Omni Partners LLP raised its holdings in Level 3 Communications, Inc. (NYSE:LVLT) by 179.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 951,789 shares of the technology company’s stock after buying an additional 611,446 shares during the quarter. Level 3 Communications makes up approximately 6.5% of Omni Partners LLP’s holdings, making the stock its 6th largest holding. Omni Partners LLP owned 0.26% of Level 3 Communications worth $50,701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of LVLT. Bessemer Group Inc. lifted its stake in shares of Level 3 Communications by 472.3% in the 3rd quarter. Bessemer Group Inc. now owns 1,877 shares of the technology company’s stock valued at $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 in the 2nd quarter valued at about $126,000. Sun Life Financial INC lifted its stake in shares of Level 3 Communications by 23,733.3% in the 2nd quarter. Sun Life Financial INC now owns 2,145 shares of the technology company’s stock valued at $127,000 after purchasing an additional 2,136 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Level 3 Communications by 449.0% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,306 shares of the technology company’s stock valued at $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 in the 2nd quarter valued at about $211,000. Institutional investors own 98.84% of the company’s stock.

Level 3 Communications, Inc. (NYSE LVLT) traded up $0.93 during trading on Wednesday, reaching $53.63. The company had a trading volume of 3,119,100 shares, compared to its average volume of 2,423,731. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.94. Level 3 Communications, Inc. has a 12-month low of $50.82 and a 12-month high of $64.61.

Several equities analysts have recently weighed in on the company. BidaskClub lowered Level 3 Communications from a “sell” rating to a “strong sell” rating in a research note on Friday, October 20th. Barclays reduced their price objective on Level 3 Communications from $59.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 4th. Finally, Zacks Investment Research raised Level 3 Communications from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $61.55.

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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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