Ct Mason buys $3,843,546 stake in L-3 Communications Holdings (LLL)

L-3 Communications Holdings (LLL) : Ct Mason scooped up 11,287 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 Oct 4, 2016. The investment management firm now holds a total of 25,547 shares of L-3 Communications Holdings which is valued at $3,843,546.L-3 Communications Holdings makes up approximately 1.70% of Ct Mason’s portfolio.

Other Hedge Funds, Including , Washington Trust Bank reduced its stake in LLL by selling 49 shares or 90.74% in the most recent quarter. The Hedge Fund company now holds 5 shares of LLL which is valued at $752.

L-3 Communications Holdings closed down -0.86 points or -0.57% at $150.17 with 5,46,070 shares getting traded on Tuesday. Post opening the session at $151.12, the shares hit an intraday low of $149.78 and an intraday high of $152.19 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

Many Wall Street Analysts have commented on L-3 Communications Holdings. L-3 Communications Holdings was Initiated by Citigroup to “Buy” on Sep 6, 2016. L-3 Communications Holdings was Upgraded by JP Morgan to ” Overweight” on Aug 25, 2016.

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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