Northwestern Mutual Investment Management Company LLC reduced its position in L-3 Communications Holdings Inc. (NYSE:LLL) by 1.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,937 shares of the company’s stock after selling 37 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in L-3 Communications Holdings were worth $431,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Tuttle Tactical Management LLC bought a new position in L-3 Communications Holdings during the second quarter worth $107,000. PineBridge Investments L.P. boosted its position in L-3 Communications Holdings by 79.7% in the second quarter. PineBridge Investments L.P. now owns 1,003 shares of the company’s stock valued at $147,000 after buying an additional 445 shares during the period. Mizuho Asset Management Co. Ltd. boosted its position in L-3 Communications Holdings by 77.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,008 shares of the company’s stock valued at $148,000 after buying an additional 439 shares during the period. Global X Management Co. LLC boosted its position in L-3 Communications Holdings by 114.8% in the second quarter. Global X Management Co. LLC now owns 1,205 shares of the company’s stock valued at $177,000 after buying an additional 644 shares during the period. Finally, Telos Capital Management Inc. acquired a new position in L-3 Communications Holdings during the second quarter valued at approximately $201,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Shares of L-3 Communications Holdings Inc. (NYSE:LLL) opened at 147.09 on Wednesday. L-3 Communications Holdings Inc. has a 12 month low of $101.13 and a 12 month high of $154.50. The firm’s market capitalization is $11.36 billion. The firm has a 50-day moving average price of $148.90 and a 200 day moving average price of $138.18.

L-3 Communications Holdings (NYSE:LLL) last issued its quarterly earnings data on Thursday, July 28th. The company reported $1.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.69 by $0.19. L-3 Communications Holdings had a positive return on equity of 14.37% and a negative net margin of 0.85%. The firm earned $2.66 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the previous year, the company posted $1.36 EPS. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, analysts anticipate that L-3 Communications Holdings Inc. will post $7.88 EPS for the current fiscal year.

LLL has been the subject of several research analyst reports. Drexel Hamilton upgraded L-3 Communications Holdings from a “hold” rating to a “buy” rating and set a $152.00 target price for the company in a research note on Thursday, May 26th. Credit Suisse Group AG initiated coverage on L-3 Communications Holdings in a research note on Tuesday, June 7th. They set a “buy” rating and a $169.00 target price for the company. Jefferies Group increased their target price on L-3 Communications Holdings from $135.00 to $150.00 and gave the company a “hold” rating in a research note on Friday, July 29th. JPMorgan Chase & Co. upgraded L-3 Communications Holdings from a “neutral” rating to an “overweight” rating and increased their target price for the company from $158.00 to $182.00 in a research note on Thursday, August 25th. Finally, Royal Bank Of Canada upgraded L-3 Communications Holdings from a “sector perform” rating to an “outperform” rating and set a $150.00 target price for the company in a research note on Thursday, May 26th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $154.67.

In other news, Chairman Michael T. Strianese sold 100,000 shares of the business’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $149.64, for a total transaction of $14,964,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Arthur L. Simon sold 3,600 shares of the business’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $149.00, for a total value of $536,400.00. The disclosure for this sale can be found here. Insiders own 3.30% of the company’s stock.

L-3 Communications Holdings Company Profile

L-3 Communications Holdings, Inc (L-3 Holdings) operates through its operating subsidiary L-3 Communications (L-3). The Company operates through three segments: Electronic Systems, which provides a range of products and services, including components, products, subsystems, systems and related services to military and commercial customers; Aerospace Systems, which provides products and services for the Intelligence, Surveillance and Reconnaissance (ISR) market, specializing in signals intelligence (SIGINT) and multi-intelligence platforms, and Communication Systems, which provides network and communication systems, secure communications products, radio frequency components, satellite communication terminals, and space, microwave and telemetry products.

5 Day Chart for NYSE:LLL

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