Melvin Capital Management LP Has Cut Gamestop New (Put) (GME) Position By $29.80 Million; Last Week L3 Technologies, Inc. (LLL) Coverage

January 14, 2018 - By Marguerite Chambers

Among 14 analysts covering L-3 Communications (NYSE:LLL), 10 have Buy rating, 0 Sell and 4 Hold. Therefore 71% are positive. L-3 Communications had 52 analyst reports since July 30, 2015 according to SRatingsIntel. Cowen & Co maintained the shares of LLL in report on Monday, July 24 with “Buy” rating. Bank of America downgraded the shares of LLL in report on Thursday, July 30 to “Underperform” rating. The firm earned “Hold” rating on Friday, October 27 by RBC Capital Markets. As per Monday, June 13, the company rating was maintained by Deutsche Bank. The rating was maintained by Cowen & Co on Monday, August 14 with “Buy”. The company was initiated on Tuesday, September 6 by Citigroup. The rating was maintained by Stifel Nicolaus on Friday, October 13 with “Hold”. On Wednesday, December 6 the stock rating was upgraded by RBC Capital Markets to “Outperform”. Barclays Capital maintained L3 Technologies, Inc. (NYSE:LLL) rating on Monday, May 2. Barclays Capital has “Equal Weight” rating and $133 target. The stock of L3 Technologies, Inc. (NYSE:LLL) earned “Buy” rating by Drexel Hamilton on Friday, May 20. See L3 Technologies, Inc. (NYSE:LLL) latest ratings:

08/01/2018 Broker: SunTrust Rating: Buy New Target: $232.0 Maintain
06/12/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $215.0 Maintain
05/12/2017 Broker: Jefferies Rating: Hold New Target: $201.0 Maintain
06/12/2017 Broker: RBC Capital Markets Old Rating: Sector Perform New Rating: Outperform Old Target: $159 Upgrade
15/11/2017 Broker: RBC Capital Markets Rating: Hold New Target: $202.0 Maintain
27/10/2017 Broker: RBC Capital Markets Rating: Hold New Target: $190.0 Maintain
27/10/2017 Broker: Stifel Nicolaus Rating: Hold Old Target: $195 New Target: $205 Maintain
23/10/2017 Broker: Robert W. Baird Rating: Buy New Target: $201.0 Maintain
16/10/2017 Broker: Stifel Nicolaus Rating: Hold Old Target: $195 New Target: $175 Maintain
13/10/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $195.0 Maintain

Melvin Capital Management Lp decreased Gamestop Corp New (Put) (GME) stake by 76.18% reported in 2017Q3 SEC filing. Melvin Capital Management Lp sold 1.49M shares as Gamestop Corp New (Put) (GME)’s stock declined 5.28%. The Melvin Capital Management Lp holds 465,900 shares with $9.63M value, down from 1.96 million last quarter. Gamestop Corp New (Put) now has $1.80 billion valuation. The stock decreased 11.02% or $2.2 during the last trading session, reaching $17.76. About 15.45M shares traded or 315.14% up from the average. GameStop Corp. (NYSE:GME) has declined 15.17% since January 14, 2017 and is downtrending. It has underperformed by 31.87% the S&P500.

The stock increased 1.45% or $2.99 during the last trading session, reaching $209.46. About 585,891 shares traded or 6.57% up from the average. L3 Technologies, Inc. (NYSE:LLL) has risen 18.89% since January 14, 2017 and is uptrending. It has outperformed by 2.19% the S&P500.

L3 Technologies, Inc. provides aerospace systems, and communication and electronic systems and products used on military and commercial platforms in the United States and internationally. The company has market cap of $16.37 billion. The firm operates in three divisions: Electronic Systems, Aerospace Systems, and Communication Systems. It has a 28.92 P/E ratio. It offers components, products, subsystems, and systems, as well as related services to military and commercial clients in various business areas, such as precision engagement and training, aviation products and security, power and propulsion systems, sensor systems, warrior systems, and advanced programs.

Investors sentiment increased to 0.75 in Q3 2017. Its up 0.30, from 0.45 in 2017Q2. It increased, as 1 investors sold L3 Technologies, Inc. shares while 3 reduced holdings. 1 funds opened positions while 2 raised stakes. 237,250 shares or 7.72% more from 220,245 shares in 2017Q2 were reported. West Oak Capital Llc, California-based fund reported 100 shares. Qci Asset Mngmt New York accumulated 300 shares or 0.01% of the stock. 3,185 are owned by Hanseatic Ser Inc. Focused Wealth accumulated 300 shares or 0.02% of the stock. Palisade Asset Mgmt Ltd Liability holds 1.85% or 52,939 shares in its portfolio. Gemmer Asset Limited Liability Company holds 77 shares or 0.01% of its portfolio. Cibc Ww holds 160,584 shares or 0.29% of its portfolio. Naples Glob Advsr Ltd Liability Com holds 1,790 shares or 0.11% of its portfolio. Covington Advisors Inc reported 0.15% in L3 Technologies, Inc. (NYSE:LLL). Stanley, a Alabama-based fund reported 4,514 shares. Wedgewood Invsts Pa holds 4,783 shares. 1,425 were accumulated by Wendell David. Moreover, Oak Assoc Limited Oh has 0.03% invested in L3 Technologies, Inc. (NYSE:LLL).

Among 20 analysts covering GameStop Corp. (NYSE:GME), 11 have Buy rating, 1 Sell and 8 Hold. Therefore 55% are positive. GameStop Corp. had 74 analyst reports since August 6, 2015 according to SRatingsIntel. Oppenheimer maintained the shares of GME in report on Tuesday, June 20 with “Hold” rating. The rating was maintained by Benchmark with “Sell” on Wednesday, November 22. On Thursday, September 14 the stock rating was maintained by Robert W. Baird with “Buy”. The stock of GameStop Corp. (NYSE:GME) has “Outperform” rating given on Monday, June 27 by Telsey Advisory Group. Robert W. Baird maintained the stock with “Buy” rating in Wednesday, August 26 report. As per Tuesday, January 17, the company rating was maintained by Mizuho. Macquarie Research downgraded the shares of GME in report on Friday, January 13 to “Neutral” rating. The stock of GameStop Corp. (NYSE:GME) has “Neutral” rating given on Wednesday, November 2 by Piper Jaffray. On Wednesday, November 2 the stock rating was maintained by Benchmark with “Sell”. Telsey Advisory Group downgraded GameStop Corp. (NYSE:GME) rating on Monday, March 13. Telsey Advisory Group has “Market Perform” rating and $27 target.

Investors sentiment decreased to 1.07 in Q3 2017. Its down 0.11, from 1.18 in 2017Q2. It fall, as 37 investors sold GME shares while 83 reduced holdings. 35 funds opened positions while 93 raised stakes. 100.21 million shares or 1.31% less from 101.54 million shares in 2017Q2 were reported. Department Mb Fincl Bank N A reported 257 shares. Commerzbank Aktiengesellschaft Fi has 16,504 shares. Cubic Asset Management Limited Liability owns 39,465 shares or 0.23% of their US portfolio. Great West Life Assurance Company Can has invested 0% in GameStop Corp. (NYSE:GME). Moreover, First Tru Lp has 0.03% invested in GameStop Corp. (NYSE:GME). Benjamin F Edwards Com reported 600 shares or 0% of all its holdings. Convergence Inv Ptnrs Limited Liability reported 214,540 shares stake. Missouri-based Towle & Com has invested 3.28% in GameStop Corp. (NYSE:GME). Nationwide Fund Advsrs has 0.02% invested in GameStop Corp. (NYSE:GME) for 186,639 shares. Weaver C Barksdale And has invested 0.05% in GameStop Corp. (NYSE:GME). Denali Limited Liability Com has invested 0.35% of its portfolio in GameStop Corp. (NYSE:GME). Parkside Fincl Comml Bank has 46 shares. Utd Automobile Association has invested 0% in GameStop Corp. (NYSE:GME). Bnp Paribas Arbitrage Sa holds 0.02% or 386,829 shares. Raymond James Assoc invested in 95,467 shares or 0% of the stock.

Analysts await GameStop Corp. (NYSE:GME) to report earnings on March, 22. They expect $2.01 earnings per share, down 15.55% or $0.37 from last year’s $2.38 per share. GME’s profit will be $203.60 million for 2.21 P/E if the $2.01 EPS becomes a reality. After $0.54 actual earnings per share reported by GameStop Corp. for the previous quarter, Wall Street now forecasts 272.22% EPS growth.

Melvin Capital Management Lp increased Sherwin Williams Co (NYSE:SHW) stake by 253,741 shares to 443,741 valued at $158.88 million in 2017Q3. It also upped Signet Jewelers Limited (Put) (NYSE:SIG) stake by 1.66 million shares and now owns 2.56 million shares. Yandex N V (NASDAQ:YNDX) was raised too.

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