Yelin Lapidot Holdings Management Ltd. Sells 1,700 Shares of Elbit Systems Ltd. (NASDAQ:ESLT)

Yelin Lapidot Holdings Management Ltd. lowered its stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 11.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 13,325 shares of the aerospace company’s stock after selling 1,700 shares during the quarter. Yelin Lapidot Holdings Management Ltd.’s holdings in Elbit Systems were worth $3,439,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of ESLT. Meitav Investment House Ltd. grew its holdings in Elbit Systems by 41.3% during the 3rd quarter. Meitav Investment House Ltd. now owns 336,836 shares of the aerospace company’s stock valued at $67,264,000 after purchasing an additional 98,440 shares during the last quarter. Y.D. More Investments Ltd boosted its position in shares of Elbit Systems by 10.1% during 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 during the period. JPMorgan Chase & Co. grew its stake in shares of Elbit Systems by 12.2% during the third quarter. JPMorgan Chase & Co. now owns 170,703 shares of the aerospace company’s stock valued at $34,158,000 after buying an additional 18,614 shares during the last quarter. Heard Capital LLC raised its holdings in shares of Elbit Systems by 4.8% in the third quarter. Heard Capital LLC now owns 218,392 shares of the aerospace company’s stock worth $43,700,000 after buying an additional 10,070 shares during the period. Finally, Systematic Financial Management LP increased its stake in Elbit Systems by 12.1% in the third quarter. Systematic Financial Management LP now owns 74,322 shares of the aerospace company’s stock worth $14,872,000 after purchasing an additional 8,000 shares during the period. 17.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Elbit Systems Trading Up 0.9 %

ESLT opened at $305.74 on Friday. The company has a quick ratio of 0.64, a current ratio of 1.15 and a debt-to-equity ratio of 0.10. The stock’s fifty day moving average is $288.52 and its two-hundred day moving average is $242.91. The company has a market capitalization of $13.59 billion, a P/E ratio of 52.26 and a beta of 0.53. Elbit Systems Ltd. has a 52 week low of $175.30 and a 52 week high of $313.89.

About Elbit Systems

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.