Berkshire Asset Management LLC PA Has $330000 Stake in Harris Co. (HRS)

Joanna Estrada
May 4, 2018

The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.48 billion. The insider MEHNERT DANA A sold 51,200 shares worth $7.84 million. About 850,683 shares traded or 4.33% up from the average. Southport Mgmt Lc stated it has 6.96% in Harris Corporation (NYSE:HRS). It has outperformed by 5.51% the S&P500.

Ahl Partners Llp decreased its stake in Harris Corp Del (HRS) by 30.77% based on its latest 2017Q4 regulatory filing with the SEC. $1.35 million worth of Harris Corporation (NYSE:HRS) was sold by FOX SHELDON J. The company has market cap of $17.95 billion.

Harris stock traded down $5.02 during midday trading on Wednesday, hitting $146.76. The shares were sold at an average price of $156.00, for a total value of $1,354,392.00. Harris Corporation (NYSE:HRS) has risen 44.73% since May 3, 2017 and is uptrending. BlackRock Inc. now owns 8,600,628 shares of the communications equipment provider's stock worth $1,218,281,000 after acquiring an additional 751,366 shares during the period. Harris Co. has a 52-week low of $106.18 and a 52-week high of $170.54. Chicago-based equity research firm Zacks Investment Research has assigned this stock ABR (Average Brokerage Recommendation) of 1.38, indicating analysts in general look favorably on the company's future prospects. 86% are bullish. 8 are the (NYSE:HRS)'s analyst reports since January 8, 2018 according to StockzIntelligence Inc. Somerset Tru Company has invested 0.98% in Harris Corporation (NYSE:HRS). They set a "buy" rating and a $196.00 price objective on the stock. Business innovation initiatives remain added positives for the company.

Harris Corporation (NYSE:HRS) was down -2.97% (-$4.64) to $151.78 and showed a volume of 1.23 mln shares. The rating was maintained by JP Morgan with "Overweight" on Wednesday, November 1. Cowen reissued a "buy" rating and set a $170.00 price objective on shares of Harris in a report on Tuesday, January 30th. The rating was upgraded by Cowen & Co on Monday, November 7 to "Outperform".

That activity is comparable to their recent volume average trend of almost 0.82 million shares which they recorded over a period of three months. Also, SVP Scott T. Mikuen sold 20,000 shares of Harris stock in a transaction that occurred on Friday, March 2nd. Abner Herrman & Brock LLC acquired a new position in Harris in the fourth quarter valued at $209,000.

Big Money Sentiment increased to 1.09 in 2017 Q4. Its up 0.10, from 0.99 in 2017Q3.

For the full year 2018, HRS expects earnings in a range of $6.45 - $6.50 per diluted share, while revenues are expected at $6.14 billion for the same period. 91 funds amassed positions and 160 increased positions. Liberty Mutual Gru Asset Mngmt Incorporated has invested 0.02% in Harris Corporation (NYSE:HRS). Oppenheimer & has invested 0.16% in Harris Corporation (NYSE:HRS). Smithfield Tru holds 0.01% or 440 shares. (NYSE:AIG), but it might not be harder to recover from. Mackenzie Corp reported 7,736 shares stake.

Glg Limited Liability Com holds 6,160 shs or 0.06% of its capital. Smithfield invested in 440 shares or 0.01% of the stock. Lpl holds 0% of its portfolio in Harris Corporation (NYSE:HRS) for 10,272 shares. Walleye Trading Ltd holds 1,238 shares or 0% of its portfolio. 42,825 were accumulated by Los Angeles Capital Management Equity. Comm Bankshares has invested 0.01% in Harris Corporation (NYSE:HRS). Savings Bank has invested 0.01% in Harris Corporation (NYSE:HRS). White Pine has 2.06% invested in Harris Corporation (NYSE:HRS) for 29,445 shs.

Since January 1, 0001, it had 0 buys, and 1 sale for $81,789 activity. The active investment managers in our database now own: 61.91 million shares, up from 59.25 million shares in 2017Q3. Therefore 62% are positive. The firm has "Buy" rating by Credit Suisse given on Wednesday, January 31. The stock has "Buy" rating by Jefferies on Thursday, August 17. The firm has "Buy" rating by Seaport Global given on Wednesday, January 31. On Tuesday, April 10 the stock rating was maintained by Citigroup with "Buy". The firm earned "Buy" rating on Monday, October 2 by Wells Fargo. On Tuesday, September 13 the stock rating was downgraded by Societe Generale to "Sell". (NYSE:C), 23 have Buy rating, 2 Sell and 15 Hold. The rating was maintained by Maxim Group with "Buy" on Friday, January 15. Finally, Vident Investment Advisory LLC bought a new stake in shares of Harris during the 3rd quarter valued at about $445,000. It also reduced its holding in Amadeus It Group Eur0.01 by 381,334 shares in the quarter, leaving it with 1.18 million shares, and cut its stake in Start Today Co Ltd Npv.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Other reports by Click Lancashire

Discuss This Article