Mason Hawkins' Longleaf Partners Boosts Stake in 2 Companies
Longleaf Partners Funds is company where famed investor Mason Hawkins (Trades, Portfolio) is chairman and CEO. On Dec. 10, Longleaf added shares to its positions in two stocks, GuruFocus reported: Dreamworks Animation (DWA) and Level 3 Communications (LVLT).
Longleaf increased its holding of Dreamworks Animation by 76.4% and holds 8,548,945 shares after the transaction. The company's shares have declined by about 39% year to date and closed at $21.71 on Wednesday.
Dreamworks is an entertainment company that makes feature films, television programs and live entertainment.
Dreamworks has a market cap of $1.85 billion; its shares were traded at around $21.71 with and P/S ratio of 2.80.
Longleaf's Dreamworks holding history:
Longleaf also boosted its stake in Level 3 Communications 22.1% to 55,478,553 shares in total. Level 3 Communications shares are up 43% to close at $47.53 on Wednesday.
Level 3 is a data, voice, video and managed services company. Level 3 Communications Inc. has a market cap of $15.97 billion; its shares were traded at around $47.53 with a P/E ratio of 43.60 and P/S ratio of 1.80.
Longleaf's holding history with Level 3:
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This article first appeared on GuruFocus.
