Colony Group LLC increased its position in shares of L-3 Communications Holdings, Inc. (NYSE:LLL) by 0.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,886 shares of the aerospace company’s stock after acquiring an additional 206 shares during the quarter. Colony Group LLC’s holdings in L-3 Communications Holdings were worth $4,659,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Acrospire Investment Management LLC acquired a new position in shares of L-3 Communications Holdings during the 2nd quarter valued at about $100,000. Parallel Advisors LLC boosted its position in shares of L-3 Communications Holdings by 4.6% during the 1st quarter. Parallel Advisors LLC now owns 614 shares of the aerospace company’s stock valued at $103,000 after acquiring an additional 27 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in shares of L-3 Communications Holdings by 103.1% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 654 shares of the aerospace company’s stock valued at $109,000 after acquiring an additional 332 shares during the last quarter. FNY Partners Fund LP acquired a new position in shares of L-3 Communications Holdings during the 1st quarter valued at about $115,000. Finally, FNY Managed Accounts LLC acquired a new position in shares of L-3 Communications Holdings during the 1st quarter valued at about $141,000. 79.08% of the stock is currently owned by hedge funds and other institutional investors.

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Several research analysts have recently weighed in on LLL shares. Stifel Nicolaus reissued a “hold” rating and set a $175.00 price target (up previously from $170.00) on shares of L-3 Communications Holdings in a research report on Sunday, July 30th. Jefferies Group LLC reissued a “hold” rating and set a $185.00 price target (up previously from $175.00) on shares of L-3 Communications Holdings in a research report on Tuesday. Cowen and Company reissued a “buy” rating and set a $185.00 price target on shares of L-3 Communications Holdings in a research report on Thursday, July 20th. Royal Bank Of Canada reissued a “hold” rating and set a $182.00 price target on shares of L-3 Communications Holdings in a research report on Friday, September 1st. Finally, Zacks Investment Research cut shares of L-3 Communications Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Nine research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $192.50.

In other news, Director Claude R. Canizares sold 2,981 shares of L-3 Communications Holdings stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $181.68, for a total value of $541,588.08. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Michael T. Strianese sold 22,547 shares of L-3 Communications Holdings stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $173.49, for a total value of $3,911,679.03. The disclosure for this sale can be found here. Insiders sold a total of 75,622 shares of company stock worth $13,649,909 over the last ninety days. Corporate insiders own 2.90% of the company’s stock.

Shares of L-3 Communications Holdings, Inc. (NYSE:LLL) traded down 0.181% during mid-day trading on Friday, reaching $188.479. 145,527 shares of the company traded hands. L-3 Communications Holdings, Inc. has a 52-week low of $132.38 and a 52-week high of $192.00. The stock has a market capitalization of $14.74 billion, a price-to-earnings ratio of 21.247 and a beta of 1.15. The company’s 50 day moving average is $185.82 and its 200 day moving average is $173.96.

L-3 Communications Holdings (NYSE:LLL) last released its quarterly earnings data on Thursday, July 27th. The aerospace company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.18. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.70 billion. L-3 Communications Holdings had a return on equity of 14.15% and a net margin of 6.44%. The company’s revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.88 EPS. On average, equities analysts forecast that L-3 Communications Holdings, Inc. will post $8.85 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 17th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend was Tuesday, August 15th. L-3 Communications Holdings’s dividend payout ratio is currently 33.82%.

About L-3 Communications Holdings

L3 Technologies, Inc, formerly L-3 Communications Holdings, Inc, is a prime contractor in Intelligence, Surveillance and Reconnaissance (ISR) systems, aircraft sustainment, simulation and training, night vision and image intensification equipment and security and detection systems. The Company provides a broad range of communication and electronic systems and products used on military and commercial platforms.

Institutional Ownership by Quarter for L-3 Communications Holdings (NYSE:LLL)

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