Centurylink INC (CTL) Valuation Declined While First Foundation Advisors Upped Holding by $14.61 Million

May 17, 2018 - By Rita Stryker

CenturyLink, Inc. (NYSE:CTL) LogoInvestors sentiment increased to 1.99 in Q4 2017. Its up 1.04, from 0.95 in 2017Q3. It is positive, as 78 investors sold CTL shares while 110 reduced holdings. 118 funds opened positions while 256 raised stakes. 888.76 million shares or 103.84% more from 436.00 million shares in 2017Q3 were reported. Lsv Asset Management accumulated 0.01% or 541,690 shares. Capital Research Global Invsts holds 0.13% or 26.75M shares in its portfolio. Conning owns 19,632 shares or 0.01% of their US portfolio. 45,800 are held by Lingohr Partner Asset Management Gmbh. Chem Bank invested in 12,504 shares or 0.02% of the stock. Singapore Telemedia Pte Ltd, Singapore-based fund reported 92.90 million shares. Cove Street Cap Ltd has invested 1.16% in CenturyLink, Inc. (NYSE:CTL). Legal & General Grp Inc Plc has invested 0.08% in CenturyLink, Inc. (NYSE:CTL). 251,657 were reported by State Of Tennessee Treasury Department. West Family Invests stated it has 10.86% of its portfolio in CenturyLink, Inc. (NYSE:CTL). Metropolitan Life Ins Ny owns 150,377 shares for 0.03% of their portfolio. Maplelane Cap Limited Liability holds 0.07% in CenturyLink, Inc. (NYSE:CTL) or 200,001 shares. Dimensional Fund Advsr LP stated it has 12.77M shares or 0.09% of all its holdings. Sg Americas Securities Limited Liability Co owns 412,635 shares for 0.06% of their portfolio. Bruni J V & reported 548,488 shares stake.

Since April 3, 2018, it had 3 insider purchases, and 0 selling transactions for $215.87 million activity. CLONTZ STEVEN T had bought 41,000 shares worth $796,936.

First Foundation Advisors increased its stake in Centurylink Inc (CTL) by 445.58% based on its latest 2017Q4 regulatory filing with the SEC. First Foundation Advisors bought 913,000 shares as the company’s stock declined 6.44% with the market. The hedge fund held 1.12M shares of the public utilities company at the end of 2017Q4, valued at $18.65 million, up from 204,900 at the end of the previous reported quarter. First Foundation Advisors who had been investing in Centurylink Inc for a number of months, seems to be bullish on the $20.78 billion market cap company. It closed at $19.26 lastly. It is down 28.66% since May 17, 2017 and is downtrending. It has underperformed by 40.21% the S&P500.

First Foundation Advisors, which manages about $3.20B and $1.85B US Long portfolio, decreased its stake in Qualcomm Inc (NASDAQ:QCOM) by 48,587 shares to 249,774 shares, valued at $15.99M in 2017Q4, according to the filing. It also reduced its holding in Allergan Plc by 81,415 shares in the quarter, leaving it with 129,248 shares, and cut its stake in Las Vegas Sands Corp (NYSE:LVS).

More recent CenturyLink, Inc. (NYSE:CTL) news were published by: Seekingalpha.com which released: “CenturyLink -1.2% as Macquarie downgrades to Underperform” on May 16, 2018. Also Seekingalpha.com published the news titled: “CenturyLink: Streamlining A Fat Dividend” on May 16, 2018. Seekingalpha.com‘s news article titled: “Pair Trade: Arbitrage Opportunity In CenturyLink’s Debt” with publication date: May 10, 2018 was also an interesting one.

CenturyLink, Inc. (NYSE:CTL) Ratings Coverage

Among 8 analysts covering CenturyLink (NYSE:CTL), 3 have Buy rating, 1 Sell and 4 Hold. Therefore 38% are positive. CenturyLink had 9 analyst reports since December 13, 2017 according to SRatingsIntel. Goldman Sachs upgraded CenturyLink, Inc. (NYSE:CTL) on Monday, January 8 to “Neutral” rating. Morgan Stanley maintained the shares of CTL in report on Wednesday, December 13 with “Overweight” rating. Bank of America maintained the shares of CTL in report on Wednesday, February 21 with “Buy” rating. The rating was maintained by Bank of America on Wednesday, May 16 with “Buy”. Cowen & Co maintained the stock with “Hold” rating in Thursday, February 15 report. As per Thursday, January 25, the company rating was upgraded by RBC Capital Markets. The firm has “Sell” rating by Macquarie Research given on Wednesday, May 16. The stock of CenturyLink, Inc. (NYSE:CTL) earned “Equal-Weight” rating by Barclays Capital on Friday, December 15.

CenturyLink, Inc. (NYSE:CTL) Institutional Positions Chart

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