company’s stock valued at $2,983,000 after buying an additional 426 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Elbit Systems in the fourth quarter valued at $590,000. Finally, Y.D. More Investments Ltd lifted its stake in shares of Elbit Systems by 10.1% in 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 buying an additional 41,401 shares in the last quarter. 17.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Elbit Systems Stock Up 0.5 %

Elbit Systems stock opened at $299.14 on Wednesday. The firm’s fifty day moving average price is $286.68 and its two-hundred day moving average price is $242.04. The firm has a market capitalization of $13.30 billion, a price-to-earnings ratio of 51.14 and a beta of 0.53. The company has a current ratio of 1.15, a quick ratio of 0.64 and a debt-to-equity ratio of 0.10. Elbit Systems Ltd. has a 1-year low of $175.30 and a 1-year high of $313.89.

Elbit Systems 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.