Bae Systems (OTCMKTS:BAESY) Sees Large Volume Increase – Time to Buy?

Bae Systems PLC (OTCMKTS:BAESY) saw unusually-high trading volume on Monday . Approximately 848,078 shares traded hands during trading, an increase of 127% from the previous session’s volume of 374,285 shares.The stock last traded at $100.96 and had previously closed at $96.31.

Wall Street Analyst Weigh In

BAESY has been the topic of several recent research reports. Erste Group Bank assumed coverage on Bae Systems in a report on Friday, October 3rd. They set a “buy” rating on the stock. The Goldman Sachs Group assumed coverage on shares of Bae Systems in a research report on Friday, September 19th. They set a “buy” rating for the company. Five equities research 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 MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Bae Systems Stock Performance

The stock’s 50 day moving average price is $92.58 and its 200-day moving average price is $98.43.

Hedge Funds Weigh In On Bae Systems

Institutional investors have recently made changes to their positions in the company. Confluence Investment Management LLC lifted its holdings in shares of Bae Systems by 4.7% during the 4th quarter. Confluence Investment Management LLC now owns 12,792 shares of the aerospace company’s stock valued at $1,188,000 after purchasing an additional 577 shares during the last quarter. Arrow Capital Pty Ltd purchased a new stake in Bae Systems in the third quarter valued at about $5,531,000. L & S Advisors Inc boosted its holdings in Bae Systems by 13.1% in the third quarter. L & S Advisors Inc now owns 18,845 shares of the aerospace company’s stock worth $2,105,000 after acquiring an additional 2,176 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in shares of Bae Systems by 73.0% during the third quarter. Hantz Financial Services Inc. now owns 327 shares of the aerospace company’s stock valued at $36,000 after acquiring an additional 138 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. acquired a new stake in Bae Systems in the 3rd quarter worth approximately $44,000. Hedge funds and other institutional investors own 0.21% of the company’s stock.

About Bae Systems

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.