7,699 Shares in Bae Systems PLC $BAESY Acquired by Collaborative Fund Advisors LLC

Collaborative Fund Advisors LLC bought a new stake in shares of Bae Systems PLC (OTCMKTS:BAESY) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,699 shares of the aerospace company’s stock, valued at approximately $897,000.

Several other hedge funds have also recently added to or reduced their stakes in BAESY. Atlas Capital Advisors Inc. bought a new stake in shares of Bae Systems in the 4th quarter valued at $98,000. PNC Financial Services Group Inc. lifted its holdings in Bae Systems by 9.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,690 shares of the aerospace company’s stock valued at $157,000 after buying an additional 140 shares during the period. Riverbridge Partners LLC acquired a new position in Bae Systems in the first quarter valued at $221,000. Pinnacle Wealth Management Advisory Group LLC bought a new stake in Bae Systems during the first quarter valued at $307,000. Finally, Kingswood Wealth Advisors LLC acquired a new stake in Bae Systems during the 4th quarter worth about $250,000. Institutional investors own 0.21% of the company’s stock.

Bae Systems Price Performance

OTCMKTS:BAESY opened at $106.11 on Monday. Bae Systems PLC has a 12 month low of $84.50 and a 12 month high of $126.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.87 and a current ratio of 0.99. The firm has a fifty day simple moving average of $103.67 and a two-hundred day simple moving average of $108.70.

Analysts Set New Price Targets

BAESY has been the subject of several research analyst reports. Erste Group Bank lowered Bae Systems from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Morgan Stanley reaffirmed an “overweight” rating on shares of Bae Systems in a research note on Thursday, June 25th. Finally, Kepler Capital Markets upgraded Bae Systems from a “hold” rating to a “buy” rating in a report on Wednesday, June 24th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Bae Systems Company Profile

BAE Systems plc is a global defense, security and aerospace company that designs, develops and manufactures a broad range of military and related products and services. Formed in 1999 through the combination of British Aerospace and Marconi Electronic Systems, the company supplies platforms, systems and support across air, land, maritime and cyber domains. Its portfolio spans combat and support aircraft systems, naval shipbuilding and subsystems, armored and land combat solutions, electronic and sensor systems, munitions, and intelligence, surveillance and cybersecurity capabilities.

BAE Systems serves government and military customers worldwide, with particularly large footprints in the United Kingdom and the United States as well as operations and sales across Europe, the Middle East, Australia and other markets.