Kentucky Retirement Systems Upped Centurylink (CTL) Position by $420,656; Mariner Investment Group Boosted Voya Prime Rate Tr (PPR) Position

April 17, 2018 - By Lawrence Diaz

CenturyLink, Inc. (NYSE:CTL) Logo

William Michaelcheck increased its stake in Voya Prime Rate Tr (PPR) by 597.49% based on its latest 2017Q4 regulatory filing with the SEC. Mariner Investment Group Llc bought 89,624 shares as the company’s stock rose 2.17% while stock markets declined. The hedge fund run by William Michaelcheck held 104,624 shares of the company at the end of 2017Q4, valued at $530,000, up from 15,000 at the end of the previous reported quarter. Mariner Investment Group Llc who had been investing in Voya Prime Rate Tr for a number of months, seems to be bullish on the $763.07M market cap company. The stock 0.06% or $0 during the last trading session, reaching $5.16. It is down 5.12% since April 17, 2017 and is downtrending. It has underperformed by 16.67% the S&P500.

Kentucky Retirement Systems increased its stake in Centurylink Inc (CTL) by 78.02% based on its latest 2017Q4 regulatory filing with the SEC. Kentucky Retirement Systems bought 26,291 shares as the company’s stock declined 6.44% with the market. The institutional investor held 59,989 shares of the public utilities company at the end of 2017Q4, valued at $1.00M, up from 33,698 at the end of the previous reported quarter. Kentucky Retirement Systems who had been investing in Centurylink Inc for a number of months, seems to be bullish on the $18.86B market cap company. The stock increased 1.56% or $0.27 during the last trading session, reaching $17.63. About 3.56 million shares traded. CenturyLink, Inc. (NYSE:CTL) has declined 28.66% since April 17, 2017 and is downtrending. It has underperformed by 40.21% the S&P500.

Mariner Investment Group Llc, which manages about $28.99 billion and $239.01M US Long portfolio, decreased its stake in Dominion Energy Midstrm Prtn (NYSE:DM) by 11,246 shares to 8,847 shares, valued at $269,000 in 2017Q4, according to the filing. It also reduced its holding in Eqt Midstream Partners Lp (NYSE:EQM) by 6,806 shares in the quarter, leaving it with 175,384 shares, and cut its stake in Cornerstone Total Rtrn Fd In (CRF).

Investors sentiment decreased to 1.22 in Q4 2017. Its down 0.30, from 1.52 in 2017Q3. It dived, as 11 investors sold PPR shares while 21 reduced holdings. 21 funds opened positions while 18 raised stakes. 40.94 million shares or 5.29% less from 43.23 million shares in 2017Q3 were reported. Thomas J Herzfeld Advisors invested in 30,632 shares. Ameriprise Finance invested in 127,891 shares or 0% of the stock. Eidelman Virant Capital holds 20,000 shares. Tennessee-based Independence Tru has invested 0.06% in Voya Prime Rate Trust (NYSE:PPR). Millennium Mngmt Llc accumulated 74,129 shares. First Allied Advisory Services reported 38,488 shares or 0.01% of all its holdings. Manufacturers Life The reported 6,153 shares. Ledyard State Bank owns 7,581 shares. Carroll Financial Associates accumulated 0% or 179 shares. Benjamin F Edwards And invested in 1,490 shares. Jaffetilchin Partners Ltd Liability Corp reported 18,401 shares. Whittier Trust Company reported 0% of its portfolio in Voya Prime Rate Trust (NYSE:PPR). North Star Investment has 0% invested in Voya Prime Rate Trust (NYSE:PPR). Rivernorth Mgmt Ltd Liability Co holds 4.70 million shares or 1.66% of its portfolio. Park Avenue Secs Ltd Liability Corp has invested 0.02% in Voya Prime Rate Trust (NYSE:PPR).

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 Robinson initiated CenturyLink, Inc. (NYSE:CTL) on Tuesday, December 13 with “Hold” rating. The stock of CenturyLink, Inc. (NYSE:CTL) earned “Neutral” rating by Goldman Sachs on Monday, January 8. RBC Capital Markets maintained the shares of CTL in report on Friday, July 7 with “Hold” rating. The company was maintained on Monday, March 14 by Citigroup. The stock of CenturyLink, Inc. (NYSE:CTL) earned “Hold” rating by RBC Capital Markets on Friday, May 26. The firm earned “Overweight” rating on Wednesday, December 13 by Morgan Stanley. The firm has “Buy” rating given on Thursday, November 9 by J.P. Morgan. Bank of America maintained it with “Buy” rating and $27.0 target in Wednesday, February 21 report. The firm earned “Buy” rating on Thursday, November 9 by UBS. The firm has “Overweight” rating given on Tuesday, January 3 by JP Morgan.

Since April 3, 2018, it had 2 insider purchases, and 0 insider sales for $215.07 million activity.

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

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