Traders Buy Shares of L3 Technologies (LLL) on Weakness
Investors bought shares of L3 Technologies Inc (NYSE:LLL) on weakness during trading hours on Monday. $48.12 million flowed into the stock on the tick-up and $23.22 million flowed out of the stock on the tick-down, for a money net flow of $24.90 million into the stock. Of all equities tracked, L3 Technologies had the 25th highest net in-flow for the day. L3 Technologies traded down ($0.93) for the day and closed at $209.80
LLL has been the topic of a number of research analyst reports. Royal Bank of Canada set a $202.00 price objective on shares of L3 Technologies and gave the company a “hold” rating in a report on Wednesday, November 15th. SunTrust Banks initiated coverage on shares of L3 Technologies in a report on Monday, November 20th. They issued a “buy” rating on the stock. Cowen reaffirmed a “buy” rating and issued a $200.00 price target on shares of L3 Technologies in a report on Friday, October 27th. Stifel Nicolaus upped their price target on shares of L3 Technologies from $195.00 to $205.00 and gave the company a “hold” rating in a report on Friday, October 27th. Finally, ValuEngine raised shares of L3 Technologies from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $196.44.
The company has a quick ratio of 1.62, a current ratio of 1.80 and a debt-to-equity ratio of 0.66. The company has a market cap of $16,390.00, a P/E ratio of 28.86, a PEG ratio of 3.35 and a beta of 1.19.
In other news, insider Michael T. Strianese sold 39,515 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $209.32, for a total transaction of $8,271,279.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have sold 163,637 shares of company stock worth $32,680,618. Corporate insiders own 2.90% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Invictus RG purchased a new stake in shares of L3 Technologies during the 3rd quarter worth about $135,000. San Francisco Sentry Investment Group CA purchased a new stake in shares of L3 Technologies during the 2nd quarter worth about $171,000. Parallel Advisors LLC boosted its stake in shares of L3 Technologies by 56.5% during the 3rd quarter. Parallel Advisors LLC now owns 961 shares of the aerospace company’s stock worth $178,000 after acquiring an additional 347 shares in the last quarter. NEXT Financial Group Inc boosted its stake in shares of L3 Technologies by 53.8% during the 3rd quarter. NEXT Financial Group Inc now owns 1,012 shares of the aerospace company’s stock worth $190,000 after acquiring an additional 354 shares in the last quarter. Finally, Fulton Bank N.A. purchased a new stake in shares of L3 Technologies during the 3rd quarter worth about $202,000. 78.64% of the stock is currently owned by institutional investors and hedge funds.
About L3 Technologies
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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