L-3 Communications Holdings (LLL) : Forte Capital Adv reduced its stake in L-3 Communications Holdings by 4.01% during the most recent quarter end. The investment management company now holds a total of 14,350 shares of L-3 Communications Holdings which is valued at $2,138,868 after selling 600 shares in L-3 Communications Holdings , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.L-3 Communications Holdings makes up approximately 0.83% of Forte Capital Adv’s portfolio.
Other Hedge Funds, Including , Gulf International Bank (uk) Ltd boosted its stake in LLL in the latest quarter, The investment management firm added 70 additional shares and now holds a total of 24,298 shares of L-3 Communications Holdings which is valued at $3,621,617. L-3 Communications Holdings makes up approx 0.06% of Gulf International Bank (uk) Ltd’s portfolio.British Columbia Investment Management Corp reduced its stake in LLL by selling 12,426 shares or 16.8% in the most recent quarter. The Hedge Fund company now holds 61,557 shares of LLL which is valued at $9,206,465. L-3 Communications Holdings makes up approx 0.09% of British Columbia Investment Management Corp’s portfolio. Ct Financial Advisors sold out all of its stake in LLL during the most recent quarter. The investment firm sold 385 shares of LLL which is valued $57,581.Raymond James Trust N.a. reduced its stake in LLL by selling 39 shares or 1.45% in the most recent quarter. The Hedge Fund company now holds 2,655 shares of LLL which is valued at $401,038. L-3 Communications Holdings makes up approx 0.03% of Raymond James Trust N.a.’s portfolio.Washington Trust Bank reduced its stake in LLL by selling 49 shares or 90.74% in the most recent quarter. The Hedge Fund company now holds 5 shares of LLL which is valued at $752.
L-3 Communications Holdings closed down -1.49 points or -0.99% at $149.56 with 3,86,276 shares getting traded on Tuesday. Post opening the session at $150.46, the shares hit an intraday low of $148.71 and an intraday high of $151.44 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 Initiated by Citigroup to “Buy” on Sep 6, 2016. L-3 Communications Holdings was Upgraded by JP Morgan to ” Overweight” on Aug 25, 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.