The Strategy Asset Managers LLC Holds Stake in L-3 Communications Holdings, Inc. (LLL)

The Strategy Asset Managers LLC Holds Stake in L-3 Communications Holdings, Inc. (LLL)

Strategy Asset Managers LLC held its position in L-3 Communications Holdings, Inc. (NYSE:LLL) during the third quarter, Holdings Channel reports. The firm owned 3,700 shares of the company’s stock at the end of the third quarter. Strategy Asset Managers LLC’s holdings in L-3 Communications Holdings were worth $558,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Retirement Systems of Alabama raised its position in L-3 Communications Holdings by 41.5% in the second quarter. Retirement Systems of Alabama now owns 101,695 shares of the company’s stock worth $14,918,000 after buying an additional 29,847 shares during the last quarter. Chicago Equity Partners LLC raised its position in L-3 Communications Holdings by 358.3% in the third quarter. Chicago Equity Partners LLC now owns 71,055 shares of the company’s stock worth $10,710,000 after buying an additional 55,550 shares during the last quarter. Boston Advisors LLC raised its position in L-3 Communications Holdings by 8.7% in the second quarter. Boston Advisors LLC now owns 245,139 shares of the company’s stock worth $35,959,000 after buying an additional 19,715 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in L-3 Communications Holdings by 10.9% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 248,660 shares of the company’s stock worth $36,476,000 after buying an additional 24,373 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its position in L-3 Communications Holdings by 204.9% in the third quarter. Oregon Public Employees Retirement Fund now owns 73,727 shares of the company’s stock worth $11,113,000 after buying an additional 49,547 shares during the last quarter. 79.10% of the stock is currently owned by institutional investors and hedge funds.

Shares of L-3 Communications Holdings, Inc. (NYSE:LLL) traded down 0.07% during trading on Wednesday, reaching $148.49. The company’s stock had a trading volume of 566,486 shares. L-3 Communications Holdings, Inc. has a 12-month low of $105.88 and a 12-month high of $161.91. The stock’s 50-day moving average is $154.66 and its 200-day moving average is $149.99. The stock has a market cap of $11.48 billion, a P/E ratio of 32.98 and a beta of 1.09.

L-3 Communications Holdings (NYSE:LLL) last announced its quarterly earnings results on Thursday, October 27th. The company reported $1.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.82 by $0.06. The company earned $2.50 billion during the quarter, compared to analysts’ expectations of $2.54 billion. L-3 Communications Holdings had a return on equity of 13.90% and a net margin of 3.43%. The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.09 earnings per share. Equities research analysts anticipate that L-3 Communications Holdings, Inc. will post $7.95 earnings per share for the current fiscal year.

A number of brokerages have commented on LLL. Citigroup Inc. upped their price objective on L-3 Communications Holdings from $174.00 to $180.00 and gave the company a “buy” rating in a report on Monday, October 10th. Drexel Hamilton lowered L-3 Communications Holdings from a “buy” rating to a “hold” rating in a report on Friday, October 28th. They noted that the move was a valuation call. Bank of America Corporation lowered L-3 Communications Holdings from a “buy” rating to a “neutral” rating and set a $170.00 price objective on the stock. in a report on Thursday, December 8th. Zacks Investment Research raised L-3 Communications Holdings from a “hold” rating to a “buy” rating and set a $171.00 price objective on the stock in a report on Wednesday, September 28th. Finally, Robert W. Baird began coverage on L-3 Communications Holdings in a report on Wednesday, October 5th. They issued an “outperform” rating and a $184.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. L-3 Communications Holdings has a consensus rating of “Buy” and a consensus price target of $166.29.

In other news, Chairman Michael T. Strianese sold 20,000 shares of L-3 Communications Holdings stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $152.62, for a total value of $3,052,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.30% of the stock is owned by insiders.

About L-3 Communications Holdings

L-3 Communications Holdings, Inc (L-3 Holdings) operates through its operating subsidiary L-3 Communications (L-3). The Company operates through three segments: Electronic Systems, which provides a range of products and services, including components, products, subsystems, systems and related services to military and commercial customers; Aerospace Systems, which provides products and services for the Intelligence, Surveillance and Reconnaissance (ISR) market, specializing in signals intelligence (SIGINT) and multi-intelligence platforms, and Communication Systems, which provides network and communication systems, secure communications products, radio frequency components, satellite communication terminals, and space, microwave and telemetry products.

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