The Harris Corp. (HRS) Shares Bought by KCG Holdings Inc.

The Harris Corp. (HRS) Shares Bought by KCG Holdings Inc.

KCG Holdings Inc. raised its position in Harris Corp. (NYSE:HRS) by 411.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,688 shares of the company’s stock after buying an additional 13,425 shares during the period. KCG Holdings Inc.’s holdings in Harris Corp. were worth $1,529,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Mizuho Asset Management Co. Ltd. increased its stake in Harris Corp. by 178.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,661 shares of the company’s stock worth $139,000 after buying an additional 1,064 shares during the period. Meeder Asset Management Inc. increased its position in shares of Harris Corp. by 157.4% in the third quarter. Meeder Asset Management Inc. now owns 1,552 shares of the company’s stock worth $142,000 after buying an additional 949 shares during the last quarter. CENTRAL TRUST Co increased its position in shares of Harris Corp. by 30.8% in the third quarter. CENTRAL TRUST Co now owns 1,619 shares of the company’s stock worth $149,000 after buying an additional 381 shares during the last quarter. Peddock Capital Advisors LLC bought a new position in shares of Harris Corp. during the third quarter worth $168,000. Finally, Global X Management Co. LLC increased its position in shares of Harris Corp. by 37.3% in the third quarter. Global X Management Co. LLC now owns 1,948 shares of the company’s stock worth $178,000 after buying an additional 529 shares during the last quarter. Hedge funds and other institutional investors own 83.96% of the company’s stock.

Shares of Harris Corp. (NYSE:HRS) traded down 0.85% during mid-day trading on Thursday, hitting $99.99. The stock had a trading volume of 579,761 shares. Harris Corp. has a 52 week low of $70.97 and a 52 week high of $107.54. The stock has a market capitalization of $12.43 billion, a P/E ratio of 37.37 and a beta of 1.33. The stock has a 50 day moving average of $103.78 and a 200-day moving average of $94.58.

Harris Corp. (NYSE:HRS) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.05. The company earned $1.75 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Harris Corp. had a return on equity of 22.84% and a net margin of 4.53%. Harris Corp.’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.31 earnings per share. On average, equities research analysts predict that Harris Corp. will post $5.80 earnings per share for the current year.

HRS has been the topic of a number of recent analyst reports. Seaport Global Securities initiated coverage on Harris Corp. in a research note on Monday, November 7th. They issued a “buy” rating and a $105.00 price objective on the stock. Zacks Investment Research raised Harris Corp. from a “hold” rating to a “buy” rating and set a $104.00 price objective on the stock in a research note on Thursday, November 3rd. Vertical Research initiated coverage on Harris Corp. in a research note on Friday, October 28th. They issued a “buy” rating and a $100.00 price objective on the stock. Finally, Cowen and Company raised Harris Corp. from a “market perform” rating to an “outperform” rating and set a $107.00 price objective on the stock in a research note on Monday, November 7th. Ten equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus target price of $101.50.

In other news, insider Edward J. Zoiss sold 1,884 shares of the company’s stock in a transaction dated Thursday, November 3rd. The stock was sold at an average price of $92.99, for a total transaction of $175,193.16. Following the completion of the transaction, the insider now directly owns 1,702 shares of the company’s stock, valued at $158,268.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.71% of the stock is owned by corporate insiders.

Harris Corp. Company Profile

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