BNP Paribas Arbitrage SA lowered its stake in shares of L-3 Communications Holdings Inc. (NYSE:LLL) by 28.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,535 shares of the company’s stock after selling 8,987 shares during the period. BNP Paribas Arbitrage SA’s holdings in L-3 Communications Holdings were worth $3,397,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of LLL. Adage Capital Partners GP L.L.C. acquired a new stake in shares of L-3 Communications Holdings during the second quarter valued at $88,005,000. Ameriprise Financial Inc. raised its stake in shares of L-3 Communications Holdings by 811.1% in the second quarter. Ameriprise Financial Inc. now owns 518,890 shares of the company’s stock valued at $76,113,000 after buying an additional 461,939 shares during the period. Vanguard Group Inc. raised its stake in shares of L-3 Communications Holdings by 6.1% in the second quarter. Vanguard Group Inc. now owns 7,167,942 shares of the company’s stock valued at $1,051,465,000 after buying an additional 414,327 shares during the period. TIAA CREF Investment Management LLC raised its stake in shares of L-3 Communications Holdings by 47.1% in the second quarter. TIAA CREF Investment Management LLC now owns 760,376 shares of the company’s stock valued at $111,540,000 after buying an additional 243,413 shares during the period. Finally, BlackRock Advisors LLC raised its stake in shares of L-3 Communications Holdings by 144.9% in the second quarter. BlackRock Advisors LLC now owns 384,266 shares of the company’s stock valued at $56,368,000 after buying an additional 227,359 shares during the period. Institutional investors and hedge funds own 79.19% of the company’s stock.

Institutional Ownership by Quarter for L-3 Communications Holdings (NYSE:LLL)

L-3 Communications Holdings Inc. (NYSE:LLL) traded up 1.35% during midday trading on Tuesday, hitting $158.63. 474,521 shares of the company were exchanged. L-3 Communications Holdings Inc. has a one year low of $105.88 and a one year high of $158.86. The stock has a market capitalization of $12.26 billion, a PE ratio of 35.24 and a beta of 1.05. The firm’s 50-day moving average price is $146.87 and its 200-day moving average price is $146.72.

L-3 Communications Holdings (NYSE:LLL) last announced its quarterly earnings data on Thursday, October 27th. The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.06. The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.54 billion. L-3 Communications Holdings had a net margin of 3.43% and a return on equity of 13.90%. The business’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $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 year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, November 17th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $2.80 dividend on an annualized basis and a yield of 1.77%. L-3 Communications Holdings’s payout ratio is 61.95%.

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Several equities analysts recently issued reports on LLL shares. Barclays PLC raised shares of L-3 Communications Holdings from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $155.00 to $165.00 in a report on Thursday, November 10th. Zacks Investment Research raised shares of L-3 Communications Holdings from a “hold” rating to a “buy” rating and set a $157.00 price target for the company in a report on Monday, October 31st. Deutsche Bank AG reissued a “buy” rating and set a $160.00 price target on shares of L-3 Communications Holdings in a report on Monday, August 15th. Robert W. Baird started coverage on shares of L-3 Communications Holdings in a report on Wednesday, October 5th. They set an “outperform” rating and a $184.00 price target for the company. Finally, Citigroup Inc. lifted their price target on shares of L-3 Communications Holdings from $174.00 to $180.00 and gave the company a “buy” rating in a report on Monday, October 10th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. L-3 Communications Holdings presently has a consensus rating of “Buy” and an average target price of $161.54.

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.

5 Day Chart for NYSE:LLL

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