In today’s session L-3 Communications Holdings, Inc. (LLL) registered an unusually high (611) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious LLL increase. With 611 contracts traded and 574 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: LLL170120C00145000 closed last at: $2.45 or 69.4% down. About 277,942 shares traded hands. L-3 Communications Holdings, Inc. (NYSE:LLL) has risen 17.76% since March 29, 2016 and is uptrending. It has outperformed by 14.29% the S&P500.
Analysts await L-3 Communications Holdings, Inc. (NYSE:LLL) to report earnings on November, 3. They expect $1.82 EPS, down 12.92% or $0.27 from last year’s $2.09 per share. LLL’s profit will be $143.13M for 19.04 P/E if the $1.82 EPS becomes a reality. After $1.88 actual EPS reported by L-3 Communications Holdings, Inc. for the previous quarter, Wall Street now forecasts -3.19% negative EPS growth.
L-3 Communications Holdings, Inc. (NYSE:LLL) Ratings Coverage
Out of 11 analysts covering L-3 Communications (NYSE:LLL), 8 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 73% are positive. $184 is the highest target while $116 is the lowest. The $152.25 average target is 9.85% above today’s ($138.6) stock price. L-3 Communications has been the topic of 16 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Drexel Hamilton on Friday, May 20. Citigroup initiated the shares of LLL in a report on Tuesday, September 6 with “Buy” rating. The stock of L-3 Communications Holdings, Inc. (NYSE:LLL) has “Overweight” rating given on Thursday, August 25 by JP Morgan. The rating was maintained by RBC Capital Markets on Wednesday, December 9 with “Sector Perform”. The rating was downgraded by Goldman Sachs to “Neutral” on Tuesday, September 8. Deutsche Bank maintained L-3 Communications Holdings, Inc. (NYSE:LLL) rating on Monday, June 13. Deutsche Bank has “Buy” rating and $160 price target. The firm has “Outperform” rating given on Thursday, May 19 by RBC Capital Markets. The firm has “Buy” rating given on Monday, October 10 by . The rating was maintained by Barclays Capital on Monday, May 2 with “Equal Weight”. Robert W. Baird initiated the stock with “Outperform” rating in Thursday, October 6 report.
According to Zacks Investment Research, “L-3 Communications Holdings is a merchant supplier of sophisticated secure communication systems and specialized communication products. They produce secure, high data rate communication systems, microwave components, avionics and ocean systems and telemetry, instrumentation and space products. L-3’s systems and specialized products are used to connect a variety of airborne, space, ground-and sea-based communication systems and are used in the transmission, processing, recording, monitoring and dissemination functions of these communication systems.”
Insitutional Activity: The institutional sentiment increased to 1 in 2016 Q2. Its up 0.03, from 0.97 in 2016Q1. The ratio is positive, as 30 funds sold all L-3 Communications Holdings, Inc. shares owned while 164 reduced positions. 64 funds bought stakes while 130 increased positions. They now own 61.56 million shares or 5.68% less from 65.27 million shares in 2016Q1.
Nuveen Asset Ltd Liability accumulated 15,819 shares or 0.01% of the stock. Snow Management Lp holds 2,000 shares or 0.01% of its portfolio. Private Advisor Gp Limited Liability Com holds 3,308 shares or 0.02% of its portfolio. Jacobs Levy Equity holds 0.28% of its portfolio in L-3 Communications Holdings, Inc. (NYSE:LLL) for 90,700 shares. Hartford Investment Management last reported 18,340 shares in the company. Magnetar Limited Liability Company holds 0.01% or 4,944 shares in its portfolio. Ontario Teachers Pension Plan Board holds 40,377 shares or 0.07% of its portfolio. Bourgeon Capital Mgmt Llc reported 25,100 shares or 2.39% of all its holdings. Massmutual Trust Fsb Adv holds 0% of its portfolio in L-3 Communications Holdings, Inc. (NYSE:LLL) for 4 shares. Dekabank Deutsche Girozentrale holds 0.01% of its portfolio in L-3 Communications Holdings, Inc. (NYSE:LLL) for 4,182 shares. Global X Mngmt Ltd Liability Corp owns 1,205 shares or 0.01% of their US portfolio. Hsbc Hldg Public Ltd Liability accumulated 0.04% or 108,302 shares. Keybank National Association Oh reported 1,744 shares or 0% of all its holdings. Seizert Cap Prtnrs Llc owns 13,079 shares or 0.07% of their US portfolio. Natixis has 0.21% invested in the company for 76,304 shares.
Insider Transactions: Since May 2, 2016, the stock had 0 insider purchases, and 7 insider sales for $27.81 million net activity. 16,640 shares were sold by Post Steven M, worth $2.23 million on Wednesday, May 4. Shares for $1.04M were sold by Mega John S on Monday, May 23. 3,600 L-3 Communications Holdings, Inc. (NYSE:LLL) shares with value of $536,400 were sold by SIMON ARTHUR L. STRIANESE MICHAEL T sold $6.08M worth of stock. Shares for $1.91 million were sold by Dambrosio Ralph. Shares for $2.14M were sold by Kantor Steven on Tuesday, May 3. CANIZARES CLAUDE R also sold $370,918 worth of L-3 Communications Holdings, Inc. (NYSE:LLL) on Wednesday, August 10.
L-3 Communications Holdings, Inc. operates through its operating subsidiary L-3 Communications (L-3). The company has a market cap of $10.90 billion. The Firm operates through three divisions: Electronic Systems, which provides a range of services and products, including components, products, subsystems, systems and related services to military and commercial customers; Aerospace Systems, which provides services and products for the Intelligence, Surveillance and Reconnaissance (ISR) market, specializing in signals intelligence (SIGINT) and multi-intelligence platforms, and Communication Systems, which provides network and communication systems, secure communications products, radio frequency components, satellite communication terminals, and space, microwave and telemetry products. It has a 13.36 P/E ratio.
LLL Company Profile
L-3 Communications Holdings, Inc. (L-3 Holdings), incorporated on March 20, 1997, operates through its operating subsidiary L-3 Communications (L-3). The Firm operates through three divisions: Electronic Systems, Aerospace Systems and Communication Systems. L-3 Communications is 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. L-3 is also a well-known provider of a range of communication and electronic systems and products used on military and commercial platforms. The Company’s clients include the United States Department of Defense (DoD) and its prime contractors, the United States Government intelligence agencies, the United States Department of Homeland Security (DHS), foreign Governments, and domestic and international commercial customers.
More recent L-3 Communications Holdings, Inc. (NYSE:LLL) news were published by: Forbes.com which released: “L-3 Communications Holdings is Oversold” on October 27, 2016. Also Nasdaq.com published the news titled: “L-3 Communications Holdings, Inc Profit Drops 10% In Q3” on October 27, 2016. Wsj.com‘s news article titled: “L-3 Communications Posts Sales Decline, but Boosts Forecasts” with publication date: October 27, 2016 was also an interesting one.
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