Yousif Capital Management LLC Reduces Stake in BAE Systems plc

Yousif Capital Management LLC has reduced its investment in shares of BAE Systems plc (OTCMKTS:BAESY) by 26.0% in the fourth quarter, according to recent reports. After selling 3,000 shares during this period, the institutional investor now holds 8,548 shares of the aerospace firm’s stock. As indicated in its latest SEC filing, the value of these holdings amounts to approximately $492,000.

In addition to Yousif Capital Management, several other large investors have also adjusted their positions in BAE Systems recently. For instance, Nisa Investment Advisors LLC initiated a new position during the fourth quarter, valued at about $26,000. Meanwhile, Principal Street Partners LLC increased its stake by 99.0% in the third quarter and now owns 17,628 shares worth $1,178,000 after adding 8,769 shares to its portfolio. Dorsey Wright & Associates also expanded its position by 11.7% during the same quarter, bringing its total holdings to 56,856 shares valued at $3,775,000, following an additional purchase of 5,936 shares. Finally, Altrius Capital Management Inc raised its stake in BAE Systems by 2.3% in the third quarter, now owning 109,506 shares worth $7,266,000 after buying an extra 2,470 shares. Currently, about 0.21% of BAE Systems is held by institutional investors and hedge funds.

Recent Analyst Ratings

In a separate note, Bank of America reiterated an “underperform” rating on shares of BAE Systems on November 29th.

Stock Performance of BAE Systems

The shares of BAESY opened at $61.90 on Monday. The company maintains a quick ratio of 0.91, a current ratio of 1.03, and a debt-to-equity ratio of 0.72. Over the past year, BAE Systems has experienced a low of $56.19 and a high of $72.81. Currently, the stock's 50-day moving average stands at $59.49, while its 200-day moving average is at $64.77.

Overview of BAE Systems

BAE Systems plc offers a range of defense, aerospace, and security solutions globally. The company operates through five distinct segments: Electronic Systems, Platforms & Services, Air, Maritime, and Cyber & Intelligence. The Electronic Systems segment provides various technologies including electronic warfare systems, navigation systems, electro-optical sensors, and military communication systems.

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