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.

L3 Technologies (NYSE:LLL) last issued its quarterly earnings results on Thursday, January 25th. The aerospace company reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.05. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.55 billion. L3 Technologies had a return on equity of 13.63% and a net margin of 6.37%. L3 Technologies’s revenue was down 2.6% on a year-over-year basis. During the same period last year, the company earned $2.38 earnings per share. analysts anticipate that L3 Technologies Inc will post 9.55 EPS for the current year.

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

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