BAE Systems (OTCMKTS:BAESY) Given Underperform Rating at Bank of America

BAE Systems (OTCMKTS:BAESY)‘s stock had its “underperform” rating reaffirmed by research analysts at Bank of America in a research note issued on Friday, Marketbeat.com reports.

BAE Systems Price Performance

Shares of BAESY stock opened at $65.19 on Friday. BAE Systems has a 12-month low of $51.72 and a 12-month high of $72.81. The firm has a fifty day moving average of $67.46 and a 200-day moving average of $68.04.

Institutional Investors Weigh In On BAE Systems

Institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its position in BAE Systems by 20.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,870 shares of the aerospace company’s stock valued at $125,000 after acquiring an additional 322 shares in the last quarter. Atlas Capital Advisors LLC lifted its position in BAE Systems by 68.9% in the 2nd quarter. Atlas Capital Advisors LLC now owns 4,044 shares of the aerospace company’s stock valued at $270,000 after acquiring an additional 1,650 shares in the last quarter. Rhumbline Advisers lifted its position in BAE Systems by 29.3% in the 2nd quarter. Rhumbline Advisers now owns 4,593 shares of the aerospace company’s stock valued at $307,000 after acquiring an additional 1,042 shares in the last quarter. Confluence Investment Management LLC bought a new stake in BAE Systems in the 2nd quarter valued at $682,000. Finally, Principal Street Partners LLC lifted its position in BAE Systems by 99.0% in the 3rd quarter. Principal Street Partners LLC now owns 17,628 shares of the aerospace company’s stock valued at $1,178,000 after acquiring an additional 8,769 shares in the last quarter. 0.21% of the stock is owned by institutional investors.

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.