Hedge Funds Don’t Have Elbit Systems Ltd. (USA) (ESLT) On Their Radars

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Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Elbit Systems Ltd. (USA) (NASDAQ:ESLT) but similarly valued. We will take a look at Post Properties Inc (NYSE:PPS), Air Lease Corp (NYSE:AL), Brinker International, Inc. (NYSE:EAT), and Virtu Financial Inc (NASDAQ:VIRT). All of these stocks’ market caps are similar to Elbit Systems Ltd.’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
PPS 18 174438 -3
AL 27 511401 -2
EAT 27 213658 -4
VIRT 12 73049 -6

As you can see these stocks had an average of 21 hedge funds with bullish positions and the average amount invested in these stocks was $243 million. That figure was $10 million in Elbit Systems Ltd.’s case. Air Lease Corp (NYSE:AL) is the most popular stock in this table. On the other hand Virtu Financial Inc (NASDAQ:VIRT) is the least popular one with only 12 bullish hedge fund positions. Compared to these stocks Elbit Systems Ltd. (USA) (NASDAQ:ESLT) is far less popular than even Virtu Financial. Considering that hedge funds aren’t fond of this stock in relation to other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock.

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