Fil Ltd Lowers stake in L-3 Communications Holdings (LLL)

L-3 Communications Holdings (LLL) : Fil Ltd reduced its stake in L-3 Communications Holdings by 11.82% during the most recent quarter end. The investment management company now holds a total of 2,833,574 shares of L-3 Communications Holdings which is valued at $419,964,003 after selling 379,711 shares in L-3 Communications Holdings , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.L-3 Communications Holdings makes up approximately 1.28% of Fil Ltd’s portfolio.

Other Hedge Funds, Including , Employees Retirement System Of Texas boosted its stake in LLL in the latest quarter, The investment management firm added 32,000 additional shares and now holds a total of 37,000 shares of L-3 Communications Holdings which is valued at $5,483,770. L-3 Communications Holdings makes up approx 0.07% of Employees Retirement System Of Texas’s portfolio.Evercore Wealth Management boosted its stake in LLL in the latest quarter, The investment management firm added 121 additional shares and now holds a total of 471 shares of L-3 Communications Holdings which is valued at $70,707.American Century Companies Inc boosted its stake in LLL in the latest quarter, The investment management firm added 440 additional shares and now holds a total of 18,360 shares of L-3 Communications Holdings which is valued at $2,706,998.Creative Planning boosted its stake in LLL in the latest quarter, The investment management firm added 783 additional shares and now holds a total of 2,171 shares of L-3 Communications Holdings which is valued at $324,087.

L-3 Communications Holdings closed down -1.88 points or -1.26% at $147.08 with 7,09,043 shares getting traded on Tuesday. Post opening the session at $149.48, the shares hit an intraday low of $147.02 and an intraday high of $149.48 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 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. Company shares were Upgraded by RBC Capital Mkts on May 19, 2016 to ” Outperform”, Firm has raised the Price Target to $ 150 from a previous price target of $137 .

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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