Bienville Capital Management adds Level 3 Communications (LVLT) to its portfolio

Level 3 Communications (LVLT) : Bienville Capital Management added new position in Level 3 Communications during the most recent quarter end. The investment management firm now holds 11,041 shares of Level 3 Communications which is valued at $571,593 , the company said in a statement filed on May 12, 2016 with the SEC.Level 3 Communications makes up approximately 0.19% of Bienville Capital Management’s portfolio.

Other Hedge Funds, Including , Blackrock Advisors boosted its stake in LVLT in the latest quarter, The investment management firm added 6,139 additional shares and now holds a total of 238,425 shares of Level 3 Communications which is valued at $12.3 Million. Level 3 Communications makes up approx 0.01% of Blackrock Advisors’s portfolio.Global X Management Co boosted its stake in LVLT in the latest quarter, The investment management firm added 569 additional shares and now holds a total of 1,431 shares of Level 3 Communications which is valued at $74,097.Columbus Circle Investors boosted its stake in LVLT in the latest quarter, The investment management firm added 49,351 additional shares and now holds a total of 470,657 shares of Level 3 Communications which is valued at $24.4 Million. Level 3 Communications makes up approx 0.22% of Columbus Circle Investors’s portfolio.Aperio Group boosted its stake in LVLT in the latest quarter, The investment management firm added 17,866 additional shares and now holds a total of 87,948 shares of Level 3 Communications which is valued at $4.6 Million. Level 3 Communications makes up approx 0.04% of Aperio Group’s portfolio.

Level 3 Communications opened for trading at $52.02 and hit $52.46 on the upside on Friday, eventually ending the session at $52.28, with a gain of 0.99% or 0.51 points. The heightened volatility saw the trading volume jump to 15,51,127 shares. Company has a market cap of $18,713 M.

On the company’s financial health, Level 3 Communications reported $0.35 EPS for the quarter, missing the analyst consensus estimate by $ -0.09 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $0.44. The company had revenue of $2051.00 million for the quarter, compared to analysts expectations of $2075.97 million. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS.

Many Wall Street Analysts have commented on Level 3 Communications. Level 3 Communications was Downgraded by BofA/Merrill to ” Neutral” on Apr 29, 2016.

Level 3 Communications Inc. is a provider of a range of integrated communications services. The Company’s operating segments include North America includes operations in Georgia Colorado Florida Canada New York Arizona Pennsylvania Michigan and Oklahoma; Europe includes operations in England Ireland The Netherlands and France; The Latin America includes operations in Colombia Argentina Venezuela Peru Ecuador Chile and Brazil. The Asia or Pacific includes operations in China Singapore and Japan. The tw telecom inc. (tw telecom) is an indirect wholly owned subsidiary of the Company. The Company offers services which includes core network services and wholesale voice services. It offers products which include core network services including transport and fiber services colocation and data center services IP and data services managed services cloud and IT services voice services and wholesale voice services including voice termination and toll free.

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