Cambridge Investment Research Advisors Inc. Has $1.26 Million Stake in L-3 Communications Holdings, Inc. (NYSE:LLL)

Cambridge Investment Research Advisors Inc. increased its position in shares of L-3 Communications Holdings, Inc. (NYSE:LLL) by 9.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,699 shares of the aerospace company’s stock after acquiring an additional 565 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in L-3 Communications were worth $1,262,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LLL. Wedbush Securities Inc. grew its holdings in shares of L-3 Communications 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 acquiring an additional 6 shares in the last quarter. Honkamp Krueger Financial Services Inc. raised its position in shares of L-3 Communications by 0.6% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 1,314 shares of the aerospace company’s stock worth $220,000 after buying an additional 8 shares in the last quarter. First Allied Advisory Services Inc. raised its position in shares of L-3 Communications by 0.3% in the second quarter. First Allied Advisory Services Inc. now owns 3,412 shares of the aerospace company’s stock worth $586,000 after buying an additional 9 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in L-3 Communications by 0.3% during 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 purchasing an additional 15 shares in the last quarter. Finally, MAI Capital Management raised its position in L-3 Communications by 0.8% during the second quarter. MAI Capital Management now owns 2,015 shares of the aerospace company’s stock valued at $337,000 after purchasing an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 78.79% of the company’s stock.

In other L-3 Communications news, insider Michael T. Strianese sold 22,545 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $196.26, for a total transaction of $4,424,681.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold a total of 67,639 shares of company stock valued at $12,818,253 over the last 90 days. 2.90% of the stock is currently owned by insiders.

L-3 Communications Holdings, Inc. (NYSE:LLL) traded down $1.02 during trading on Thursday, hitting $193.62. 956,647 shares of the stock were exchanged, compared to its average volume of 554,810. L-3 Communications Holdings, Inc. has a twelve month low of $143.54 and a twelve month high of $199.97. The stock has a market cap of $15,241.63, a P/E ratio of 22.63, a price-to-earnings-growth ratio of 3.88 and a beta of 1.19. The company has a quick ratio of 1.62, a current ratio of 1.80 and a debt-to-equity ratio of 0.66.

L-3 Communications (NYSE:LLL) last issued its earnings results on Thursday, October 26th. The aerospace company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.03. L-3 Communications had a net margin of 5.22% and a return on equity of 14.00%. The business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.68 billion. During the same quarter in the prior year, the business posted $1.88 EPS. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. equities research analysts forecast that L-3 Communications Holdings, Inc. will post 8.92 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be issued a dividend of $0.75 per share. The ex-dividend date is Thursday, November 16th. This represents a $3.00 annualized dividend and a yield of 1.55%. L-3 Communications’s dividend payout ratio (DPR) is currently 41.27%.

A number of equities analysts recently weighed in on the stock. Citigroup boosted their price objective on shares of L-3 Communications to $230.00 and gave the stock a “buy” rating in a report on Thursday. Royal Bank Of Canada raised shares of L-3 Communications from a “sector perform” rating to an “outperform” rating and dropped their price objective for the company from $202.00 to $159.00 in a report on Wednesday. Stifel Nicolaus reissued a “hold” rating and set a $215.00 price objective on shares of L-3 Communications in a report on Wednesday. Cowen restated a “buy” rating and set a $210.00 target price on shares of L-3 Communications in a research report on Wednesday. Finally, ValuEngine lowered shares of L-3 Communications from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $198.36.

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L-3 Communications 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.

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

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