Oppenheimer Asset Management Inc. Decreases Holdings in L3 Technologies Inc (LLL)

Oppenheimer Asset Management Inc. trimmed its holdings in shares of L3 Technologies Inc (NYSE:LLL) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,096 shares of the aerospace company’s stock after selling 85 shares during the period. Oppenheimer Asset Management Inc.’s holdings in L3 Technologies were worth $712,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its stake in L3 Technologies by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 8,734,137 shares of the aerospace company’s stock valued at $1,857,051,000 after acquiring an additional 96,559 shares during the period. Vanguard Group Inc increased its holdings in shares of L3 Technologies by 1.1% during the 3rd quarter. Vanguard Group Inc now owns 8,734,137 shares of the aerospace company’s stock valued at $1,857,051,000 after purchasing an additional 96,559 shares in the last quarter. BlackRock Inc. increased its holdings in shares of L3 Technologies by 2.1% during the 3rd quarter. BlackRock Inc. now owns 6,075,628 shares of the aerospace company’s stock valued at $1,291,800,000 after purchasing an additional 124,377 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of L3 Technologies by 3.2% during the 3rd quarter. AQR Capital Management LLC now owns 1,497,775 shares of the aerospace company’s stock valued at $318,457,000 after purchasing an additional 46,485 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of L3 Technologies by 335.2% during the 3rd quarter. Alliancebernstein L.P. now owns 1,024,773 shares of the aerospace company’s stock valued at $217,887,000 after purchasing an additional 789,305 shares in the last quarter. Institutional investors and hedge funds own 81.83% of the company’s stock.

LLL has been the subject of several recent research reports. Vertical Research raised shares of L3 Technologies from a “hold” rating to a “buy” rating in a report on Monday, October 15th. Credit Suisse Group lifted their target price on shares of L3 Technologies from $238.00 to $272.00 and gave the company an “outperform” rating in a report on Monday, October 15th. ValuEngine raised shares of L3 Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, October 16th. SunTrust Banks lifted their target price on shares of L3 Technologies to $268.00 and gave the company a “buy” rating in a report on Tuesday, October 16th. Finally, JPMorgan Chase & Co. lowered shares of L3 Technologies from an “overweight” rating to a “neutral” rating and cut their target price for the company from $245.00 to $240.00 in a report on Friday, November 2nd. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $228.90.

Shares of NYSE LLL opened at $205.85 on Monday. The firm has a market capitalization of $16.20 billion, a P/E ratio of 19.15, a P/E/G ratio of 1.93 and a beta of 1.26. The company has a quick ratio of 1.62, a current ratio of 1.98 and a debt-to-equity ratio of 0.56. L3 Technologies Inc has a one year low of $158.76 and a one year high of $223.73.

L3 Technologies (NYSE:LLL) last issued its quarterly earnings results on Tuesday, January 29th. The aerospace company reported $3.10 EPS for the quarter, topping the consensus estimate of $2.66 by $0.44. The company had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.68 billion. L3 Technologies had a net margin of 9.81% and a return on equity of 15.27%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.25 EPS. Equities research analysts expect that L3 Technologies Inc will post 11.49 earnings per share for the current year.

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About L3 Technologies

L3 Technologies, Inc provides aerospace systems, communication, electronic, and sensor systems used on military, homeland security, and commercial platforms in the United States and internationally. It offers simulation and training, night vision and image intensification equipment, and security and detection systems; and components, products, subsystems, and systems, as well as related services to military and commercial customers in various business areas, such as total training solutions, power and propulsion systems, aviation products, precision engagement systems, and security and detection systems.

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Institutional Ownership by Quarter for L3 Technologies (NYSE:LLL)

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