Noked Israel Ltd Sells 445,415 Shares of RADA Electronic Industries Ltd. (NASDAQ:RADA)

Noked Israel Ltd lowered its holdings in shares of RADA Electronic Industries Ltd. (NASDAQ:RADAGet Rating) by 55.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 360,876 shares of the aerospace company’s stock after selling 445,415 shares during the quarter. RADA Electronic Industries comprises 0.8% of Noked Israel Ltd’s portfolio, making the stock its 20th largest holding. Noked Israel Ltd’s holdings in RADA Electronic Industries were worth $3,399,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in RADA. Advisor Group Holdings Inc. lifted its position in RADA Electronic Industries by 13.8% during the third quarter. Advisor Group Holdings Inc. now owns 36,846 shares of the aerospace company’s stock valued at $392,000 after purchasing an additional 4,481 shares during the last quarter. Barclays PLC increased its position in RADA Electronic Industries by 63.0% during the 3rd quarter. Barclays PLC now owns 16,198 shares of the aerospace company’s stock valued at $172,000 after purchasing an additional 6,263 shares during the period. Franklin Resources Inc. purchased a new position in RADA Electronic Industries during the 3rd quarter valued at about $25,858,000. Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of RADA Electronic Industries by 5.2% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,089,522 shares of the aerospace company’s stock valued at $11,593,000 after buying an additional 53,966 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of RADA Electronic Industries by 13.7% in the 3rd quarter. Wellington Management Group LLP now owns 3,004,535 shares of the aerospace company’s stock valued at $31,968,000 after buying an additional 361,800 shares in the last quarter. Institutional investors and hedge funds own 60.03% of the company’s stock.

RADA traded up $0.08 during trading on Friday, reaching $11.35. 274,693 shares of the company’s stock were exchanged, compared to its average volume of 577,385. RADA Electronic Industries Ltd. has a 1 year low of $8.20 and a 1 year high of $16.70. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.44 and a quick ratio of 2.81. The stock has a market capitalization of $563.07 million, a P/E ratio of 27.68 and a beta of 0.76. The company’s fifty day simple moving average is $14.01 and its 200-day simple moving average is $11.53.

A number of analysts recently commented on RADA shares. Canaccord Genuity Group lifted their target price on shares of RADA Electronic Industries from $14.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, April 19th. Zacks Investment Research cut shares of RADA Electronic Industries from a “hold” rating to a “sell” rating in a research note on Friday, May 13th. StockNews.com started coverage on shares of RADA Electronic Industries in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Alliance Global Partners lowered their target price on shares of RADA Electronic Industries from $14.00 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, May 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, RADA Electronic Industries currently has an average rating of “Hold” and a consensus price target of $14.60.

RADA Electronic Industries Profile (Get Rating)

RADA Electronic Industries Ltd., a defense technology company, develops, manufactures, markets, and sells defense electronics to various air forces and companies worldwide. It offers digital video/audio/data recorders; high definition digital video/audio/data recording for fighter and trainer aircrafts; a range of head-up-displays color video cameras for fighter aircraft; and various ground debriefing solutions.

See Also

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Institutional Ownership by Quarter for RADA Electronic Industries (NASDAQ:RADA)

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