Southeast Asset Advisors INC Has Decreased Holding in Level 3 Communications (LVLT) as Market Value Rose

July 18, 2017 - By Hazel Jackson

Investors sentiment decreased to 0.96 in Q4 2016. Its down 0.50, from 1.46 in 2016Q3. It fall, as 66 investors sold LVLT shares while 164 reduced holdings. 88 funds opened positions while 132 raised stakes. 361.70 million shares or 2.02% less from 369.18 million shares in 2016Q3 were reported. Nordea Invest Mgmt reported 0% of its portfolio in Level 3 Communications, Inc. (NYSE:LVLT). Rudman Errol M invested 13.58% of its portfolio in Level 3 Communications, Inc. (NYSE:LVLT). 6,727 are held by Two Sigma Securities Ltd Limited Liability Company. Intll holds 117,595 shares. Sather Financial Grp Inc Inc holds 0.54% in Level 3 Communications, Inc. (NYSE:LVLT) or 27,667 shares. Cadence Capital Limited has 0.04% invested in Level 3 Communications, Inc. (NYSE:LVLT). Swift Run Mngmt Limited Liability Corporation has invested 1.93% of its portfolio in Level 3 Communications, Inc. (NYSE:LVLT). Quantres Asset Mgmt Limited holds 0.49% or 12,400 shares. Thrivent Finance For Lutherans, Minnesota-based fund reported 143,056 shares. Barclays Public Limited Company invested in 408,823 shares. Capwealth Advsrs Ltd Liability Company invested in 5.94% or 486,967 shares. Rampart Mgmt Commerce Ltd Limited Liability Company accumulated 12,096 shares. Price T Rowe Assoc Md invested 0.01% of its portfolio in Level 3 Communications, Inc. (NYSE:LVLT). Principal Financial Gp holds 0.03% or 443,265 shares in its portfolio. Bruni J V owns 589,841 shares or 6.05% of their US portfolio.

Since February 1, 2017, it had 0 insider purchases, and 13 selling transactions for $9.69 million activity. ALONSO HECTOR sold $310,371 worth of stock. The insider STOREY JEFFREY K sold $2.02M. $616,508 worth of Level 3 Communications, Inc. (NYSE:LVLT) was sold by PANG Laurinda Y. $527,737 worth of stock was sold by Ryan John Michael on Tuesday, April 4. The insider PATEL SUNIT S sold 16,305 shares worth $956,272. MORTENSEN ERIC had sold 1,371 shares worth $80,161. 9,446 shares valued at $553,998 were sold by Crouch Andrew on Wednesday, February 1.

Southeast Asset Advisors Inc decreased its stake in Level 3 Communications (LVLT) by 28.45% based on its latest 2016Q4 regulatory filing with the SEC. Southeast Asset Advisors Inc sold 359,737 shares as the company’s stock rose 3.98% with the market. The institutional investor held 904,822 shares of the public utilities company at the end of 2016Q4, valued at $51.00M, down from 1.26 million at the end of the previous reported quarter. Southeast Asset Advisors Inc who had been investing in Level 3 Communications for a number of months, seems to be less bullish one the $20.92 billion market cap company. The stock decreased 0.15% or $0.09 on July 17, reaching $58.01. About shares traded. Level 3 Communications, Inc. (NYSE:LVLT) has risen 15.09% since July 18, 2016 and is uptrending. It has underperformed by 1.61% the S&P500.

Southeast Asset Advisors Inc, which manages about $1.76 billion and $316.81M US Long portfolio, upped its stake in Consol Energy Inc (NYSE:CNX) by 546,618 shares to 582,118 shares, valued at $10.61M in 2016Q4, according to the filing.

Analysts expect Level 3 Communications, Inc. (NYSE:LVLT) to report $0.39 EPS on July, 26.They anticipate $0.13 EPS change or 25.00 % from last quarter’s $0.52 EPS. LVLT’s profit would be $140.64M giving it 37.19 P/E if the $0.39 EPS is correct. After having $0.34 EPS previously, Level 3 Communications, Inc.’s analysts see 14.71 % EPS growth.

More notable recent Level 3 Communications, Inc. (NYSE:LVLT) news were published by: Bizjournals.com which released: “CenturyLink accused of unethical sales techniques; Level 3 shares dragged down” on June 19, 2017, also Gurufocus.com with their article: “Havens Advisors Llc Buys Alere Inc, Level 3 Communications Inc, Akorn Inc …” published on July 12, 2017, Nasdaq.com published: “Why Should Investors Dump Level 3 Communications Stock?” on July 06, 2017. More interesting news about Level 3 Communications, Inc. (NYSE:LVLT) were released by: Prnewswire.com and their article: “Enterprises Keep Pace in Digital Transformation with Level 3 SD-WAN” published on June 20, 2017 as well as 9News.com‘s news article titled: “Level 3-CenturyLink merger inches closer to completion; Colorado gives its OK” with publication date: July 10, 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. $59.83’s average target is 3.14% above currents $58.01 stock price. Level 3 had 31 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, August 24 by Moffett Nathanson. As per Tuesday, November 1, the company rating was downgraded by BTIG Research. The firm has “Neutral” rating by Bank of America given on Friday, April 29. The firm has “Outperform” rating by Macquarie Research given on Thursday, September 3. The rating was downgraded by Moffett Nathanson to “Neutral” on Tuesday, November 22. The rating was initiated by Barclays Capital with “Overweight” on Tuesday, October 18. The rating was initiated by William Blair with “Outperform” on Tuesday, April 19. The stock has “Hold” rating by RBC Capital Markets on Friday, July 7. The stock of Level 3 Communications, Inc. (NYSE:LVLT) earned “Underperform” rating by Raymond James on Monday, May 15. Goldman Sachs maintained the stock with “Buy” rating in Friday, October 14 report.

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