Altrius Capital Management Inc Increases Holdings in BAE Systems plc (OTCMKTS:BAESY)

Altrius Capital Management Inc increased its holdings in shares of BAE Systems plc (OTCMKTS:BAESY) by 3.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 113,168 shares of the aerospace company’s stock after purchasing an additional 3,662 shares during the quarter. BAE Systems makes up approximately 1.7% of Altrius Capital Management Inc’s portfolio, making the stock its 21st biggest position. Altrius Capital Management Inc’s holdings in BAE Systems were worth $6,469,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BAESY. Nisa Investment Advisors LLC purchased a new position in shares of BAE Systems during the fourth quarter worth approximately $26,000. Principal Street Partners LLC grew its stake in shares of 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 purchasing an additional 8,769 shares during the last quarter. Finally, Dorsey Wright & Associates increased its holdings in shares of BAE Systems by 11.7% in the third quarter. Dorsey Wright & Associates now owns 56,856 shares of the aerospace company’s stock valued at $3,775,000 after purchasing an additional 5,936 shares during the period. 0.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

BAE Systems Trading Up 3.0 %

OTCMKTS:BAESY opened at $71.13 on Friday. BAE Systems plc has a 1 year low of $56.19 and a 1 year high of $72.81. The company has a current ratio of 1.03, a quick ratio of 0.91 and a debt-to-equity ratio of 0.72. The stock has a fifty day moving average price of $60.79 and a two-hundred day moving average price of $64.87.

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.