Advisory Services Network LLC Has $117,000 Position in L-3 Communications Holdings Inc. (LLL)
Advisory Services Network LLC held its position in L-3 Communications Holdings Inc. (NYSE:LLL) during the second quarter, Holdings Channel reports. The fund owned 794 shares of the company’s stock at the end of the second quarter. Advisory Services Network LLC’s holdings in L-3 Communications Holdings were worth $117,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. BlackRock Group LTD increased its position in L-3 Communications Holdings by 1.4% in the first quarter. BlackRock Group LTD now owns 570,805 shares of the company’s stock valued at $67,640,000 after buying an additional 7,840 shares during the period. Renaissance Technologies LLC increased its position in L-3 Communications Holdings by 388.8% in the first quarter. Renaissance Technologies LLC now owns 541,600 shares of the company’s stock worth $64,180,000 after buying an additional 430,800 shares during the period. Legal & General Group Plc increased its position in L-3 Communications Holdings by 0.8% in the first quarter. Legal & General Group Plc now owns 381,561 shares of the company’s stock worth $45,219,000 after buying an additional 3,021 shares during the period. Boston Advisors LLC increased 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 period. Finally, Retirement Systems of Alabama increased 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 period. Hedge funds and other institutional investors own 80.41% of the company’s stock.
Shares of L-3 Communications Holdings Inc. (NYSE:LLL) traded down 0.23% during mid-day trading on Wednesday, hitting $149.22. The company had a trading volume of 462,782 shares. The firm’s market cap is $11.53 billion. The firm’s 50 day moving average is $149.42 and its 200-day moving average is $141.56. L-3 Communications Holdings Inc. has a 12-month low of $105.88 and a 12-month high of $154.50.
L-3 Communications Holdings (NYSE:LLL) last announced its quarterly earnings results on Thursday, July 28th. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.19. L-3 Communications Holdings had a positive return on equity of 14.37% and a negative net margin of 0.85%. The company earned $2.66 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter in the previous year, the firm earned $1.36 earnings per share. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, equities analysts expect that L-3 Communications Holdings Inc. will post $7.88 EPS for the current year.
LLL has been the topic of a number of research reports. Jefferies Group raised their price objective on L-3 Communications Holdings from $135.00 to $150.00 and gave the stock a “hold” rating in a report on Friday, July 29th. Robert W. Baird initiated coverage on L-3 Communications Holdings in a research note on Wednesday, October 5th. They issued an “outperform” rating and a $184.00 target price for the company. JPMorgan Chase & Co. upgraded L-3 Communications Holdings from a “neutral” rating to an “overweight” rating and increased their target price for the company from $158.00 to $182.00 in a research note on Thursday, August 25th. Deutsche Bank AG reiterated a “buy” rating and issued a $160.00 target price on shares of L-3 Communications Holdings in a research note on Monday, August 15th. Finally, Zacks Investment Research upgraded L-3 Communications Holdings from a “hold” rating to a “buy” rating and set a $170.00 target price for the company in a research note on Monday, August 1st. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. L-3 Communications Holdings has a consensus rating of “Buy” and an average price target of $157.46.
In related news, Director Claude R. Canizares sold 2,469 shares of the business’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $150.23, for a total transaction of $370,917.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ralph Dambrosio sold 12,760 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $150.00, for a total value of $1,914,000.00. The disclosure for this sale can be found here. Corporate insiders own 3.30% of the company’s stock.
L-3 Communications Holdings Company Profile
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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