Follow The 13GDs: Level 3 Communications Inc: Centurylink, Inc Opened Big New Position

Follow The 13GDs: Level 3 Communications Inc: Centurylink, Inc Opened Big New Position

The New Centurylink, Inc Holding in Level 3 Communications Inc

Centurylink, Inc filed with the SEC SC 13D form for Level 3 Communications Inc. The form can be accessed here: 000119312516765865. As reported in Centurylink, Inc’s form, the filler as of late owns 18.1% or 65,031,667 shares of the Utilities & Telecommunications–company.

Level 3 Communications Inc stake is a new one for the and it was filed because of activity on October31, 2016. We feel this shows Centurylink, Inc’s positive view for the stock.

Level 3 Communications Inc Institutional Sentiment

Latest Security and Exchange filings show 394 investors own Level 3 Communications Inc. The institutional ownership in Q3 2015 is very high, at 95.45% of the outstanding shares. This is decreased by 19461206 the total institutional shares. 343564228 were the shares owned by these institutional investors. In total 38 funds opened new Level 3 Communications Inc stakes, 159 increased stakes. There were 57 that closed positions and 147 reduced them.

18 managers had the stock in their top Ten. Notable investors are: Capwealth Advisors Llc, Covey Capital Advisors Llc, Singapore Technologies Telemedia Pte Ltd, Southeast Asset Advisors Inc., Southeastern Asset Management Inc Tn, Systematic Financial Management Lp, West Family Investments Inc., Rudman Errol M, Steadfast Advisors Lp, Steadfast Capital Management Lp..

Calvert Investment Management Inc is an institutional investor bullish on Level 3 Communications Inc, owning 41588 shares as of Q3 2015 for 0.09% of its portfolio. Bridges Investment Management Inc owns 19582 shares or 0.18% of its portfolio. IL Botty Investors Llc have 0.62% of their stock portfolio for 20500 shares. Further, Bridges Investment Counsel Inc reported stake worth 0.18% of its US stock portfolio. The MA Boston Advisors Llc owns 92465 shares. Level 3 Communications Inc is 0.15% of the manager’s US portfolio.

Business Profile

Level 3 Communications, Inc. is a provider of a range of integrated communications services. The Company’s operating segments include North America, EMEA and Latin America. The North America includes operations in Atlanta, Georgia; Littleton, Colorado; Miami, Florida; Montreal, Canada; New York, New York; Phoenix, Arizona; Pittsburgh, Pennsylvania; Southfield, Michigan, and Tulsa, Oklahoma. The Europe segment includes operations in Basingstoke, England; Crewe, England; Dublin, Ireland; London, England; Naarden, The Netherlands, and Paris, France. The Latin America includes operations in Bogota, Colombia; Buenos Aires, Argentina; Caracas, Venezuela; Lima, Peru; Quito, Ecuador; Santiago, Chile, and Sao Paulo, Brazil. The communications services include transport and fiber services, colocation and data center services, Internet Protocol (IP) and data services, security services and voice services. Its wholesale voice services include voice termination and toll free service.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Insitutional Activity: The institutional sentiment decreased to 1.14 in 2016 Q2. Its down 0.42, from 1.56 in 2016Q1. The ratio dropped, as 41 funds sold all Level 3 Communications, Inc. shares owned while 141 reduced positions. 39 funds bought stakes while 168 increased positions. They now own 365.06 million shares or 1.16% less from 369.32 million shares in 2016Q1.

Ngam Advsrs Lp last reported 0.02% of its portfolio in the stock. Blackrock Limited Liability, a New Jersey-based fund reported 626,959 shares. New York State Common Retirement Fund has 0.05% invested in the company for 689,600 shares. The Maryland-based Proshare Advisors Ltd Liability Corp has invested 0.04% in Level 3 Communications, Inc. (NYSE:LVLT). Nomura Asset Co holds 0.03% or 35,673 shares in its portfolio. Carl Domino has 0.24% invested in the company for 5,000 shares. Apg Asset Nv holds 0.04% or 361,912 shares in its portfolio. Raymond James Fincl Advisors accumulated 9,915 shares or 0% of the stock. Platinum Investment Mgmt Ltd has 3.86M shares for 4.92% of their US portfolio. Commonwealth Fincl Bank Of Australia has invested 0% of its portfolio in Level 3 Communications, Inc. (NYSE:LVLT). Brown Brothers Harriman And Communications accumulated 0.02% or 56,178 shares. Moreover, Wells Fargo Mn has 0.01% invested in Level 3 Communications, Inc. (NYSE:LVLT) for 299,957 shares. Royal London Asset owns 99,787 shares or 0.08% of their US portfolio. Virtu Financial Lc last reported 4,045 shares in the company. California Employees Retirement Sys accumulated 685,610 shares or 0.06% of the stock.

Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 24 insider sales for $13.94 million net activity. Ryan John Michael also sold $297,682 worth of Level 3 Communications, Inc. (NYSE:LVLT) on Thursday, September 1. $680,270 worth of Level 3 Communications, Inc. (NYSE:LVLT) was sold by ALONSO HECTOR. $1.02M worth of Level 3 Communications, Inc. (NYSE:LVLT) was sold by STOREY JEFFREY K. 3,090 shares were sold by Crouch Andrew, worth $141,368. PANG Laurinda Y sold 2,145 shares worth $98,997. PATEL SUNIT S sold $282,623 worth of Level 3 Communications, Inc. (NYSE:LVLT) on Saturday, October 1. The insider MORTENSEN ERIC sold 2,150 shares worth $109,263.

About 3.32M shares traded hands. Level 3 Communications, Inc. (NYSE:LVLT) has risen 5.33% since April 8, 2016 and is uptrending. It has underperformed by 0.32% the S&P500.

Level 3 Communications, Inc. is a provider of a range of integrated communications services. The company has a market cap of $19.70 billion. The Company’s operating divisions include North America, EMEA and Latin America. It has a 5.27 P/E ratio. The North America includes activities in Atlanta, Georgia; Littleton, Colorado; Miami, Florida; Montreal, Canada; New York, New York; Phoenix, Arizona; Pittsburgh, Pennsylvania; Southfield, Michigan, and Tulsa, Oklahoma.

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

Out of 15 analysts covering Level 3 (NYSE:LVLT), 8 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 53% are positive. $66.50 is the highest target while $50 is the lowest. The $59.56 average target is 10.09% above today’s ($54.1) stock price. Level 3 has been the topic of 21 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The stock of Level 3 Communications, Inc. (NYSE:LVLT) has “Market Perform” rating given on Tuesday, November 1 by Cowen & Co. As per Tuesday, September 22, the company rating was initiated by RBC Capital Markets. The stock of Level 3 Communications, Inc. (NYSE:LVLT) has “Overweight” rating given on Friday, October 14 by JP Morgan. The firm earned “Buy” rating on Thursday, July 30 by Canaccord Genuity. The stock has “Outperform” rating given by Macquarie Research on Thursday, September 3. The rating was maintained by Macquarie Research on Tuesday, August 4 with “Neutral”. Goldman Sachs maintained the shares of LVLT in a report on Friday, October 14 with “Buy” rating. Morgan Stanley upgraded it to “Overweight” rating and $60 target price in Thursday, February 11 report. Jefferies downgraded the shares of LVLT in a report on Tuesday, November 1 to “Hold” rating. The stock of Level 3 Communications, Inc. (NYSE:LVLT) has “Mkt Perform” rating given on Tuesday, November 1 by FBR Capital.

More notable recent Level 3 Communications, Inc. (NYSE:LVLT) news were published by: Wsj.com which released: “CenturyLink to Buy Level 3 Communications for $25 Billion” on October 31, 2016, also Wsj.com with their article: “CenturyLink in Advanced Talks to Merge With Level 3 Communications” published on October 27, 2016, Fool.com published: “Why Level 3 Communications, Inc. Gained 21% in October” on November 03, 2016. More interesting news about Level 3 Communications, Inc. (NYSE:LVLT) were released by: Prnewswire.com and their article: “LEVEL 3 (LVLT) Alert: Johnson & Weaver, LLP Launches an Investigation into the …” published on October 31, 2016 as well as 9News.com‘s news article titled: “CenturyLink selling data centers to help pay for Level 3 buy” with publication date: November 04, 2016.

According to Zacks Investment Research, “Level 3 Communications is an international communications and information services company. The company operates one of the largest Internet backbones in the world, is one of the largest providers of wholesale dial-up service to ISPs in North America and is the primary provider of Internet connectivity for millions of broadband subscribers, through its cable and DSL partners. The company offers a wide range of communications services over its mile broadband fiber optic network including Internet Protocol services, broadband transport and infrastructure services, colocation services, and patented softswitch managed modem and voice services.”

LVLT Company Profile

Level 3 Communications, Inc., incorporated on December 10, 1985, is a well-known provider of a range of integrated communications services. The Company’s operating divisions include North America, EMEA and Latin America. The North America includes activities in Atlanta, Georgia; Littleton, Colorado; Miami, Florida; Montreal, Canada; New York, New York; Phoenix, Arizona; Pittsburgh, Pennsylvania; Southfield, Michigan, and Tulsa, Oklahoma. The Europe segment includes activities in Basingstoke, England; Crewe, England; Dublin, Ireland; London, England; Naarden, The Netherlands, and Paris, France. The Latin America includes activities in Bogota, Colombia; Buenos Aires, Argentina; Caracas, Venezuela; Lima, Peru; Quito, Ecuador; Santiago, Chile, and Sao Paulo, Brazil. The Firm offers optical, Internet Protocol, computing and storage technologies.

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