Corvex Management LP Increases Position in Centurylink INC (Call) (CTL)

June 17, 2018 - By Ash

CenturyLink, Inc. (NYSE:CTL) LogoInvestors sentiment decreased to 0.98 in 2018 Q1. Its down 1.01, from 1.99 in 2017Q4. It dived, as 63 investors sold CTL shares while 193 reduced holdings. 74 funds opened positions while 178 raised stakes. 821.46 million shares or 7.57% less from 888.76 million shares in 2017Q4 were reported. Pinnacle reported 195,380 shares. 2.28M are held by Deutsche State Bank Ag. Eqis has 0.01% invested in CenturyLink, Inc. (NYSE:CTL) for 13,877 shares. Southeast Asset Advsr invested in 811,785 shares. Bartlett Co Limited Co invested in 0% or 67 shares. Moreover, Cls Invests Ltd Liability Corp has 0% invested in CenturyLink, Inc. (NYSE:CTL) for 162 shares. Ny State Common Retirement Fund has invested 0.04% in CenturyLink, Inc. (NYSE:CTL). Moreover, Perigon Wealth Limited Liability has 0% invested in CenturyLink, Inc. (NYSE:CTL) for 2 shares. Clark Estates Incorporated stated it has 1.38 million shares. Capstone Advsrs Inc holds 0.17% of its portfolio in CenturyLink, Inc. (NYSE:CTL) for 31,712 shares. Southeastern Asset Mngmt Inc Tn holds 71.56 million shares or 14.39% of its portfolio. Mhr Fund Management, a New York-based fund reported 250,000 shares. Mason Street Advisors Limited Liability reported 0.05% in CenturyLink, Inc. (NYSE:CTL). The Colorado-based Bruni J V And Communication Communication has invested 2.85% in CenturyLink, Inc. (NYSE:CTL). S Muoio Ltd Liability has invested 0.99% in CenturyLink, Inc. (NYSE:CTL).

Since April 3, 2018, it had 3 insider purchases, and 0 insider sales for $215.87 million activity. $796,936 worth of CenturyLink, Inc. (NYSE:CTL) shares were bought by CLONTZ STEVEN T.

Keith Meister increased its stake in Centurylink Inc (Call) (CTL) by 25% based on its latest 2018Q1 regulatory filing with the SEC. Corvex Management Lp bought 1.50M shares as the company’s stock declined 1.25% with the market. The hedge fund run by Keith Meister held 7.50M shares of the public utilities company at the end of 2018Q1, valued at $123.23 million, up from 6.00 million at the end of the previous reported quarter. Corvex Management Lp who had been investing in Centurylink Inc (Call) for a number of months, seems to be bullish on the $19.44B market cap company. The stock increased 0.06% or $0.01 during the last trading session, reaching $18.02. About 13.09M shares traded or 21.97% up from the average. CenturyLink, Inc. (NYSE:CTL) has declined 27.08% since June 17, 2017 and is downtrending. It has underperformed by 39.65% the S&P500.

Corvex Management Lp, which manages about $8.18B and $2.21B US Long portfolio, decreased its stake in Time Warner Inc (NYSE:TWX) by 89,798 shares to 427,802 shares, valued at $40.46M in 2018Q1, according to the filing. It also reduced its holding in Alphabet Inc by 57,806 shares in the quarter, leaving it with 101,958 shares, and cut its stake in Bank Amer Corp (NYSE:BAC).

More recent CenturyLink, Inc. (NYSE:CTL) news were published by: Fool.com which released: “CenturyLink Bears Have It Wrong” on June 09, 2018. Also Fool.com published the news titled: “2 Hated Dividend Stocks to Buy Now” on June 14, 2018. Seekingalpha.com‘s news article titled: “CenturyLink’s Vyvx supplying feeds for World Cup” with publication date: June 04, 2018 was also an interesting one.

CenturyLink, Inc. (NYSE:CTL) Ratings Coverage

Among 6 analysts covering CenturyLink (NYSE:CTL), 2 have Buy rating, 1 Sell and 3 Hold. Therefore 33% are positive. CenturyLink had 7 analyst reports since January 8, 2018 according to SRatingsIntel. The rating was maintained by Cowen & Co on Thursday, February 15 with “Hold”. RBC Capital Markets upgraded the shares of CTL in report on Thursday, January 25 to “Outperform” rating. Goldman Sachs upgraded the shares of CTL in report on Monday, January 8 to “Neutral” rating. Macquarie Research downgraded it to “Sell” rating and $17.5000 target in Wednesday, May 16 report. Bank of America maintained the shares of CTL in report on Wednesday, February 21 with “Buy” rating. Bank of America maintained the stock with “Buy” rating in Wednesday, May 16 report.

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

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