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, Financial) and Level 3 Communications (LVLT, Financial).
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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