CrestPoint Capital Management LLC Increases Position in L3 Technologies Inc (LLL)

CrestPoint Capital Management LLC increased its holdings in L3 Technologies Inc (NYSE:LLL) by 12.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,600 shares of the aerospace company’s stock after purchasing an additional 400 shares during the period. CrestPoint Capital Management LLC’s holdings in L3 Technologies were worth $712,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Royal Bank of Canada increased its position in L3 Technologies by 102.8% during the second quarter. Royal Bank of Canada now owns 58,870 shares of the aerospace company’s stock valued at $9,836,000 after acquiring an additional 29,845 shares during the last quarter. Stonebridge Capital Advisors LLC purchased a new stake in shares of L3 Technologies during the third quarter valued at about $1,598,000. Janus Henderson Group PLC lifted its position in shares of L3 Technologies by 7,291.5% during the second quarter. Janus Henderson Group PLC now owns 717,270 shares of the aerospace company’s stock valued at $119,840,000 after buying an additional 707,566 shares during the last quarter. Koch Industries Inc. purchased a new stake in shares of L3 Technologies during the second quarter valued at about $279,000. Finally, BNP Paribas Arbitrage SA raised its position in shares of L3 Technologies by 50.7% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 50,702 shares of the aerospace company’s stock valued at $9,554,000 after purchasing an additional 17,052 shares during the last quarter. Institutional investors own 78.53% of the company’s stock.

Shares of L3 Technologies Inc (NYSE:LLL) traded down $2.07 during trading hours on Wednesday, hitting $207.39. The stock had a trading volume of 1,121,300 shares, compared to its average volume of 699,280. L3 Technologies Inc has a 52-week low of $146.88 and a 52-week high of $210.79. The stock has a market cap of $16,210.00, a price-to-earnings ratio of 28.53, a price-to-earnings-growth ratio of 3.35 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.

L3 Technologies (NYSE:LLL) last announced its earnings results on Thursday, October 26th. The aerospace company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.03. L3 Technologies had a return on equity of 14.00% and a net margin of 5.22%. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.68 billion. During the same quarter last year, the firm posted $1.88 EPS. The business’s revenue was up 5.6% on a year-over-year basis. analysts forecast that L3 Technologies Inc will post 8.38 earnings per share for the current year.

LLL has been the subject of several research analyst reports. Zacks Investment Research raised shares of L3 Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Jefferies Group reaffirmed a “hold” rating and issued a $185.00 price objective (up from $175.00) on shares of L3 Technologies in a research report on Tuesday, October 10th. Stifel Nicolaus cut their price target on shares of L3 Technologies from $195.00 to $175.00 and set a “hold” rating on the stock in a report on Monday, October 16th. Credit Suisse Group reiterated an “outperform” rating on shares of L3 Technologies in a report on Thursday, December 7th. Finally, Royal Bank of Canada set a $202.00 price target on shares of L3 Technologies and gave the stock a “hold” rating in a report on Wednesday, November 15th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $195.20.

In other news, insider Michael T. Strianese sold 22,547 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $186.40, for a total transaction of $4,202,760.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 124,122 shares of company stock worth $24,409,338 in the last quarter. Insiders own 2.90% of the company’s stock.

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L3 Technologies 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 L3 Technologies (NYSE:LLL)

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