L-3 Communications Holdings (LLL) : Dumont Blake Investment Advisors reduced its stake in L-3 Communications Holdings by 1.36% during the most recent quarter end. The investment management company now holds a total of 7,247 shares of L-3 Communications Holdings which is valued at $898,845 after selling 100 shares in L-3 Communications Holdings , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.L-3 Communications Holdings makes up approximately 0.46% of Dumont Blake Investment Advisors’s portfolio.
L-3 Communications Holdings opened for trading at $126.44 and hit $131.54 on the upside on Wednesday, eventually ending the session at $130.88, with a gain of 4.85% or 6.06 points. The heightened volatility saw the trading volume jump to 14,58,033 shares. Company has a market cap of $10,185 M.
Other Hedge Funds, Including , Advisory Services Network boosted its stake in LLL in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 794 shares of L-3 Communications Holdings which is valued at $98,480. L-3 Communications Holdings makes up approx 0.03% of Advisory Services Network’s portfolio.Next Financial Group Inc boosted its stake in LLL in the latest quarter, The investment management firm added 76 additional shares and now holds a total of 461 shares of L-3 Communications Holdings which is valued at $57,178. L-3 Communications Holdings makes up approx 0.02% of Next Financial Group Inc’s portfolio.Naples Global Advisors reduced its stake in LLL by selling 49 shares or 1.3% in the most recent quarter. The Hedge Fund company now holds 3,725 shares of LLL which is valued at $448,863. L-3 Communications Holdings makes up approx 0.19% of Naples Global Advisors’s portfolio.Stonebridge Capital Management Inc reduced its stake in LLL by selling 1,115 shares or 24.97% in the most recent quarter. The Hedge Fund company now holds 3,350 shares of LLL which is valued at $403,675. L-3 Communications Holdings makes up approx 0.17% of Stonebridge Capital Management Inc’s portfolio.Livingston Group Asset Management Co (operating As Southp… reduced its stake in LLL by selling 10 shares or 0.17% in the most recent quarter. The Hedge Fund company now holds 6,031 shares of LLL which is valued at $719,740. L-3 Communications Holdings makes up approx 0.47% of Livingston Group Asset Management Co (operating As Southp…’s portfolio.
On the company’s financial health, L-3 Communications Holdings reported $2.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.50 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $1.58. The company had revenue of $2353.00 million for the quarter, compared to analysts expectations of $2352.59 million. The company’s revenue was down -5.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.43 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.