Norman Fields Gottscho Capital Management buys $1,428,252 stake in Harris Corporation (HRS)

Harris Corporation (HRS) : Norman Fields Gottscho Capital Management scooped up 5,165 additional shares in Harris Corporation 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 15,560 shares of Harris Corporation which is valued at $1,428,252.Harris Corporation makes up approximately 0.95% of Norman Fields Gottscho Capital Management’s portfolio.

Other Hedge Funds, Including , Eqis Capital Management boosted its stake in HRS in the latest quarter, The investment management firm added 316 additional shares and now holds a total of 5,015 shares of Harris Corporation which is valued at $460,327. Harris Corporation makes up approx 0.03% of Eqis Capital Management’s portfolio.Cullinan Associates Inc reduced its stake in HRS by selling 7,150 shares or 11.11% in the most recent quarter. The Hedge Fund company now holds 57,200 shares of HRS which is valued at $5,250,388. Harris Corporation makes up approx 0.45% of Cullinan Associates Inc’s portfolio.

Harris Corporation closed down -0.24 points or -0.26% at $91.26 with 7,04,286 shares getting traded on Tuesday. Post opening the session at $91.58, the shares hit an intraday low of $90.53 and an intraday high of $92.02 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Harris Corporation reported $1.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $1.43. The company had revenue of $1904.00 million for the quarter, compared to analysts expectations of $1936.65 million. The company’s revenue was up 24.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.32 EPS.

Harris Corporation (Harris) together with its subsidiaries is engaged in providing technology-based solutions to government and commercial customers. As of July 3 2015 the Company operated through four business segments: RF Communications Government Communications Systems Integrated Network Solutions and Exelis. The RF Communications segment is engaged in serving the United States Department of Defense (DoD) and International Tactical Communications and public safety and professional communications markets. The Government Communications Systems segment is engaged in serving civil national intelligence and defense markets. The Integrated Network Solutions segment is engaged in serving information technology (IT) services and managed satellite and terrestrial communications solutions markets. The Exelis segment provides positioning and navigation sensors air traffic management solutions image processing and distribution communications and information systems.

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