L-3 Communications Holdings, Inc. (LLL) Position Raised by GSA Capital Partners LLP
GSA Capital Partners LLP boosted its position in L-3 Communications Holdings, Inc. (NYSE:LLL) by 56.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 5,085 shares of the aerospace company’s stock after purchasing an additional 1,828 shares during the period. GSA Capital Partners LLP’s holdings in L-3 Communications Holdings were worth $850,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of LLL. Acrospire Investment Management LLC bought a new position in L-3 Communications Holdings during the second quarter worth $100,000. Parallel Advisors LLC increased its holdings in shares of L-3 Communications Holdings by 4.6% in the first quarter. Parallel Advisors LLC now owns 614 shares of the aerospace company’s stock valued at $103,000 after purchasing an additional 27 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its holdings in shares of L-3 Communications Holdings by 103.1% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 654 shares of the aerospace company’s stock valued at $109,000 after purchasing an additional 332 shares during the last quarter. FNY Partners Fund LP acquired a new position in shares of L-3 Communications Holdings in the first quarter valued at $115,000. Finally, FNY Managed Accounts LLC acquired a new position in shares of L-3 Communications Holdings in the first quarter valued at $141,000. Institutional investors and hedge funds own 79.08% of the company’s stock.
L-3 Communications Holdings, Inc. (NYSE LLL) opened at 190.44 on Wednesday. The company has a market capitalization of $14.90 billion, a PE ratio of 21.47 and a beta of 1.15. L-3 Communications Holdings, Inc. has a one year low of $132.38 and a one year high of $192.00. The stock’s 50 day moving average is $184.12 and its 200 day moving average is $173.01.
L-3 Communications Holdings (NYSE:LLL) last released its quarterly earnings data on Thursday, July 27th. The aerospace company reported $2.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.03 by $0.18. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.70 billion. L-3 Communications Holdings had a net margin of 6.44% and a return on equity of 14.15%. The company’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.88 earnings per share. On average, analysts anticipate that L-3 Communications Holdings, Inc. will post $8.89 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 17th were paid a $0.75 dividend. The ex-dividend date was Tuesday, August 15th. This represents a $3.00 annualized dividend and a dividend yield of 1.58%. L-3 Communications Holdings’s payout ratio is 33.82%.
In related news, Director Claude R. Canizares sold 2,981 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $181.68, for a total transaction of $541,588.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael T. Strianese sold 22,547 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $185.87, for a total transaction of $4,190,810.89. The disclosure for this sale can be found here. Insiders sold 75,622 shares of company stock valued at $13,649,909 in the last quarter. Corporate insiders own 2.90% of the company’s stock.
Several equities analysts have recently weighed in on the stock. Stifel Nicolaus reissued a “hold” rating and issued a $175.00 price objective (up from $170.00) on shares of L-3 Communications Holdings in a research report on Sunday, July 30th. Cowen and Company reaffirmed a “buy” rating and set a $185.00 target price on shares of L-3 Communications Holdings in a report on Thursday, July 20th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $182.00 target price on shares of L-3 Communications Holdings in a report on Friday, September 1st. Zacks Investment Research lowered shares of L-3 Communications Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, BidaskClub upgraded shares of L-3 Communications Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Nine research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $187.27.
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L-3 Communications Holdings Profile
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.
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