L-3 Communications Holdings (LLL) : Fragasso Group scooped up 620 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 Apr 11, 2016. The investment management firm now holds a total of 10,659 shares of L-3 Communications Holdings which is valued at $1,284,410.L-3 Communications Holdings makes up approximately 0.50% of Fragasso Group’s portfolio.
L-3 Communications Holdings opened for trading at $119.44 and hit $121.08 on the upside on Friday, eventually ending the session at $120.5, with a gain of 0.50% or 0.6 points. The heightened volatility saw the trading volume jump to 11,71,464 shares. Company has a market cap of $9,377 M.
Other Hedge Funds, Including , Sunnymeath Asset Management added LLL to its portfolio by purchasing 760 company shares during the most recent quarter which is valued at $90,698. L-3 Communications Holdings makes up approx 0.14% of Sunnymeath Asset Management’s portfolio.
On the company’s financial health, L-3 Communications Holdings reported $2.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.31 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $1.85. The company had revenue of $2871.00 million for the quarter, compared to analysts expectations of $2820.14 million. The company’s revenue was down -3.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.27 EPS.
Many Wall Street Analysts have commented on L-3 Communications Holdings. Company shares were Reiterated by Barclays on Feb 16, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 126 from a previous price target of $123 .BofA/Merrill Upgraded L-3 Communications Holdings on Feb 1, 2016 to ” Buy”, Price Target of the shares are set at $135.
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.