Level 3 Communications (LVLT) Holding Raised by Havens Advisors Llc; Hawk Ridge Management Cut Its Forward Air (FWRD) Stake as Share Price Declined

December 8, 2017 - By Adrian Mccoy

Hawk Ridge Management Llc decreased its stake in Forward Air Corp (FWRD) by 3.23% based on its latest 2017Q2 regulatory filing with the SEC. Hawk Ridge Management Llc sold 9,505 shares as the company’s stock declined 0.76% while stock markets rallied. The institutional investor held 284,586 shares of the oil refining and marketing company at the end of 2017Q2, valued at $15.16 million, down from 294,091 at the end of the previous reported quarter. Hawk Ridge Management Llc who had been investing in Forward Air Corp for a number of months, seems to be less bullish one the $1.74 billion market cap company. The stock increased 1.43% or $0.82 during the last trading session, reaching $58.32. About 234,879 shares traded or 69.04% up from the average. Forward Air Corporation (NASDAQ:FWRD) has risen 16.39% since December 8, 2016 and is uptrending. It has underperformed by 0.31% the S&P500.

Nancy Havens increased its stake in Level 3 Communications Inc (LVLT) by 347.49% based on its latest 2017Q2 regulatory filing with the SEC. Havens Advisors Llc bought 114,927 shares as the company’s stock rose 3.98% with the market. The hedge fund run by Nancy Havens held 148,000 shares of the public utilities company at the end of 2017Q2, valued at $8.78M, up from 33,073 at the end of the previous reported quarter. Havens Advisors Llc who had been investing in Level 3 Communications Inc for a number of months, seems to be bullish on the $19.45B market cap company. It closed at $53.63 lastly. It is down 15.09% since December 8, 2016 and is uptrending. It has underperformed by 1.61% the S&P500.

Hawk Ridge Management Llc, which manages about $252.85 million US Long portfolio, upped its stake in G (NASDAQ:GIII) by 406,000 shares to 497,000 shares, valued at $12.40M in 2017Q2, according to the filing. It also increased its holding in Caesarstone Ltd (NASDAQ:CSTE) by 61,000 shares in the quarter, for a total of 224,400 shares, and has risen its stake in Quality Care Pptys Inc.

Analysts await Forward Air Corporation (NASDAQ:FWRD) to report earnings on February, 14. They expect $0.62 earnings per share, up 6.90% or $0.04 from last year’s $0.58 per share. FWRD’s profit will be $18.46 million for 23.52 P/E if the $0.62 EPS becomes a reality. After $0.60 actual earnings per share reported by Forward Air Corporation for the previous quarter, Wall Street now forecasts 3.33% EPS growth.

Among 8 analysts covering Forward Air (NASDAQ:FWRD), 1 have Buy rating, 0 Sell and 7 Hold. Therefore 13% are positive. Forward Air had 24 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Hold” rating by Cowen & Co given on Monday, October 16. The stock of Forward Air Corporation (NASDAQ:FWRD) earned “Outperform” rating by RBC Capital Markets on Tuesday, May 24. As per Tuesday, September 20, the company rating was maintained by Cowen & Co. The rating was maintained by KeyBanc Capital Markets with “Hold” on Tuesday, September 19. The rating was maintained by Cowen & Co with “Hold” on Monday, September 11. The firm has “Market Perform” rating by Cowen & Co given on Friday, October 23. The stock of Forward Air Corporation (NASDAQ:FWRD) has “Hold” rating given on Thursday, September 14 by Robert W. Baird. The rating was maintained by RBC Capital Markets with “Sector Perform” on Thursday, February 11. Cowen & Co maintained the stock with “Hold” rating in Wednesday, August 9 report. Cowen & Co maintained Forward Air Corporation (NASDAQ:FWRD) rating on Friday, October 21. Cowen & Co has “Market Perform” rating and $45 target.

Since June 8, 2017, it had 0 buys, and 1 insider sale for $160,740 activity.

Investors sentiment increased to 1.3 in 2017 Q2. Its up 0.15, from 1.15 in 2017Q1. It is positive, as 14 investors sold FWRD shares while 50 reduced holdings. 26 funds opened positions while 57 raised stakes. 28.87 million shares or 1.92% less from 29.43 million shares in 2017Q1 were reported. Prudential Finance has invested 0% of its portfolio in Forward Air Corporation (NASDAQ:FWRD). 2.07M were reported by Arrowmark Colorado Holding Ltd Llc. State Board Of Administration Of Florida Retirement System reported 23,003 shares stake. Boothbay Fund Mngmt Ltd has 0.09% invested in Forward Air Corporation (NASDAQ:FWRD) for 8,237 shares. State Street Corp reported 785,118 shares stake. Vulcan Value Prtn Llc accumulated 1.06M shares or 0.5% of the stock. Credit Suisse Ag, a Switzerland-based fund reported 28,376 shares. Riverhead Management Ltd Liability Com has invested 0.01% in Forward Air Corporation (NASDAQ:FWRD). Ls Investment Ltd has invested 0% in Forward Air Corporation (NASDAQ:FWRD). Daruma Cap Mgmt Limited Company holds 258,442 shares. River Road Asset Management Ltd Com has 429,885 shares for 0.44% of their portfolio. Huntington Bank has 0% invested in Forward Air Corporation (NASDAQ:FWRD). Ameritas Invest Prns holds 0.01% of its portfolio in Forward Air Corporation (NASDAQ:FWRD) for 2,636 shares. Massachusetts-based Rhumbline Advisers has invested 0.01% in Forward Air Corporation (NASDAQ:FWRD). Swiss National Bank & Trust holds 0% of its portfolio in Forward Air Corporation (NASDAQ:FWRD) for 49,800 shares.

Among 18 analysts covering Level 3 (NYSE:LVLT), 5 have Buy rating, 1 Sell and 12 Hold. Therefore 28% are positive. Level 3 has $66.50 highest and $50 lowest target. $59.17’s average target is 10.33% above currents $53.63 stock price. Level 3 had 33 analyst reports since July 30, 2015 according to SRatingsIntel. On Tuesday, November 1 the stock rating was downgraded by Goldman Sachs to “Neutral”. The company was upgraded on Thursday, February 11 by Morgan Stanley. The rating was downgraded by Cowen & Co on Tuesday, November 1 to “Market Perform”. On Tuesday, December 13 the stock rating was initiated by Suntrust Robinson with “Hold”. RBC Capital Markets maintained Level 3 Communications, Inc. (NYSE:LVLT) rating on Friday, July 7. RBC Capital Markets has “Hold” rating and $6100 target. As per Friday, October 28, the company rating was upgraded by Oppenheimer. Morgan Stanley reinitiated Level 3 Communications, Inc. (NYSE:LVLT) on Wednesday, March 29 with “Equal-Weight” rating. RBC Capital Markets maintained Level 3 Communications, Inc. (NYSE:LVLT) rating on Sunday, September 17. RBC Capital Markets has “Hold” rating and $61.0 target. The stock of Level 3 Communications, Inc. (NYSE:LVLT) earned “Outperform” rating by William Blair on Tuesday, April 19. The stock of Level 3 Communications, Inc. (NYSE:LVLT) has “Buy” rating given on Friday, October 14 by Goldman Sachs.

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