Parametrica Management Ltd adds Level 3 Communications (LVLT) to its portfolio

Level 3 Communications (LVLT) : Parametrica Management Ltd added new position in Level 3 Communications during the most recent quarter end. The investment management firm now holds 10,100 shares of Level 3 Communications which is valued at $455,409 , the company said in a statement filed on Oct 13, 2016 with the SEC.Level 3 Communications makes up approximately 1.29% of Parametrica Management Ltd’s portfolio.

Other Hedge Funds, Including , Amerigo Asset Management reduced its stake in LVLT by selling 1,292,879 shares or 31.14% in the most recent quarter. The Hedge Fund company now holds 2,859,266 shares of LVLT which is valued at $128,924,304. Level 3 Communications makes up approx 16.86% of Amerigo Asset Management’s portfolio.Capstone Asset Management Co boosted its stake in LVLT in the latest quarter, The investment management firm added 420 additional shares and now holds a total of 20,975 shares of Level 3 Communications which is valued at $951,846. Level 3 Communications makes up approx 0.03% of Capstone Asset Management Co’s portfolio.Simplex Trading boosted its stake in LVLT in the latest quarter, The investment management firm added 3,576 additional shares and now holds a total of 5,774 shares of Level 3 Communications which is valued at $264,565. Level 3 Communications makes up approx 0.03% of Simplex Trading’s portfolio. Washington Trust Bank added LVLT to its portfolio by purchasing 39 company shares during the most recent quarter which is valued at $1,779.

Level 3 Communications closed down -0.66 points or -1.43% at $45.38 with 22,85,497 shares getting traded on Tuesday. Post opening the session at $45.82, the shares hit an intraday low of $45.19 and an intraday high of $45.82 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Level 3 Communications reported $0.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.45. The company had revenue of $2056.00 million for the quarter, compared to analysts expectations of $2078.64 million. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS.

Many Wall Street Analysts have commented on Level 3 Communications. Level 3 Communications was Upgraded by MoffettNathanson to ” Buy” on Aug 24, 2016. Level 3 Communications was Downgraded by JP Morgan to ” Neutral” on Jul 28, 2016. Level 3 Communications was Initiated by Pacific Crest to “Sector Weight” on Jul 25, 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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