Basswood Capital Management Has Upped By $458,424 Its Seacoast Bkg Fla (SBCF) Holding; Last Week Level 3 Communications, Inc. (LVLT) Coverage

October 12, 2017 - By wolcottdaily

Basswood Capital Management Llc increased Seacoast Bkg Corp Fla (SBCF) stake by 0.91% reported in 2017Q2 SEC filing. Basswood Capital Management Llc acquired 19,101 shares as Seacoast Bkg Corp Fla (SBCF)’s stock declined 2.78%. The Basswood Capital Management Llc holds 2.11M shares with $50.91M value, up from 2.09 million last quarter. Seacoast Bkg Corp Fla now has $1.06 billion valuation. The stock decreased 0.08% or $0.02 during the last trading session, reaching $24.43. About shares traded. Seacoast Banking Corporation of Florida (NASDAQ:SBCF) has risen 38.63% since October 12, 2016 and is uptrending. It has outperformed by 21.93% the S&P500.

Among 18 analysts covering Level 3 (NYSE:LVLT), 5 have Buy rating, 1 Sell and 12 Hold. Therefore 28% are positive. Level 3 had 33 analyst reports since July 30, 2015 according to SRatingsIntel. On Tuesday, December 13 the stock rating was initiated by Suntrust Robinson with “Hold”. Goldman Sachs maintained the stock with “Buy” rating in Friday, October 14 report. The firm has “Hold” rating given on Thursday, May 25 by RBC Capital Markets. As per Tuesday, November 1, the company rating was downgraded by Cowen & Co. The stock has “Outperform” rating by Oppenheimer on Friday, October 28. The stock of Level 3 Communications, Inc. (NYSE:LVLT) earned “Overweight” rating by Morgan Stanley on Thursday, February 11. As per Tuesday, October 18, the company rating was initiated by Barclays Capital. The stock of Level 3 Communications, Inc. (NYSE:LVLT) earned “Neutral” rating by Goldman Sachs on Tuesday, November 1. On Thursday, July 30 the stock rating was maintained by Canaccord Genuity with “Buy”. Barclays Capital maintained Level 3 Communications, Inc. (NYSE:LVLT) rating on Wednesday, October 4. Barclays Capital has “Equal-Weight” rating and $53 target. See Level 3 Communications, Inc. (NYSE:LVLT) latest ratings:

04/10/2017 Broker: Barclays Capital Rating: Equal-Weight Old Target: $59 New Target: $53 Maintain
17/09/2017 Broker: RBC Capital Markets Rating: Hold New Target: $61.0 Maintain
14/07/2017 Broker: Barclays Capital Rating: Hold New Target: $59.0000
07/07/2017 Broker: RBC Capital Markets Rating: Hold New Target: $61.0000 Maintain
25/05/2017 Broker: RBC Capital Markets Rating: Hold New Target: $61.0000 Maintain
15/05/2017 Broker: Raymond James Old Rating: Market Perform New Rating: Underperform Downgrade
05/05/2017 Broker: Jefferies Rating: Hold Old Target: $64.00 New Target: $59.00 Target Down

Investors sentiment decreased to 0.99 in 2017 Q2. Its down 0.10, from 1.09 in 2017Q1. It fall, as 32 investors sold Level 3 Communications, Inc. shares while 149 reduced holdings. 41 funds opened positions while 138 raised stakes. 349.71 million shares or 2.43% less from 358.41 million shares in 2017Q1 were reported. State Board Of Administration Of Florida Retirement System owns 0.07% invested in Level 3 Communications, Inc. (NYSE:LVLT) for 432,801 shares. Whittier Of Nevada Inc holds 0.01% or 2,226 shares. Parkside Bank Trust accumulated 812 shares. Natixis holds 1.25% in Level 3 Communications, Inc. (NYSE:LVLT) or 1.86 million shares. Vanguard Gru Incorporated holds 0.09% or 29.18 million shares. Cwm Limited Liability stated it has 0.01% in Level 3 Communications, Inc. (NYSE:LVLT). Apg Asset Management Nv owns 0.03% invested in Level 3 Communications, Inc. (NYSE:LVLT) for 286,724 shares. Pnc Fincl Service Group Inc has invested 0% in Level 3 Communications, Inc. (NYSE:LVLT). Bnp Paribas Asset Mgmt Holdg has invested 0.02% in Level 3 Communications, Inc. (NYSE:LVLT). First National Bank Of Omaha owns 25,522 shares for 0.09% of their portfolio. Mutual Of America Capital Mngmt Limited Co accumulated 38,714 shares. 90,400 are owned by Gamco Incorporated Et Al. State Of Wisconsin Board, Wisconsin-based fund reported 561,019 shares. 5.20 million are held by Goldman Sachs Grp Inc Inc. Glazer Ltd Liability reported 1.57M shares.

The stock decreased 0.16% or $0.09 during the last trading session, reaching $55.39. About shares traded. Level 3 Communications, Inc. (NYSE:LVLT) has risen 15.09% since October 12, 2016 and is uptrending. It has underperformed by 1.61% the S&P500.

Level 3 Communications, Inc. is a provider of a range of integrated communications services. The company has market cap of $20.09 billion. The Company’s operating divisions include North America, EMEA and Latin America. It has a 31.34 P/E ratio. The North America includes activities in Atlanta, Georgia; Littleton, Colorado; Miami, Florida; Montreal, Canada; New York, New York; Phoenix, Arizona; Pittsburgh, Pennsylvania; Southfield, Michigan, and Tulsa, Oklahoma.

Investors sentiment increased to 2.17 in Q2 2017. Its up 0.38, from 1.79 in 2017Q1. It is positive, as 9 investors sold SBCF shares while 27 reduced holdings. 25 funds opened positions while 53 raised stakes. 32.28 million shares or 7.38% more from 30.06 million shares in 2017Q1 were reported. Moreover, Lord Abbett & Communications Ltd Company has 0.07% invested in Seacoast Banking Corporation of Florida (NASDAQ:SBCF). Zurcher Kantonalbank (Zurich Cantonalbank) invested in 0% or 1,123 shares. Connecticut-based Aqr Cap Limited Liability has invested 0% in Seacoast Banking Corporation of Florida (NASDAQ:SBCF). The New York-based Qs Investors Ltd has invested 0.01% in Seacoast Banking Corporation of Florida (NASDAQ:SBCF). Piermont Capital Mgmt accumulated 69,530 shares. Fj Mgmt Ltd Company owns 609,800 shares. Moreover, Geneva Advsrs Lc has 0% invested in Seacoast Banking Corporation of Florida (NASDAQ:SBCF) for 10,000 shares. Hbk Invs Limited Partnership accumulated 56,261 shares. Wellington Mgmt Grp Ltd Liability Partnership invested 0.01% of its portfolio in Seacoast Banking Corporation of Florida (NASDAQ:SBCF). Commonwealth Equity Svcs holds 0% of its portfolio in Seacoast Banking Corporation of Florida (NASDAQ:SBCF) for 9,467 shares. First Quadrant Lp Ca accumulated 3,160 shares. Driehaus Mngmt Lc has invested 0.27% in Seacoast Banking Corporation of Florida (NASDAQ:SBCF). Voya Mngmt Limited Liability Com accumulated 728,299 shares. Moreover, Century Cap Mngmt Limited Liability Corp has 0.31% invested in Seacoast Banking Corporation of Florida (NASDAQ:SBCF). Dimensional Fund Advsr Ltd Partnership reported 1.32M shares stake.

Since May 30, 2017, it had 0 insider buys, and 1 sale for $67,650 activity. Shares for $67,650 were sold by Goldman Roger.

Among 8 analysts covering Seacoast Banking Co. of Florida (NASDAQ:SBCF), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Seacoast Banking Co. of Florida had 14 analyst reports since August 12, 2015 according to SRatingsIntel. As per Monday, April 11, the company rating was initiated by SunTrust. The stock has “Outperform” rating by Keefe Bruyette & Woods on Thursday, September 1. The firm has “Outperform” rating given on Wednesday, November 30 by Raymond James. The stock of Seacoast Banking Corporation of Florida (NASDAQ:SBCF) earned “Buy” rating by SunTrust on Monday, February 13. The company was downgraded on Wednesday, August 19 by Zacks. The company was upgraded on Tuesday, March 29 by FBR Capital. The stock of Seacoast Banking Corporation of Florida (NASDAQ:SBCF) has “Market Perform” rating given on Tuesday, September 6 by Hovde Group. The stock of Seacoast Banking Corporation of Florida (NASDAQ:SBCF) earned “Market Perform” rating by Wood on Friday, August 28. The stock of Seacoast Banking Corporation of Florida (NASDAQ:SBCF) has “Sell” rating given on Thursday, August 27 by Zacks. The stock has “Sell” rating by Zacks on Wednesday, August 12.

Basswood Capital Management Llc decreased Triumph Bancorp Inc stake by 812,414 shares to 10,331 valued at $254,000 in 2017Q2. It also reduced Dana Incorporated (NYSE:DAN) stake by 30,265 shares and now owns 226,250 shares. Huntington Bancshares Inc (NASDAQ:HBAN) was reduced too.

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