Cookson Peirce & Co. Inc. Acquires Shares of 4,028 L-3 Communications Holdings, Inc. (LLL)

Cookson Peirce & Co. Inc. acquired a new position in L-3 Communications Holdings, Inc. (NYSE:LLL) during the second quarter, according to its most recent filing with the SEC. The firm acquired 4,028 shares of the aerospace company’s stock, valued at approximately $673,000.

Several other hedge funds have also modified their holdings of LLL. Teachers Advisors LLC grew its position in shares of L-3 Communications Holdings by 23,683.0% in the 1st quarter. Teachers Advisors LLC now owns 717,057 shares of the aerospace company’s stock worth $118,522,000 after buying an additional 714,042 shares during the last quarter. Global X Management Co. LLC grew its position in shares of L-3 Communications Holdings by 22.7% in the 1st quarter. Global X Management Co. LLC now owns 1,878 shares of the aerospace company’s stock worth $310,000 after buying an additional 348 shares during the last quarter. MARSHALL WACE ASIA Ltd bought a new stake in shares of L-3 Communications Holdings in the 1st quarter worth approximately $1,523,000. Marshall Wace North America L.P. bought a new stake in shares of L-3 Communications Holdings in the 1st quarter worth approximately $1,523,000. Finally, Parallel Advisors LLC grew its position in shares of L-3 Communications Holdings by 4.6% in the 1st quarter. Parallel Advisors LLC now owns 614 shares of the aerospace company’s stock worth $103,000 after buying an additional 27 shares during the last quarter. Hedge funds and other institutional investors own 79.08% of the company’s stock.

In other L-3 Communications Holdings news, insider Michael T. Strianese sold 22,547 shares of the stock in a transaction on 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 legal filing with the SEC, which is accessible through the SEC website. Also, Director Claude R. Canizares sold 2,981 shares of the stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $181.68, for a total value of $541,588.08. The disclosure for this sale can be found here. Insiders have sold a total of 75,622 shares of company stock worth $13,649,909 in the last ninety days. Insiders own 2.90% of the company’s stock.

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L-3 Communications Holdings, Inc. (NYSE:LLL) traded down 0.12% on Monday, hitting $187.33. The stock had a trading volume of 63,521 shares. The stock’s 50-day moving average is $186.23 and its 200 day moving average is $174.23. L-3 Communications Holdings, Inc. has a 1-year low of $132.38 and a 1-year high of $192.00. The firm has a market capitalization of $14.65 billion, a price-to-earnings ratio of 21.12 and a beta of 1.15.

L-3 Communications Holdings (NYSE:LLL) last announced its earnings results on Thursday, July 27th. The aerospace company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.18. The business had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.70 billion. L-3 Communications Holdings had a return on equity of 14.15% and a net margin of 6.44%. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.88 EPS. On average, equities research analysts predict that L-3 Communications Holdings, Inc. will post $8.85 earnings per share for the current fiscal year.

A number of equities research analysts have recently weighed in on the company. Cowen and Company reiterated a “buy” rating and issued a $190.00 price objective on shares of L-3 Communications Holdings in a research report on Monday, August 14th. Jefferies Group LLC reiterated a “hold” rating and issued a $175.00 price objective on shares of L-3 Communications Holdings in a research report on Sunday, July 30th. Goldman Sachs Group, Inc. (The) upgraded L-3 Communications Holdings from a “buy” rating to a “conviction-buy” rating and lifted their price objective for the stock from $195.00 to $204.00 in a research report on Monday, August 7th. ValuEngine lowered L-3 Communications Holdings from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Royal Bank Of Canada reiterated a “hold” rating on shares of L-3 Communications Holdings in a research report on Sunday, October 8th. Nine analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. L-3 Communications Holdings presently has an average rating of “Hold” and an average price target of $192.50.

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.

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

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