BAE Systems plc (OTCMKTS:BAESY) Shares Acquired by Principal Street Partners LLC

Principal Street Partners LLC increased its stake in BAE Systems plc (OTCMKTS:BAESY) by 99.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,628 shares of the aerospace company’s stock after acquiring an additional 8,769 shares during the period. Principal Street Partners LLC’s holdings in BAE Systems were worth $1,178,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in shares of BAE Systems by 20.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,870 shares of the aerospace company’s stock valued at $125,000 after buying an additional 322 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of BAE Systems by 29.3% in the 2nd quarter. Rhumbline Advisers now owns 4,593 shares of the aerospace company’s stock valued at $307,000 after acquiring an additional 1,042 shares during the period. Atlas Capital Advisors LLC raised its position in BAE Systems by 68.9% in the 2nd quarter. Atlas Capital Advisors LLC now owns 4,044 shares of the aerospace company’s stock valued at $270,000 after purchasing an additional 1,650 shares during the last quarter. Altrius Capital Management Inc boosted its stake in BAE Systems by 2.3% during the 3rd quarter. Altrius Capital Management Inc now owns 109,506 shares of the aerospace company’s stock worth $7,266,000 after purchasing an additional 2,470 shares during the period. Finally, Confluence Investment Management LLC purchased a new position in BAE Systems during the 2nd quarter worth $682,000. 0.21% of the stock is currently owned by hedge funds and other institutional investors.

BAE Systems Trading Down 2.7 %

BAESY stock opened at $65.31 on Tuesday. The firm has a 50 day moving average of $67.62 and a 200-day moving average of $68.12. BAE Systems plc has a 12-month low of $51.72 and a 12-month high of $72.81.

BAE Systems Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, December 9th. Shareholders of record on Friday, October 25th will be issued a dividend of $0.6333 per share. The ex-dividend date of this dividend is Friday, October 25th.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded BAE Systems from a “neutral” rating to a “buy” rating in a research note on Monday, July 29th.

BAE Systems Company Profile

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.