Rock Point Advisors LLC Has Increased Its Position in Centurylink (CTL) by $3.76 Million

May 25, 2018 - By Migdalia James

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. Victory Cap Mgmt Incorporated accumulated 489,612 shares. Asset Management Of Georgia Incorporated Ga Adv invested 0.26% in CenturyLink, Inc. (NYSE:CTL). Jane Street Gru Inc Ltd Liability holds 554,371 shares or 0.03% of its portfolio. Cambridge Investment Research has 0.02% invested in CenturyLink, Inc. (NYSE:CTL) for 92,029 shares. Louisiana State Employees Retirement Sys reported 58,900 shares. Citigroup stated it has 6.14 million shares. Thrivent For Lutherans holds 0% or 38,979 shares in its portfolio. Peak6 Invs LP reported 26,240 shares or 0% of all its holdings. 1832 Asset Ltd Partnership stated it has 0.06% in CenturyLink, Inc. (NYSE:CTL). Prescott Gp Cap Ltd Liability holds 0.09% of its portfolio in CenturyLink, Inc. (NYSE:CTL) for 24,913 shares. Cibc World has 207,842 shares. Proshare Advisors Llc has invested 0.03% of its portfolio in CenturyLink, Inc. (NYSE:CTL). New Jersey-based Bessemer Grp Incorporated has invested 0% in CenturyLink, Inc. (NYSE:CTL). Metropolitan Life Ins New York, New York-based fund reported 150,377 shares. Quantres Asset Mngmt Limited stated it has 84,300 shares or 0.89% of all its holdings.

Since April 3, 2018, it had 3 buys, and 0 insider sales for $215.87 million activity. 41,000 CenturyLink, Inc. (NYSE:CTL) shares with value of $796,936 were bought by CLONTZ STEVEN T.

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 $9.64 million, 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 $19.98 billion 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: “Tracking Mason Hawkins’ Southeastern Asset Management Portfolio – Q1 2018 Update” on May 25, 2018. Also Seekingalpha.com published the news titled: “CenturyLink: Streamlining A Fat Dividend” on May 16, 2018. Seekingalpha.com‘s news article titled: “CenturyLink -1.2% as Macquarie downgrades to Underperform” with publication date: May 16, 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. The stock of CenturyLink, Inc. (NYSE:CTL) has “Buy” rating given on Wednesday, February 21 by Bank of America. The rating was downgraded by Macquarie Research on Wednesday, May 16 to “Sell”. Cowen & Co maintained the stock with “Hold” rating in Thursday, February 15 report. The stock has “Outperform” rating by RBC Capital Markets on Thursday, January 25. The stock of CenturyLink, Inc. (NYSE:CTL) earned “Equal-Weight” rating by Barclays Capital on Friday, December 15. Goldman Sachs upgraded CenturyLink, Inc. (NYSE:CTL) on Monday, January 8 to “Neutral” rating. The firm earned “Buy” rating on Wednesday, May 16 by Bank of America. Morgan Stanley maintained the stock with “Overweight” rating in Wednesday, December 13 report.

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

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