Beach Investment Counsel Inc. PA Sells 3,936 Shares of BAE Systems plc (OTCMKTS:BAESY)

Beach Investment Counsel Inc. PA reduced its holdings in shares of BAE Systems plc (OTCMKTS:BAESY) by 3.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 102,366 shares of the aerospace company’s stock after selling 3,936 shares during the period. Beach Investment Counsel Inc. PA’s holdings in BAE Systems were worth $5,851,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of BAESY. Nisa Investment Advisors LLC acquired a new position in BAE Systems in the 4th quarter worth about $26,000. Principal Street Partners LLC increased its holdings 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 worth $1,178,000 after purchasing an additional 8,769 shares in the last quarter. Dorsey Wright & Associates increased its holdings in BAE Systems by 11.7% in the 3rd quarter. Dorsey Wright & Associates now owns 56,856 shares of the aerospace company’s stock worth $3,775,000 after purchasing an additional 5,936 shares in the last quarter. Finally, Altrius Capital Management Inc increased its stake in shares of BAE Systems by 2.3% in the third quarter. Altrius Capital Management Inc now owns 109,506 shares of the aerospace company’s stock valued at $7,266,000 after buying an additional 2,470 shares during the period. 0.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

BAE Systems Trading Up 1.2 %

Shares of BAESY stock opened at $61.50 on Tuesday. The stock has a 50-day moving average of $60.22 and a 200-day moving average of $65.12. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.03 and a quick ratio of 0.91. BAE Systems plc has a 1-year low of $56.19 and a 1-year high of $72.81.

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.