Level 3 Communications, Inc. (LVLT) Holdings Boosted by Norinchukin Bank The

Norinchukin Bank The raised its position in Level 3 Communications, Inc. (NYSE:LVLT) by 7.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,866 shares of the technology company’s stock after buying an additional 1,553 shares during the period. Norinchukin Bank The’s holdings in Level 3 Communications were worth $1,165,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in LVLT. Bessemer Group Inc. lifted its position in shares of Level 3 Communications by 472.3% during the third quarter. Bessemer Group Inc. now owns 1,877 shares of the technology company’s stock worth $100,000 after purchasing an additional 1,549 shares in the last quarter. Tiverton Asset Management LLC acquired a new position in shares of Level 3 Communications during the second quarter worth approximately $126,000. Sun Life Financial INC lifted its position in shares of Level 3 Communications by 23,733.3% during the second quarter. Sun Life Financial INC now owns 2,145 shares of the technology company’s stock worth $127,000 after purchasing an additional 2,136 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its position in shares of Level 3 Communications by 449.0% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,306 shares of the technology company’s stock worth $137,000 after purchasing an additional 1,886 shares in the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Level 3 Communications during the second quarter worth approximately $211,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

LVLT has been the topic of a number of research reports. BidaskClub lowered shares of Level 3 Communications from a “sell” rating to a “strong sell” rating in a research report on Friday, October 20th. Barclays PLC reduced their target price on shares of Level 3 Communications from $59.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 4th. Finally, Zacks Investment Research upgraded shares of Level 3 Communications from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Level 3 Communications currently has a consensus rating of “Hold” and an average price target of $61.55.

Shares of Level 3 Communications, Inc. (NYSE:LVLT) traded up $0.93 during mid-day trading on Monday, hitting $53.63. 3,119,100 shares of the stock were exchanged, compared to its average volume of 2,423,731. Level 3 Communications, Inc. has a 12 month low of $50.82 and a 12 month high of $64.61. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.94.

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About Level 3 Communications

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.

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

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