Rhumbline Advisers raised its holdings in shares of Level 3 Communications, Inc. (NYSE:LVLT) by 1.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 520,478 shares of the technology company’s stock after purchasing an additional 8,000 shares during the quarter. Rhumbline Advisers’ holdings in Level 3 Communications were worth $27,736,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Quantitative Systematic Strategies LLC lifted its holdings in shares of Level 3 Communications by 26.6% in the 3rd quarter. Quantitative Systematic Strategies LLC now owns 4,770 shares of the technology company’s stock worth $254,000 after acquiring an additional 1,003 shares during the last quarter. Hosking Partners LLP lifted its holdings in shares of Level 3 Communications by 1.6% in the 2nd quarter. Hosking Partners LLP now owns 418,978 shares of the technology company’s stock worth $24,845,000 after acquiring an additional 6,665 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Level 3 Communications by 5.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,487,110 shares of the technology company’s stock worth $88,186,000 after acquiring an additional 78,087 shares during the last quarter. KBC Group NV lifted its holdings in shares of Level 3 Communications by 1.4% in the 2nd quarter. KBC Group NV now owns 31,211 shares of the technology company’s stock worth $1,851,000 after acquiring an additional 444 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Level 3 Communications by 7.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 70,760 shares of the technology company’s stock worth $4,196,000 after acquiring an additional 4,697 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

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Several equities research analysts have recently issued reports on the stock. BidaskClub lowered shares of Level 3 Communications from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Barclays PLC lowered their target price 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 upgraded shares of Level 3 Communications from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $61.55.

Level 3 Communications, Inc. (NYSE LVLT) opened at $53.63 on Friday. Level 3 Communications, Inc. has a 12 month low of $50.82 and a 12 month high of $64.61. 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 Company 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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