Harvest Management LLC Lifted Stake in Level 3 Communications INC (LVLT) by $4.24 Million as Valuation Rose

January 2, 2018 - By Nellie Frank

Investors sentiment increased to 1.1 in 2017 Q3. Its up 0.11, from 0.99 in 2017Q2. It is positive, as 41 investors sold LVLT shares while 124 reduced holdings. 38 funds opened positions while 143 raised stakes. 358.48 million shares or 2.51% more from 349.71 million shares in 2017Q2 were reported. Vanguard Inc holds 0.07% of its portfolio in Level 3 Communications, Inc. (NYSE:LVLT) for 29.71 million shares. Tudor Investment Corp Et Al invested 0.41% in Level 3 Communications, Inc. (NYSE:LVLT). Glazer Capital Limited Company holds 1.90M shares. York Management Glob Lc holds 4.91% or 4.24M shares in its portfolio. Shell Asset Mngmt Communication has invested 0.02% in Level 3 Communications, Inc. (NYSE:LVLT). 174,083 are held by Cove Street Cap Limited Com. Quantbot Tech LP stated it has 0.07% of its portfolio in Level 3 Communications, Inc. (NYSE:LVLT). Bradley Foster & Sargent Inc Ct invested in 0.01% or 6,017 shares. S Muoio & Lc has invested 1.11% in Level 3 Communications, Inc. (NYSE:LVLT). Guardian Life Ins Of America has invested 0.01% in Level 3 Communications, Inc. (NYSE:LVLT). Fny Managed Accounts Ltd Co invested in 1.06% or 15,200 shares. Sun Life Fincl stated it has 0.01% of its portfolio in Level 3 Communications, Inc. (NYSE:LVLT). Quantitative Systematic Strategies Lc has 0.07% invested in Level 3 Communications, Inc. (NYSE:LVLT) for 4,770 shares. Commonwealth Of Pennsylvania School Empls Retrmt System accumulated 51,319 shares. Royal Retail Bank Of Canada accumulated 364,607 shares.

Harvest Management Llc increased its stake in Level 3 Communications Inc (LVLT) by 131.58% based on its latest 2017Q3 regulatory filing with the SEC. Harvest Management Llc bought 80,000 shares as the company’s stock rose 3.98% with the market. The hedge fund held 140,800 shares of the public utilities company at the end of 2017Q3, valued at $7.50M, up from 60,800 at the end of the previous reported quarter. Harvest Management Llc who had been investing in Level 3 Communications Inc for a number of months, seems to be bullish on the $19.45 billion market cap company. It closed at $53.63 lastly. It is down 15.09% since January 2, 2017 and is uptrending. It has underperformed by 1.61% the S&P500.

Another recent and important Level 3 Communications, Inc. (NYSE:LVLT) news was published by Seekingalpha.com which published an article titled: “CenturyLink Has Leveled Up” on December 29, 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. The stock of Level 3 Communications, Inc. (NYSE:LVLT) has “Sector Perform” rating given on Tuesday, November 1 by RBC Capital Markets. SunTrust initiated the shares of LVLT in report on Tuesday, December 13 with “Hold” rating. The rating was initiated by RBC Capital Markets on Tuesday, September 22 with “Outperform”. Bank of America downgraded Level 3 Communications, Inc. (NYSE:LVLT) on Friday, April 29 to “Neutral” rating. The rating was maintained by RBC Capital Markets with “Hold” on Thursday, May 25. Morgan Stanley upgraded the stock to “Overweight” rating in Thursday, February 11 report. The stock of Level 3 Communications, Inc. (NYSE:LVLT) has “Buy” rating given on Friday, October 14 by Goldman Sachs. The firm has “Buy” rating by Canaccord Genuity given on Thursday, July 30. The firm has “Outperform” rating given on Thursday, September 3 by Macquarie Research. The firm has “Overweight” rating by Barclays Capital given on Tuesday, October 18.

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