Rock Point Advisors LLC Lifted Centurylink (CTL) Position

May 25, 2018 - By Darrin Black

CenturyLink, Inc. (NYSE:CTL) LogoInvestors sentiment increased to 1.99 in 2017 Q4. Its up 1.04, from 0.95 in 2017Q3. It increased, 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. Tudor Invest Corp Et Al stated it has 14,232 shares. Bnp Paribas Arbitrage stated it has 602,449 shares or 0.02% of all its holdings. West Family holds 2.54 million shares or 10.86% of its portfolio. Fukoku Mutual Life owns 3,892 shares or 0.01% of their US portfolio. Kirr Marbach Limited Liability Com In has invested 1.66% in CenturyLink, Inc. (NYSE:CTL). Meiji Yasuda Asset Management Ltd reported 0.03% of its portfolio in CenturyLink, Inc. (NYSE:CTL). Moreover, Geode Capital Mngmt Limited Liability has 0.06% invested in CenturyLink, Inc. (NYSE:CTL) for 10.37 million shares. Morgan Stanley reported 0.09% stake. Delta Asset Ltd Llc Tn owns 520 shares. Farmers And Merchants Investments Inc reported 0.01% stake. 95,150 are owned by Groesbeck Invest Management Nj. Comerica National Bank & Trust owns 251,324 shares or 0.03% of their US portfolio. Benjamin F Edwards Comm has invested 0.01% in CenturyLink, Inc. (NYSE:CTL). Ipg Invest Advsrs Limited Liability Com holds 3,127 shares. Strategy Asset Managers Ltd Llc has 102,664 shares for 0.33% of their portfolio.

Since April 3, 2018, it had 3 buys, and 0 sales for $215.87 million activity. Shares for $796,936 were bought by CLONTZ STEVEN T on Friday, May 11.

Rock Point Advisors Llc increased its stake in Centurylink (CTL) by 68.6% based on its latest 2017Q4 regulatory filing with the SEC. Rock Point Advisors Llc bought 235,058 shares as the company’s stock declined 6.44% with the market. The institutional investor held 577,713 shares of the public utilities company at the end of 2017Q4, valued at $9.64M, up from 342,655 at the end of the previous reported quarter. Rock Point Advisors Llc who had been investing in Centurylink for a number of months, seems to be bullish on the $19.98B market cap company. The stock decreased 2.58% or $0.49 during the last trading session, reaching $18.52. About 16.33 million shares traded or 46.20% up from the average. CenturyLink, Inc. (NYSE:CTL) has declined 28.66% since May 25, 2017 and is downtrending. It has underperformed by 40.21% the S&P500.

More recent CenturyLink, Inc. (NYSE:CTL) news were published by: Seekingalpha.com which released: “CenturyLink: Streamlining A Fat Dividend” on May 16, 2018. Also Seekingalpha.com published the news titled: “CenturyLink -1.2% as Macquarie downgrades to Underperform” on May 16, 2018. Seekingalpha.com‘s news article titled: “Tracking Mason Hawkins’ Southeastern Asset Management Portfolio – Q1 2018 Update” with publication date: May 25, 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. Macquarie Research downgraded it to “Sell” rating and $17.5000 target in Wednesday, May 16 report. The stock has “Equal-Weight” rating by Barclays Capital on Friday, December 15. On Wednesday, February 21 the stock rating was maintained by Bank of America with “Buy”. On Wednesday, May 16 the stock rating was maintained by Bank of America with “Buy”. On Thursday, February 15 the stock rating was maintained by Cowen & Co with “Hold”. On Monday, January 8 the stock rating was upgraded by Goldman Sachs to “Neutral”. Morgan Stanley maintained CenturyLink, Inc. (NYSE:CTL) on Wednesday, December 13 with “Overweight” rating. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, January 25.

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

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