Corvex Management LP Adjusts Its Position in Centurylink (CTL)

Paola Ditto
Novembre 17, 2017

(NYSE:CTL) traded down $0.03 during midday trading on Friday, hitting $14.75. Patriot Financial Group Insurance Agency LLC now owns 6,684 shares of the technology company's stock worth $134,000 after acquiring an additional 4,285 shares during the last quarter. (CTL) most recent 13F filing, the company has 68 new institutional holders - accounting for 21.59 million shares of its common stock. 236,766 shares or 0.16% less from 237,148 shares in 2017Q1 were reported. About 10.94M shares traded. Viking Therapeutics Inc (NASDAQ:VKTX) has risen 5.04% since November 16, 2016 and is uptrending. CenturyLink, Inc., formerly known as CenturyTel, Inc., is headquartered in Monroe, Louisiana. (CTL) by 367.77% based on its latest 2017Q2 regulatory filing with the SEC. Creative Planning increased its holdings in shares of CenturyLink by 15.5% in the second quarter. The most current P/E ratio is 25.47 and market cap is 15.79B. The stock exchanged hands 20.72 Million shares versus average trading capacity of 12.97 Million shares. (NYSE:CTL). The name now has a score of 11.00000. It has underperformed by 24.32% the S&P500.

Investors sentiment decreased to 2 in Q2 2017. Its down 0.22, from 1.3 in 2017Q1. Of those transactions, there were 5.63 million shares of CTL bought and 663,522 shares sold. 81 funds opened positions while 191 raised stakes. There were 94 sold out positions, amounting to 24.83 million shares. Kennedy Capital Mngmt Incorporated invested in 15,562 shares. Centurylink Inc (NYSE:CTL) has declined 7.62% since November 16, 2016 and is downtrending. 168,462 were reported by Stratos Wealth Prtn. The legal version of this news story can be viewed at https://www.truebluetribune.com/2017/11/17/bank-of-new-york-mellon-corp-has-300-71-million-holdings-in-centurylink-inc-ctl.html. State Street Corp now owns 30,864,205 shares of the company's stock worth $733,950,000 after buying an additional 271,764 shares in the last quarter. Its up 27.98% from 1.00M shares previously. Jolley Asset Management Llc acquired 14,050 shares as Centurylink Inc.

Looking ahead at valuations, according to the consensus, the next fiscal year is forecast to bring about 1.11 in total earnings per share. M&T Comml Bank Corporation owns 54,660 shares for 0.01% of their portfolio.

SMA CrossTechnical traders and investors may be looking at the simple moving average 50/200 cross on shares of CenturyLink, Inc. Aperio Grp Limited Liability owns 403,132 shares. Endurance Wealth Management Inc. raised its position in CenturyLink by 18.5% during the second quarter. (NYSE:UNH) by 2,500 shares in the quarter, leaving it with 103,579 shares, and cut its stake in The Travelers Companies Inc. The value of the total investment in Centurylink went from $26,954,000 to $21,190,000 decreasing 21.4% for the reporting period. Moreover, Fincl Bank Of America De has 0% invested in Auburn National Bancorporation Inc (NASDAQ:AUBN) for 600 shares.

Investors are feeling more bearish on shares of the company recently if you take note of the uptick in short interest.

Insider Trading Activity for CenturyLink, Inc. Finally, Zacks Investment Research lowered CenturyLink from a "hold" rating to a "strong sell" rating in a research report on Friday, August 25th. Therefore 100% are positive. As per Tuesday, September 22, the company rating was initiated by RBC Capital Markets. Centurylink Inc. had 52 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has "Buy" rating given on Thursday, April 7 by H.C. Wainwright. The company now has a consensus rating of "Hold" and a consensus price target of $23.07. Wells Fargo Mn has 301 shares.

Oppenheimer Holdings lowered the price target on November 10 cutting the projection from $28.00 to $20.00 and stated a "Outperform" rating. ValuEngine upgraded shares of CenturyLink from a "hold" rating to a "buy" rating in a research report on Friday, August 18th. Vetr downgraded CenturyLink from a "strong-buy" rating to a "buy" rating and set a $26.40 target price for the company.in a research report on Monday.

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