HAP Trading LLC reduced its position in Level 3 Communications, Inc. (NYSE:LVLT) by 82.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,112 shares of the technology company’s stock after selling 64,948 shares during the quarter. HAP Trading LLC’s holdings in Level 3 Communications were worth $752,000 as of its most recent filing with the SEC.

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

Level 3 Communications, Inc. (NYSE LVLT) traded up $0.01 on Friday, reaching $53.63. 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 fifty-two week low of $50.82 and a fifty-two week high of $64.61.

Several brokerages recently issued reports on LVLT. BidaskClub lowered shares of Level 3 Communications from a “sell” rating to a “strong sell” rating in a research note on Friday, October 20th. Barclays PLC cut 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 note on Wednesday, October 4th. Finally, Zacks Investment Research raised shares of Level 3 Communications from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $61.55.

TRADEMARK VIOLATION WARNING: “HAP Trading LLC Has $752,000 Stake in Level 3 Communications, Inc. (LVLT)” was reported by Watch List News and is the property of of Watch List News. If you are accessing this story on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this story can be read at https://www.watchlistnews.com/hap-trading-llc-has-752000-stake-in-level-3-communications-inc-lvlt/1712114.html.

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)

Receive News & Ratings for Level 3 Communications Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Level 3 Communications Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.