As Level 3 Communications INC (LVLT) Stock Price Rose, Southeastern Asset Management INC Has Cut Position by $34.57 Million

November 14, 2017 - By Kurt Siggers

Investors sentiment decreased to 0.99 in 2017 Q2. Its down 0.10, from 1.09 in 2017Q1. It dropped, as 32 investors sold LVLT shares while 149 reduced holdings. 41 funds opened positions while 138 raised stakes. 349.71 million shares or 2.43% less from 358.41 million shares in 2017Q1 were reported. Stifel Fin Corporation owns 9,036 shares. Livforsakringsbolaget Skandia Omsesidigt has invested 0.03% of its portfolio in Level 3 Communications, Inc. (NYSE:LVLT). Wellington Mngmt Llp, Massachusetts-based fund reported 118,624 shares. Glenmede Na has invested 0% of its portfolio in Level 3 Communications, Inc. (NYSE:LVLT). Aqr Mgmt Ltd Liability Co has invested 0.03% of its portfolio in Level 3 Communications, Inc. (NYSE:LVLT). Carlson Capital LP has 2.89% invested in Level 3 Communications, Inc. (NYSE:LVLT) for 3.41 million shares. 41,359 were accumulated by Cibc Corporation. Dimensional Fund Advisors Limited Partnership holds 0.06% or 2.14M shares in its portfolio. Ls Invest Ltd Co holds 0.03% or 8,561 shares in its portfolio. Gulf Intl Commercial Bank (Uk) Ltd invested 0.08% in Level 3 Communications, Inc. (NYSE:LVLT). Bnp Paribas Arbitrage stated it has 115,534 shares or 0.02% of all its holdings. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 70,760 shares. Indexiq Advsrs Ltd Liability Co has invested 0.48% in Level 3 Communications, Inc. (NYSE:LVLT). Westchester Cap Mgmt Ltd reported 2.17 million shares. The New York-based Oppenheimer has invested 0.01% in Level 3 Communications, Inc. (NYSE:LVLT).

Mason Hawkins decreased its stake in Level 3 Communications Inc. (LVLT) by 2.11% based on its latest 2017Q2 regulatory filing with the SEC. Southeastern Asset Management Inc sold 585,887 shares as the company’s stock rose 3.98% with the market. The hedge fund run by Mason Hawkins held 27.19 million shares of the public utilities company at the end of 2017Q2, valued at $1.61 billion, down from 27.78 million at the end of the previous reported quarter. Southeastern Asset Management Inc who had been investing in Level 3 Communications Inc. for a number of months, seems to be less bullish one the $19.45 billion market cap company. It is 0.00% or $0 reaching $53.63 per share. It is down 15.09% since November 14, 2016 and is uptrending. It has underperformed by 1.61% the S&P500.

More important recent Level 3 Communications, Inc. (NYSE:LVLT) news were published by: Reuters.com which released: “US regulator approves CenturyLink’s $24 billion Level 3 acquisition” on October 30, 2017, also Nasdaq.com published article titled: “Level 3 Communications Enters Oversold Territory”, Seekingalpha.com published: “CenturyLink: Can The Level 3 Acquisition Save The Dividend?” on October 27, 2017. More interesting news about Level 3 Communications, Inc. (NYSE:LVLT) was released by: Denverpost.com and their article: “Colorado’s Level 3 Communications is no more, as CenturyLink closes $30B purchase” with publication date: November 01, 2017.

Level 3 Communications, Inc. (NYSE:LVLT) Ratings Coverage

Among 18 analysts covering Level 3 (NYSE:LVLT), 5 have Buy rating, 1 Sell and 12 Hold. Therefore 28% are positive. Level 3 has $66.50 highest and $50 lowest target. $59.17’s average target is 10.33% above currents $53.63 stock price. Level 3 had 33 analyst reports since July 30, 2015 according to SRatingsIntel. As per Tuesday, November 1, the company rating was downgraded by Jefferies. The company was maintained on Thursday, May 25 by RBC Capital Markets. The stock of Level 3 Communications, Inc. (NYSE:LVLT) has “Neutral” rating given on Friday, April 29 by Bank of America. As per Tuesday, September 22, the company rating was initiated by RBC Capital Markets. Goldman Sachs maintained the shares of LVLT in report on Friday, October 14 with “Buy” rating. The stock of Level 3 Communications, Inc. (NYSE:LVLT) has “Mkt Perform” rating given on Tuesday, November 1 by FBR Capital. The stock has “Hold” rating by Suntrust Robinson on Tuesday, December 13. The rating was downgraded by BTIG Research to “Neutral” on Tuesday, November 1. The stock of Level 3 Communications, Inc. (NYSE:LVLT) earned “Buy” rating by Canaccord Genuity on Thursday, July 30. The rating was initiated by William Blair on Tuesday, April 19 with “Outperform”.

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