Livingston Group Asset Management Southport Capital Management Holds Position in Blackrock LTD Duration Tr Com Shs (BLW); As Centurylink (CTL) Stock Value Declined, Shareholder Old Point Trust & Financial Services N A Has Cut by $363,456 Its Stake

April 16, 2018 - By Winifred Garcia

CenturyLink, Inc. (NYSE:CTL) Logo

Old Point Trust & Financial Services N A decreased its stake in Centurylink Inc (CTL) by 24.82% based on its latest 2017Q4 regulatory filing with the SEC. Old Point Trust & Financial Services N A sold 22,716 shares as the company’s stock declined 6.44% with the market. The institutional investor held 68,796 shares of the public utilities company at the end of 2017Q4, valued at $1.15 million, down from 91,512 at the end of the previous reported quarter. Old Point Trust & Financial Services N A who had been investing in Centurylink Inc for a number of months, seems to be less bullish one the $18.67 billion market cap company. The stock increased 1.47% or $0.2499 during the last trading session, reaching $17.2999. About 2.27M shares traded. CenturyLink, Inc. (NYSE:CTL) has declined 28.66% since April 16, 2017 and is downtrending. It has underperformed by 40.21% the S&P500.

Livingston Group Asset Management Southport Capital Management increased its stake in Blackrock Ltd Duration Inc Tr Com Shs (BLW) by 29.07% based on its latest 2017Q4 regulatory filing with the SEC. Livingston Group Asset Management Southport Capital Management bought 22,308 shares as the company’s stock declined 5.30% with the market. The institutional investor held 99,054 shares of the major banks company at the end of 2017Q4, valued at $1.57 million, up from 76,746 at the end of the previous reported quarter. Livingston Group Asset Management Southport Capital Management who had been investing in Blackrock Ltd Duration Inc Tr Com Shs for a number of months, seems to be bullish on the $558.20 million market cap company. The stock increased 0.23% or $0.035 during the last trading session, reaching $15.085. About 20,376 shares traded. BlackRock Limited Duration Income Trust (NYSE:BLW) has declined 2.40% since April 16, 2017 and is downtrending. It has underperformed by 13.95% the S&P500.

Old Point Trust & Financial Services N A, which manages about $184.93M US Long portfolio, upped its stake in Kinder Morgan Inc (NYSE:KMI) by 20,600 shares to 154,250 shares, valued at $2.79 million in 2017Q4, according to the filing.

Investors sentiment increased to 1.99 in Q4 2017. 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. Affinity Invest Advsr Ltd Liability Com reported 26,310 shares. Omni Prns Llp has 0.06% invested in CenturyLink, Inc. (NYSE:CTL). Rudman Errol M accumulated 364,841 shares or 2.95% of the stock. Adage Partners Group Ltd Liability Corp holds 0.05% of its portfolio in CenturyLink, Inc. (NYSE:CTL) for 1.37M shares. 23,000 were accumulated by M Hldg Securities. 2,173 are held by Tower Research Capital Ltd (Trc). Kbc Group Nv holds 0.05% of its portfolio in CenturyLink, Inc. (NYSE:CTL) for 330,786 shares. Parallax Volatility Advisers Lp owns 303,719 shares for 0.01% of their portfolio. Jnba Advisors holds 262 shares. Moreover, Utd Cap Advisers Lc has 0% invested in CenturyLink, Inc. (NYSE:CTL). Delaware-based Tiverton Asset Management Limited Com has invested 0.04% in CenturyLink, Inc. (NYSE:CTL). Moreover, Old Mutual Customised Solutions (Proprietary) Ltd has 0.12% invested in CenturyLink, Inc. (NYSE:CTL) for 73,182 shares. Financial Mngmt Professionals stated it has 47 shares. Bb&T Corp holds 12,746 shares. Adell Harriman & Carpenter invested 0.19% of its portfolio in CenturyLink, Inc. (NYSE:CTL).

Analysts await CenturyLink, Inc. (NYSE:CTL) to report earnings on May, 2. They expect $0.17 earnings per share, down 67.31% or $0.35 from last year’s $0.52 per share. CTL’s profit will be $183.41 million for 25.44 P/E if the $0.17 EPS becomes a reality. After $0.18 actual earnings per share reported by CenturyLink, Inc. for the previous quarter, Wall Street now forecasts -5.56% negative EPS growth.

Since April 3, 2018, it had 2 insider buys, and 0 selling transactions for $215.07 million activity.

Among 23 analysts covering Centurylink Inc. (NYSE:CTL), 7 have Buy rating, 1 Sell and 15 Hold. Therefore 30% are positive. Centurylink Inc. had 60 analyst reports since July 31, 2015 according to SRatingsIntel. SunTrust maintained it with “Hold” rating and $19.0 target in Thursday, November 9 report. Oppenheimer upgraded the shares of CTL in report on Tuesday, November 8 to “Outperform” rating. The firm has “Outperform” rating by Oppenheimer given on Friday, November 10. The rating was initiated by SunTrust on Tuesday, December 13 with “Hold”. The company was maintained on Thursday, November 9 by Jefferies. Deutsche Bank maintained CenturyLink, Inc. (NYSE:CTL) on Tuesday, October 10 with “Hold” rating. Cowen & Co initiated the stock with “Market Perform” rating in Tuesday, October 13 report. The company was upgraded on Thursday, January 25 by RBC Capital Markets. Jefferies maintained CenturyLink, Inc. (NYSE:CTL) on Tuesday, October 3 with “Hold” rating. The firm has “Overweight” rating given on Tuesday, January 3 by JP Morgan.

Livingston Group Asset Management Southport Capital Management, which manages about $220.76 million and $263.03M US Long portfolio, decreased its stake in Occidental Pete Corp Del Com (NYSE:OXY) by 11,945 shares to 27,208 shares, valued at $2.00 million in 2017Q4, according to the filing. It also reduced its holding in Anthem Inc Com (NYSE:ANTM) by 10,650 shares in the quarter, leaving it with 2,387 shares, and cut its stake in Qualcomm Inc Com (NASDAQ:QCOM).

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

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