Bourgeon Capital Management buys $3,768,012 stake in L-3 Communications Holdings (LLL)

L-3 Communications Holdings (LLL) : Bourgeon Capital Management scooped up 250 additional shares in L-3 Communications Holdings during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 25,100 shares of L-3 Communications Holdings which is valued at $3,768,012.L-3 Communications Holdings makes up approximately 2.33% of Bourgeon Capital Management’s portfolio.

Other Hedge Funds, Including , Spot Trading L.l.c boosted its stake in LLL in the latest quarter, The investment management firm added 13,538 additional shares and now holds a total of 16,830 shares of L-3 Communications Holdings which is valued at $2,526,520. L-3 Communications Holdings makes up approx 0.34% of Spot Trading L.l.c’s portfolio.Lmr Partners Llp reduced its stake in LLL by selling 1,555 shares or 30.66% in the most recent quarter. The Hedge Fund company now holds 3,516 shares of LLL which is valued at $533,131. L-3 Communications Holdings makes up approx 0.08% of Lmr Partners Llp’s portfolio.Investment Counsel boosted its stake in LLL in the latest quarter, The investment management firm added 99 additional shares and now holds a total of 2,703 shares of L-3 Communications Holdings which is valued at $403,423. L-3 Communications Holdings makes up approx 0.32% of Investment Counsel’s portfolio.

L-3 Communications Holdings closed down -1.03 points or -0.68% at $149.97 with 3,30,242 shares getting traded on Monday. Post opening the session at $150.8, the shares hit an intraday low of $149.52 and an intraday high of $151.28 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, L-3 Communications Holdings reported $1.88 EPS for the quarter, beating the analyst consensus estimate by $ 0.19 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.69. The company had revenue of $2664.00 million for the quarter, compared to analysts expectations of $2492.63 million. The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.36 EPS.

Investors should note that on Jun 21, 2016, L-3 Communications Holdings announced a cash dividend of $0.7000. The company’s management has announced Aug 15, 2016 as the ex-dividend date and fixed the record date on Aug 17, 2016. The payable date has been fixed on Sep 15, 2016.

Many Wall Street Analysts have commented on L-3 Communications Holdings. L-3 Communications Holdings was Upgraded by Drexel Hamilton to ” Buy” on May 20, 2016. Company shares were Upgraded by RBC Capital Mkts on May 19, 2016 to ” Outperform”, Firm has raised the Price Target to $ 150 from a previous price target of $137 .

L-3 Communications Holdings Inc. (L-3 Holdings) operates through its wholly owned operating subsidiary L-3 Communications Corporation (L-3 Communications). L-3 is a prime contractor in intelligence surveillance and reconnaissance (ISR) systems aircraft sustainment (including modifications logistics and maintenance) simulation and training night vision and image intensification equipment enterprise and mission information technology (IT) solutions and cyber operations. L-3 also provides a range of communication and electronic systems and products used on military and commercial platforms. It operates in four segments: Electronic Systems Aerospace Systems Communication Systems and National Security Solutions (NSS). Its customers include the United States Department of Defense and its prime contractors the United States Government intelligence agencies the United States Department of Homeland Security foreign Governments and domestic and international commercial customers.

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