Lazard Asset Management LLC Grows Holdings in RADA Electronic Industries Ltd. (NASDAQ:RADA)

Lazard Asset Management LLC increased its position in shares of RADA Electronic Industries Ltd. (NASDAQ:RADAGet Rating) by 40.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 12,809 shares of the aerospace company’s stock after buying an additional 3,702 shares during the period. Lazard Asset Management LLC’s holdings in RADA Electronic Industries were worth $118,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TownSquare Capital LLC increased its position in shares of RADA Electronic Industries by 88.9% in the 2nd quarter. TownSquare Capital LLC now owns 19,566 shares of the aerospace company’s stock worth $181,000 after purchasing an additional 9,209 shares during the last quarter. TimesSquare Capital Management LLC bought a new stake in shares of RADA Electronic Industries in the 2nd quarter worth about $9,937,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of RADA Electronic Industries by 49.7% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 72,296 shares of the aerospace company’s stock worth $668,000 after purchasing an additional 23,995 shares during the last quarter. Stephens Investment Management Group LLC bought a new stake in shares of RADA Electronic Industries in the 2nd quarter worth about $7,457,000. Finally, Meitav Dash Investments Ltd. increased its position in shares of RADA Electronic Industries by 10.9% in the 2nd quarter. Meitav Dash Investments Ltd. now owns 2,011,194 shares of the aerospace company’s stock worth $18,501,000 after purchasing an additional 198,272 shares during the last quarter. Hedge funds and other institutional investors own 59.76% of the company’s stock.

RADA Electronic Industries Stock Performance

NASDAQ RADA opened at $10.11 on Wednesday. RADA Electronic Industries Ltd. has a one year low of $7.51 and a one year high of $16.70. The company has a 50-day simple moving average of $10.31 and a 200-day simple moving average of $10.58. The firm has a market capitalization of $502.73 million, a PE ratio of 84.26 and a beta of 0.95.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of RADA Electronic Industries in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $15.67.

About RADA Electronic Industries

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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.

Further Reading

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

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