L 3 Communications Holdings Inc (LLL): John S Mega , officer of L 3 Communications Holdings Inc sold 28,960 shares on May 6, 2016. The Insider selling transaction was reported by the company on May 9, 2016 to the Securities and Exchange Commission. The shares were sold at $135.78 per share for a total value of $3,931,878.50 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 5, 2016, Steven M Post (officer ) sold 16,640 shares at $133.96 per share price.On May 4, 2016, Steven Kantor (officer ) sold 16,090 shares at $133.00 per share price.Also, On May 3, 2016, Michael T Strianese (Chairman and CEO) sold 45,511 shares at $133.90 per share price.On Mar 2, 2016, Ralph Dambrosio (SVP & Chief Financial Officer) sold 11,000 shares at $118.55 per share price.
L-3 Communications Holdings: On Friday, May 6, 2016 heightened volatility was witnessed in L-3 Communications Holdings which led to swings in the share price. The shares opened for trading at $135.34 and hit $136.66 on the upside , eventually ending the session at $136.59, with a gain of 0.62% or 0.84 points. The heightened volatility saw the trading volume jump to 7,88,937 shares. The 52-week high of the share price is $136.66 and the company has a market cap of $10,511 M . The 52-week low of the share price is at $101.11.
Company has been under the radar of several Street Analysts.L-3 Communications Holdings is Reiterated by Barclays to Equal Weight and the brokerage firm has raised the Price Target to $ 133 from a previous price target of $126 .The Rating was issued on May 2, 2016.L-3 Communications Holdings is Upgraded by Goldman to Buy. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on May 2, 2016.L-3 Communications Holdings is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 137 from a previous price target of $135 .The Rating was issued on Apr 28, 2016.L-3 Communications Holdings is Reiterated by Barclays to Equal Weight and the brokerage firm has raised the Price Target to $ 126 from a previous price target of $123 .The Rating was issued on Feb 16, 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.