Bae Systems (OTCMKTS:BAESY) Shares Down 3.8% – Time to Sell?

Bae Systems PLC (OTCMKTS:BAESY) shares were down 3.8% during trading on Monday . The stock traded as low as $86.01 and last traded at $86.2655. Approximately 137,816 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 426,932 shares. The stock had previously closed at $89.69.

Analysts Set New Price Targets

Several analysts have recently commented on BAESY shares. Erste Group Bank assumed coverage on Bae Systems in a report on Friday, October 3rd. They set a “buy” rating on the stock. Jefferies Financial Group upgraded shares of Bae Systems from a “hold” rating to a “buy” rating in a research report on Friday, August 1st. Finally, The Goldman Sachs Group started coverage on Bae Systems in a research note on Friday, September 19th. They set a “buy” rating for the company. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Bae Systems presently has an average rating of “Moderate Buy”.

Bae Systems Price Performance

The firm’s fifty day moving average price is $101.94 and its 200-day moving average price is $100.52.

Hedge Funds Weigh In On Bae Systems

Several institutional investors have recently modified their holdings of BAESY. Salomon & Ludwin LLC grew its position in shares of Bae Systems by 3,150.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 260 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 252 shares during the period. Hantz Financial Services Inc. raised its holdings in Bae Systems by 73.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 327 shares of the aerospace company’s stock worth $36,000 after buying an additional 138 shares during the period. Steigerwald Gordon & Koch Inc. bought a new position in Bae Systems in the third quarter valued at approximately $44,000. First Horizon Advisors Inc. boosted its holdings in shares of Bae Systems by 68.7% in the second quarter. First Horizon Advisors Inc. now owns 1,046 shares of the aerospace company’s stock valued at $110,000 after buying an additional 426 shares during the period. Finally, Atlas Capital Advisors Inc. increased its position in shares of Bae Systems by 116.9% during the first quarter. Atlas Capital Advisors Inc. now owns 1,900 shares of the aerospace company’s stock worth $156,000 after acquiring an additional 1,024 shares in the last quarter. Institutional investors own 0.21% of the company’s stock.

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.