Dynamic Capital Management Ltd adds L-3 Communications Holdings (LLL) to its portfolio

L-3 Communications Holdings (LLL) : Dynamic Capital Management Ltd added new position in L-3 Communications Holdings during the most recent quarter end. The investment management firm now holds 55,263 shares of L-3 Communications Holdings which is valued at $8,190,529 , the company said in a statement filed on Aug 15, 2016 with the SEC.L-3 Communications Holdings makes up approximately 0.92% of Dynamic Capital Management Ltd’s portfolio.

Other Hedge Funds, Including , Verition Fund Management added LLL to its portfolio by purchasing 4,945 company shares during the most recent quarter which is valued at $732,898. L-3 Communications Holdings makes up approx 0.18% of Verition Fund Management’s portfolio.Bluemountain Capital Management boosted its stake in LLL in the latest quarter, The investment management firm added 12,028 additional shares and now holds a total of 17,229 shares of L-3 Communications Holdings which is valued at $2,553,510. L-3 Communications Holdings makes up approx 0.08% of Bluemountain Capital Management’s portfolio. Newfound Research added LLL to its portfolio by purchasing 16 company shares during the most recent quarter which is valued at $2,385.New York State Teachers Retirement System reduced its stake in LLL by selling 81 shares or 0.06% in the most recent quarter. The Hedge Fund company now holds 142,575 shares of LLL which is valued at $21,108,229. L-3 Communications Holdings makes up approx 0.05% of New York State Teachers Retirement System’s portfolio.

L-3 Communications Holdings opened for trading at $148.73 and hit $149.5 on the upside on Thursday, eventually ending the session at $149.34, with a gain of 0.35% or 0.52 points. The heightened volatility saw the trading volume jump to 3,36,215 shares. Company has a market cap of $11,535 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.

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 was Upgraded by Drexel Hamilton to ” Buy” on May 20, 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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