Boston Advisors buys $36,143,294 stake in L-3 Communications Holdings (LLL)

L-3 Communications Holdings (LLL) : Boston Advisors scooped up 19,715 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 Jul 26, 2016. The investment management firm now holds a total of 245,139 shares of L-3 Communications Holdings which is valued at $36,143,294.L-3 Communications Holdings makes up approximately 0.87% of Boston Advisors’s portfolio.

Other Hedge Funds, Including , Calamos Advisors boosted its stake in LLL in the latest quarter, The investment management firm added 3 additional shares and now holds a total of 8,596 shares of L-3 Communications Holdings which is valued at $1,267,394. L-3 Communications Holdings makes up approx 0.01% of Calamos Advisors’s portfolio.Regentatlantic Capital reduced its stake in LLL by selling 6,605 shares or 11.0% in the most recent quarter. The Hedge Fund company now holds 53,454 shares of LLL which is valued at $7,978,010. L-3 Communications Holdings makes up approx 0.75% of Regentatlantic Capital’s portfolio.Cutler Group Lp boosted its stake in LLL in the latest quarter, The investment management firm added 146 additional shares and now holds a total of 707 shares of L-3 Communications Holdings which is valued at $105,541. L-3 Communications Holdings makes up approx 0.01% of Cutler Group Lp’s portfolio.Fragasso Group boosted its stake in LLL in the latest quarter, The investment management firm added 163 additional shares and now holds a total of 10,822 shares of L-3 Communications Holdings which is valued at $1,615,508. L-3 Communications Holdings makes up approx 0.59% of Fragasso Group’s portfolio.

L-3 Communications Holdings opened for trading at $149.57 and hit $151.99 on the upside on Friday, eventually ending the session at $151.63, with a gain of 1.19% or 1.79 points. The heightened volatility saw the trading volume jump to 6,21,314 shares. Company has a market cap of $11,668 M.

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 .Company shares were Reiterated by Barclays on May 2, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 133 from a previous price target of $126 .

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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