OxFORD Asset Management LLP increased its stake in L-3 Communications Holdings, Inc. (NYSE:LLL) by 222.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 48,587 shares of the aerospace company’s stock after buying an additional 33,508 shares during the quarter. OxFORD Asset Management LLP owned about 0.06% of L-3 Communications Holdings worth $8,118,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Cleararc Capital Inc. grew its stake in shares of L-3 Communications Holdings by 0.3% in the first quarter. Cleararc Capital Inc. now owns 1,755 shares of the aerospace company’s stock valued at $290,000 after buying an additional 5 shares in the last quarter. Wedbush Securities Inc. grew its stake in shares of L-3 Communications Holdings by 0.5% in the second quarter. Wedbush Securities Inc. now owns 1,322 shares of the aerospace company’s stock valued at $221,000 after buying an additional 6 shares in the last quarter. Honkamp Krueger Financial Services Inc. grew its stake in shares of L-3 Communications Holdings by 0.6% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 1,314 shares of the aerospace company’s stock valued at $220,000 after buying an additional 8 shares in the last quarter. MAI Capital Management grew its stake in shares of L-3 Communications Holdings by 0.8% in the second quarter. MAI Capital Management now owns 2,015 shares of the aerospace company’s stock valued at $337,000 after buying an additional 15 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of L-3 Communications Holdings by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,786 shares of the aerospace company’s stock valued at $967,000 after buying an additional 15 shares in the last quarter. Institutional investors and hedge funds own 79.08% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. Jefferies Group LLC reiterated a “hold” rating and issued a $175.00 target price on shares of L-3 Communications Holdings in a research note on Sunday, July 30th. Cowen and Company reissued a “buy” rating and issued a $190.00 price target on shares of L-3 Communications Holdings in a report on Monday, August 14th. Goldman Sachs Group, Inc. (The) raised L-3 Communications Holdings from a “buy” rating to a “conviction-buy” rating and increased their price target for the company from $195.00 to $204.00 in a report on Monday, August 7th. Royal Bank Of Canada reissued a “hold” rating and issued a $178.00 price target on shares of L-3 Communications Holdings in a report on Friday, June 2nd. Finally, ValuEngine raised L-3 Communications Holdings from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Nine equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $182.91.

In related news, insider Michael T. Strianese sold 22,547 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $173.49, for a total transaction of $3,911,679.03. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Ralph Dambrosio sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $180.23, for a total value of $901,150.00. The disclosure for this sale can be found here. Insiders sold 75,622 shares of company stock worth $13,269,992 over the last quarter. 2.90% of the stock is currently owned by corporate insiders.

ILLEGAL ACTIVITY NOTICE: This report was first posted by Watch List News and is the property of of Watch List News. If you are reading this report on another domain, it was stolen and republished in violation of international copyright law. The original version of this report can be read at https://www.watchlistnews.com/oxford-asset-management-llp-buys-33508-shares-of-l-3-communications-holdings-inc-lll/1589206.html.

L-3 Communications Holdings, Inc. (NYSE:LLL) traded down 0.737% on Tuesday, reaching $187.925. The company’s stock had a trading volume of 89,105 shares. The stock’s 50 day moving average is $181.04 and its 200-day moving average is $171.55. L-3 Communications Holdings, Inc. has a 52 week low of $132.38 and a 52 week high of $191.25. The firm has a market capitalization of $14.70 billion, a PE ratio of 21.184 and a beta of 1.15.

L-3 Communications Holdings (NYSE:LLL) last posted its quarterly earnings data on Thursday, July 27th. The aerospace company reported $2.21 EPS for the quarter, topping analysts’ consensus estimates 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 firm’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.88 earnings per share. Analysts predict that L-3 Communications Holdings, Inc. will post $8.88 EPS for the current year.

The firm 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. The ex-dividend date was Tuesday, August 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.58%. L-3 Communications Holdings’s payout ratio is presently 33.82%.

L-3 Communications Holdings Company 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.

Want to see what other hedge funds are holding LLL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for L-3 Communications Holdings, Inc. (NYSE:LLL).

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

Receive News & Ratings for L-3 Communications Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L-3 Communications Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.