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Insider Trading Alert - Level 3 Communications And 4 Others Traded By Insiders

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Friday, Oct. 4, 2013, 48 U.S. common stocks issued filings of shares being bought or sold by insiders. The transactions ranged in value from $635.18 to $148,915,200.00.

Highlighted Stocks Traded by Insiders:

Level 3 Communications (LVLT) - FREE Research Report

Miller Charles C Iii who is Director at Level 3 Communications sold 3,000 shares at $28.59 on Oct. 4, 2013. Following this transaction, the Director owned 266,594 shares meaning that the stake was reduced by 1.11% with the 3,000 share transaction.

Storey Jeffrey K who is President and COO at Level 3 Communications sold 4,960 shares at $28.40 on Oct. 4, 2013. Following this transaction, the President and COO owned 380,461 shares meaning that the stake was reduced by 1.29% with the 4,960 share transaction.

Stortz Thomas C who is Executive Vice President & CAO at Level 3 Communications sold 2,900 shares at $28.32 on Oct. 4, 2013. Following this transaction, the Executive Vice President & CAO owned 228,898 shares meaning that the stake was reduced by 1.25% with the 2,900 share transaction.

Patel Sunit S who is Executive VP and CFO at Level 3 Communications sold 2,915 shares at $28.25 on Oct. 4, 2013. Following this transaction, the Executive VP and CFO owned 285,571 shares meaning that the stake was reduced by 1.01% with the 2,915 share transaction.

Mortensen Eric who is SVP, Controller at Level 3 Communications sold 300 shares at $28.54 on Oct. 4, 2013. Following this transaction, the SVP, Controller owned 49,646 shares meaning that the stake was reduced by 0.6% with the 300 share transaction.

Clemins Archie who is Director at Level 3 Communications sold 1,000 shares at $28.39 on Oct. 4, 2013. Following this transaction, the Director owned 43,585 shares meaning that the stake was reduced by 2.24% with the 1,000 share transaction.

Crouch Andrew who is Regional President, North Amer at Level 3 Communications sold 955 shares at $28.54 on Oct. 4, 2013. Following this transaction, the Regional President, North Amer owned 82,831 shares meaning that the stake was reduced by 1.14% with the 955 share transaction.

Ryan John Michael who is Evp, Clo at Level 3 Communications sold 300 shares at $28.52 on Oct. 4, 2013. Following this transaction, the Evp, Clo owned 78,379 shares meaning that the stake was reduced by 0.38% with the 300 share transaction.

Heard James Barton who is Regional President, EMEA at Level 3 Communications sold 1,120 shares at $28.54 on Oct. 4, 2013. Following this transaction, the Regional President, EMEA owned 62,671 shares meaning that the stake was reduced by 1.76% with the 1,120 share transaction.

The shares most recently traded at $27.72, down $0.82, or 2.97% since the insider transaction. Historical insider transactions for Level 3 Communications go as follows:

  • 4-Week # shares sold: 1,000
  • 12-Week # shares sold: 2,000
  • 24-Week # shares sold: 321,373

The average volume for Level 3 Communications has been 1.6 million shares per day over the past 30 days. Level 3 Communications has a market cap of $5.9 billion and is part of the technology sector and telecommunications industry. Shares are up 14.58% year to date as of the close of trading on Friday.

Level 3 Communications, Inc., together with its subsidiaries, operates as a facilities-based provider of a range of integrated communications services primarily in North America, Latin America, and Europe. Currently there are 5 analysts that rate Level 3 Communications a buy, no analysts rate it a sell, and 10 rate it a hold.

Exclusive Offer: Get the latest Stock Analysis on LVLT - FREE

TheStreet Quant Ratings rates Level 3 Communications as a hold. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. Get the full Level 3 Communications Ratings Report from TheStreet Quant Ratings now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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