Centurylink INC (CTL) Holder First Foundation Advisors Has Boosted Its Stake by $14.61 Million

May 17, 2018 - By Jimmy Baldridge

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. New York-based Tower Rech Cap Llc (Trc) has invested 0% in CenturyLink, Inc. (NYSE:CTL). Capwealth Advsrs Ltd Com reported 3.9% stake. Moreover, Stephens Inc Ar has 0.18% invested in CenturyLink, Inc. (NYSE:CTL). Bessemer Grp Inc stated it has 6,264 shares or 0% of all its holdings. Commonwealth Of Pennsylvania School Empls Retrmt System holds 87,014 shares or 0.02% of its portfolio. Markston International Ltd Liability holds 0% in CenturyLink, Inc. (NYSE:CTL) or 75 shares. Frontier Investment stated it has 116,640 shares. City Hldgs has 0.04% invested in CenturyLink, Inc. (NYSE:CTL). Washington Trust National Bank has 17,382 shares. Alliancebernstein Limited Partnership accumulated 1.62 million shares or 0.02% of the stock. 906,057 are held by Twin Secs. Manchester Capital Mngmt Limited Liability Corp holds 0% or 1,234 shares in its portfolio. Winch Advisory Limited Co accumulated 78 shares. Claar Advisors Ltd Com reported 350,000 shares. Parametrica Ltd reported 25,265 shares.

Since April 3, 2018, it had 3 insider purchases, and 0 selling transactions for $215.87 million activity. Temasek Holdings (Private) Ltd also bought $87.70 million worth of CenturyLink, Inc. (NYSE:CTL) shares.

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 $20.78B 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 Vereit Inc. by 2.05 million shares to 6.19M shares, valued at $48.22M in 2017Q4, according to the filing. It also reduced its holding in Qualcomm Inc (NASDAQ:QCOM) by 48,587 shares in the quarter, leaving it with 249,774 shares, and cut its stake in Apple Inc (NASDAQ:AAPL).

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. On Friday, December 15 the stock rating was upgraded by Barclays Capital to “Equal-Weight”. The firm has “Hold” rating given on Thursday, February 15 by Cowen & Co. The stock of CenturyLink, Inc. (NYSE:CTL) earned “Outperform” rating by RBC Capital Markets on Thursday, January 25. The rating was maintained by Bank of America with “Buy” on Wednesday, May 16. The firm has “Buy” rating given on Wednesday, February 21 by Bank of America. The firm earned “Overweight” rating on Wednesday, December 13 by Morgan Stanley. The firm has “Sell” rating given on Wednesday, May 16 by Macquarie Research. On Monday, January 8 the stock rating was upgraded by Goldman Sachs to “Neutral”.

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

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