Alliancebernstein buys $525,918,146 stake in L-3 Communications Holdings (LLL)

L-3 Communications Holdings (LLL) : Alliancebernstein scooped up 19,038 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 Aug 11, 2016. The investment management firm now holds a total of 3,548,466 shares of L-3 Communications Holdings which is valued at $525,918,146.L-3 Communications Holdings makes up approximately 0.43% of Alliancebernstein’s portfolio.

Other Hedge Funds, Including , Crawford Investment Counsel Inc reduced its stake in LLL by selling 1,160 shares or 3.69% in the most recent quarter. The Hedge Fund company now holds 30,301 shares of LLL which is valued at $4,490,911. L-3 Communications Holdings makes up approx 0.17% of Crawford Investment Counsel Inc’s portfolio. Ironsides Asset Advisors added LLL to its portfolio by purchasing 3,300 company shares during the most recent quarter which is valued at $489,093. L-3 Communications Holdings makes up approx 0.14% of Ironsides Asset Advisors’s portfolio.Wrapmanager Inc boosted its stake in LLL in the latest quarter, The investment management firm added 219 additional shares and now holds a total of 5,010 shares of L-3 Communications Holdings which is valued at $742,532. L-3 Communications Holdings makes up approx 0.30% of Wrapmanager Inc’s portfolio.Spot Trading L.l.c boosted its stake in LLL in the latest quarter, The investment management firm added 13,538 additional shares and now holds a total of 16,830 shares of L-3 Communications Holdings which is valued at $2,526,520. L-3 Communications Holdings makes up approx 0.34% of Spot Trading L.l.c’s portfolio.First Quadrant L Pca boosted its stake in LLL in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 50,000 shares of L-3 Communications Holdings which is valued at $7,462,500. L-3 Communications Holdings makes up approx 0.16% of First Quadrant L Pca’s portfolio.

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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