OLD National Bancorp IN Trims Stake in L3 Technologies Inc (LLL)
OLD National Bancorp IN lowered its holdings in shares of L3 Technologies Inc (NYSE:LLL) by 3.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,943 shares of the aerospace company’s stock after selling 394 shares during the quarter. OLD National Bancorp IN’s holdings in L3 Technologies were worth $2,363,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Invictus RG purchased a new stake in L3 Technologies in the 3rd quarter worth approximately $135,000. NewSquare Capital LLC increased its holdings in L3 Technologies by 2,510.7% in the 4th quarter. NewSquare Capital LLC now owns 731 shares of the aerospace company’s stock worth $145,000 after acquiring an additional 703 shares in the last quarter. Parallel Advisors LLC increased its holdings in L3 Technologies by 56.5% in the 3rd quarter. Parallel Advisors LLC now owns 961 shares of the aerospace company’s stock worth $178,000 after acquiring an additional 347 shares in the last quarter. NEXT Financial Group Inc increased its holdings in L3 Technologies by 53.8% in the 3rd quarter. NEXT Financial Group Inc now owns 1,012 shares of the aerospace company’s stock worth $190,000 after acquiring an additional 354 shares in the last quarter. Finally, Lourd Capital LLC purchased a new stake in L3 Technologies in the 4th quarter worth approximately $201,000. 77.44% of the stock is owned by hedge funds and other institutional investors.
Shares of L3 Technologies Inc (LLL) opened at $202.51 on Monday. The stock has a market capitalization of $15,824.57, a price-to-earnings ratio of 23.80, a P/E/G ratio of 2.57 and a beta of 1.26. L3 Technologies Inc has a 52-week low of $159.43 and a 52-week high of $218.71. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.89 and a quick ratio of 1.72.
In related news, insider Michael T. Strianese sold 39,515 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $197.04, for a total value of $7,786,035.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders sold 259,635 shares of company stock valued at $53,575,810. 2.90% of the stock is owned by corporate insiders.
Several equities research analysts recently issued reports on LLL shares. ValuEngine raised shares of L3 Technologies from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Royal Bank of Canada set a $202.00 target price on shares of L3 Technologies and gave the stock a “hold” rating in a report on Wednesday, November 15th. SunTrust Banks assumed coverage on shares of L3 Technologies in a report on Monday, November 20th. They issued a “buy” rating for the company. Cowen restated a “buy” rating and issued a $200.00 price target on shares of L3 Technologies in a research note on Friday, October 27th. Finally, Stifel Nicolaus upped their price target on L3 Technologies from $195.00 to $205.00 and gave the stock a “hold” rating in a research note on Friday, October 27th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $215.30.
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About L3 Technologies
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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