Ngam Advisors L.P. reduced its position in L-3 Communications Holdings Inc. (NYSE:LLL) by 1.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,890 shares of the company’s stock after selling 658 shares during the period. Ngam Advisors L.P.’s holdings in L-3 Communications Holdings were worth $9,178,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Tuttle Tactical Management LLC bought a new stake in shares of L-3 Communications Holdings during the second quarter valued at $107,000. PineBridge Investments L.P. increased its stake in shares of L-3 Communications Holdings by 79.7% in the second quarter. PineBridge Investments L.P. now owns 1,003 shares of the company’s stock valued at $147,000 after buying an additional 445 shares during the last quarter. Penserra Capital Management LLC increased its stake in shares of L-3 Communications Holdings by 147.5% in the third quarter. Penserra Capital Management LLC now owns 980 shares of the company’s stock valued at $147,000 after buying an additional 584 shares during the last quarter. Mizuho Asset Management Co. Ltd. increased its stake in shares of L-3 Communications Holdings by 77.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,008 shares of the company’s stock valued at $148,000 after buying an additional 439 shares during the last quarter. Finally, NEXT Financial Group Inc increased its stake in shares of L-3 Communications Holdings by 128.6% in the third quarter. NEXT Financial Group Inc now owns 1,054 shares of the company’s stock valued at $159,000 after buying an additional 593 shares during the last quarter. Institutional investors 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 1.19% during midday trading on Tuesday, hitting $158.39. The stock had a trading volume of 180,690 shares. The company’s 50 day moving average price is $146.87 and its 200-day moving average price is $146.72. L-3 Communications Holdings Inc. has a 52-week low of $105.88 and a 52-week high of $158.45. The stock has a market cap of $12.24 billion, a PE ratio of 35.18 and a beta of 1.05.

L-3 Communications Holdings (NYSE:LLL) last issued its quarterly earnings results on Thursday, October 27th. The company reported $1.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.82 by $0.06. L-3 Communications Holdings had a return on equity of 13.90% and a net margin of 3.43%. The firm earned $2.50 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same period last year, the company earned $2.09 EPS. L-3 Communications Holdings’s quarterly revenue was down 2.3% compared to the same quarter last year. Analysts forecast that L-3 Communications Holdings Inc. will post $7.95 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, November 17th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Tuesday, November 15th. L-3 Communications Holdings’s dividend payout ratio is currently 61.95%.

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Several brokerages have weighed in on LLL. Barclays PLC upgraded L-3 Communications Holdings from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $155.00 to $165.00 in a research report on Thursday, November 10th. Zacks Investment Research downgraded L-3 Communications Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, November 1st. Vertical Research started coverage on L-3 Communications Holdings in a report on Friday, October 28th. They set a “hold” rating for the company. Vertical Group started coverage on L-3 Communications Holdings in a report on Friday, October 28th. They set a “hold” rating for the company. Finally, Drexel Hamilton downgraded 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. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $161.54.

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.

5 Day Chart for NYSE:LLL

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