L-3 Communications Holdings (LLL) : Philadelphia Trust Co reduced its stake in L-3 Communications Holdings by 7.49% during the most recent quarter end. The investment management company now holds a total of 165,611 shares of L-3 Communications Holdings which is valued at $25,492,501 after selling 13,406 shares in L-3 Communications Holdings , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.L-3 Communications Holdings makes up approximately 2.15% of Philadelphia Trust Co’s portfolio.
Other Hedge Funds, Including , Schwab Charles Investment Management Inc boosted its stake in LLL in the latest quarter, The investment management firm added 9,749 additional shares and now holds a total of 278,210 shares of L-3 Communications Holdings which is valued at $42,824,865. L-3 Communications Holdings makes up approx 0.05% of Schwab Charles Investment Management Inc’s portfolio.Mutual Of America Capital Management reduced its stake in LLL by selling 205 shares or 0.98% in the most recent quarter. The Hedge Fund company now holds 20,776 shares of LLL which is valued at $2,801,851. L-3 Communications Holdings makes up approx 0.06% of Mutual Of America Capital Management’s portfolio. Concannon Wealth Management added LLL to its portfolio by purchasing 105 company shares during the most recent quarter which is valued at $14,711. L-3 Communications Holdings makes up approx 0.02% of Concannon Wealth Management’s portfolio.Berkshire Asset Managementpa reduced its stake in LLL by selling 1,115 shares or 29.97% in the most recent quarter. The Hedge Fund company now holds 2,605 shares of LLL which is valued at $385,358. L-3 Communications Holdings makes up approx 0.06% of Berkshire Asset Managementpa’s portfolio.
L-3 Communications Holdings opened for trading at $149.44 and hit $152.28 on the upside on Monday, eventually ending the session at $152.2, with a gain of 1.49% or 2.23 points. The heightened volatility saw the trading volume jump to 5,30,995 shares. Company has a market cap of $11,766 M.
On the company’s financial health, L-3 Communications Holdings reported $1.88 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $1.82. The company had revenue of $2505.00 million for the quarter, compared to analysts expectations of $2544.94 million. The company’s revenue was down -2.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.09 EPS.
Many Wall Street Analysts have commented on L-3 Communications Holdings. Company shares were Upgraded by Barclays on Nov 10, 2016 to ” Overweight”, Firm has raised the Price Target to $ 165 from a previous price target of $155 .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.