Level 3 Communications, Inc. (LVLT) Stake Decreased by Candriam Luxembourg S.C.A.

Candriam Luxembourg S.C.A. lowered its stake in shares of Level 3 Communications, Inc. (NYSE:LVLT) by 3.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,533 shares of the technology company’s stock after selling 1,207 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Level 3 Communications were worth $1,840,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. KCG Holdings Inc. acquired a new position in Level 3 Communications in the first quarter worth $212,000. Capstone Asset Management Co. boosted its holdings in Level 3 Communications by 0.3% in the second quarter. Capstone Asset Management Co. now owns 21,215 shares of the technology company’s stock worth $1,258,000 after purchasing an additional 60 shares during the period. State of Alaska Department of Revenue boosted its holdings in Level 3 Communications by 8.0% in the second quarter. State of Alaska Department of Revenue now owns 4,612 shares of the technology company’s stock worth $273,000 after purchasing an additional 340 shares during the period. LS Investment Advisors LLC boosted its holdings in Level 3 Communications by 2.7% in the second quarter. LS Investment Advisors LLC now owns 8,561 shares of the technology company’s stock worth $508,000 after purchasing an additional 227 shares during the period. Finally, Louisiana State Employees Retirement System boosted its holdings in Level 3 Communications by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the technology company’s stock worth $1,079,000 after purchasing an additional 200 shares during the period. 98.84% of the stock is owned by institutional investors and hedge funds.

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A number of equities analysts have commented on LVLT shares. BidaskClub downgraded shares of Level 3 Communications from a “sell” rating to a “strong sell” rating in a report on Friday, October 20th. Barclays PLC decreased their price objective on shares of Level 3 Communications from $59.00 to $53.00 and set an “equal weight” rating for the company in a report on Wednesday, October 4th. Finally, Zacks Investment Research raised shares of Level 3 Communications from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $61.55.

Shares of Level 3 Communications, Inc. (LVLT) opened at $53.63 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.79 and a quick ratio of 1.79. Level 3 Communications, Inc. has a one year low of $50.82 and a one year high of $64.61.

Level 3 Communications 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.

Institutional Ownership by Quarter for Level 3 Communications (NYSE:LVLT)

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