L-3 Communications Holdings, Inc. (LLL) Hedge Funds Are Snapping Up

Consequently, key hedge funds have jumped into L-3 Communications Holdings, Inc. (NYSE:LLL) headfirst. Columbus Circle Investors, led by Principal Global Investors, created the largest position in L-3 Communications Holdings, Inc. (NYSE:LLL). According to its latest 13F filing, the fund had $44.3 million invested in the company at the end of the quarter. Jesse Ro’s Tiger Legatus Capital also made a $12.1 million investment in the stock during the quarter. The other funds with brand new LLL positions are Ken Griffin’s Citadel Investment Group, Peter Algert and Kevin Coldiron’s Algert Coldiron Investors, and Mike Vranos’s Ellington.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as L-3 Communications Holdings, Inc. (NYSE:LLL) but similarly valued. These stocks are Pentair, Ltd. Registered Share (NYSE:PNR), Macerich Co (NYSE:MAC), Acuity Brands, Inc. (NYSE:AYI), and Host Hotels and Resorts Inc (NYSE:HST). This group of stocks’ market valuations resemble LLL’s market valuation.

As you can see these stocks had an average of 19 hedge funds with bullish positions and the average amount invested in these stocks was $528 million. That figure was $772 million in LLL’s case. Acuity Brands, Inc. (NYSE:AYI) is the most popular stock in this table. On the other hand Host Hotels and Resorts Inc (NYSE:HST) is the least popular one with only 17 bullish hedge fund positions. Compared to these stocks L-3 Communications Holdings, Inc. (NYSE:LLL) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: none.