Brinker Capital Inc. Sells 157 Shares of L-3 Communications Holdings, Inc. (LLL)

Brinker Capital Inc. lowered its stake in shares of L-3 Communications Holdings, Inc. (NYSE:LLL) by 3.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,019 shares of the company’s stock after selling 157 shares during the period. Brinker Capital Inc.’s holdings in L-3 Communications Holdings were worth $606,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the stock. BP PLC purchased a new stake in L-3 Communications Holdings during the second quarter valued at $1,466,000. Sumitomo Mitsui Trust Holdings Inc. increased its stake in L-3 Communications Holdings by 10.9% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 248,660 shares of the company’s stock valued at $36,476,000 after buying an additional 24,373 shares during the period. Bourgeon Capital Management LLC increased its stake in L-3 Communications Holdings by 1.0% in the second quarter. Bourgeon Capital Management LLC now owns 25,100 shares of the company’s stock valued at $3,682,000 after buying an additional 250 shares during the period. Wade G W & Inc. purchased a new stake in L-3 Communications Holdings during the second quarter valued at $419,000. Finally, Airain ltd increased its stake in L-3 Communications Holdings by 225.2% in the second quarter. Airain ltd now owns 35,193 shares of the company’s stock valued at $5,162,000 after buying an additional 24,372 shares during the period. 78.91% of the stock is currently owned by institutional investors.

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

Shares of L-3 Communications Holdings, Inc. (NYSE:LLL) opened at 165.47 on Tuesday. The firm’s 50-day moving average price is $154.37 and its 200-day moving average price is $151.11. L-3 Communications Holdings, Inc. has a one year low of $113.98 and a one year high of $165.86. The company has a market capitalization of $12.79 billion, a price-to-earnings ratio of 18.37 and a beta of 1.09.

L-3 Communications Holdings (NYSE:LLL) last announced its quarterly earnings results on Thursday, January 26th. The company reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.11 by $0.27. The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.78 billion. L-3 Communications Holdings had a net margin of 6.75% and a return on equity of 14.16%. L-3 Communications Holdings’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.16 EPS. Analysts anticipate that L-3 Communications Holdings, Inc. will post $8.60 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st will be issued a $0.75 dividend. This is an increase from L-3 Communications Holdings’s previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a yield of 1.81%. L-3 Communications Holdings’s payout ratio is currently 31.08%.

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Several research analysts have commented on the company. Barclays PLC raised L-3 Communications Holdings from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $155.00 to $165.00 in a report on Thursday, November 10th. Robert W. Baird assumed coverage on L-3 Communications Holdings in a report on Friday, October 28th. They set an “outperform” rating and a $184.00 target price on the stock. Vertical Research assumed coverage on L-3 Communications Holdings in a report on Friday, October 28th. They set a “hold” rating on the stock. Royal Bank Of Canada assumed coverage on L-3 Communications Holdings in a report on Thursday, January 12th. They set a “sector perform” rating and a $159.00 target price on the stock. Finally, Zacks Investment Research raised L-3 Communications Holdings from a “hold” rating to a “buy” rating and set a $157.00 target price on the stock in a report on Monday, October 31st. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $166.53.

In other L-3 Communications Holdings news, Chairman Michael T. Strianese sold 22,547 shares of L-3 Communications Holdings stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $157.01, for a total value of $3,540,104.47. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 3.30% of the company’s stock.

About L-3 Communications Holdings

L3 Technologies, Inc, formerly L-3 Communications Holdings, Inc, is engaged as a contractor in Intelligence, Surveillance and Reconnaissance (ISR) systems, aircraft sustainment (including modifications, logistics and maintenance), simulation and training, night vision and image intensification equipment, and security and detection systems.

5 Day Chart for NYSE:LLL

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