Centurylink (Put) (CTL) Holder Jane Street Group Has Decreased Position as Stock Value Declined; Old West Investment Management Trimmed Its Position in Barrick Gold (ABX) as Stock Value Rose

June 14, 2018 - By Ellis Scott

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Old West Investment Management Llc decreased its stake in Barrick Gold Corp (ABX) by 66.51% based on its latest 2018Q1 regulatory filing with the SEC. Old West Investment Management Llc sold 334,119 shares as the company’s stock rose 9.57% while stock markets declined. The hedge fund held 168,206 shares of the precious metals company at the end of 2018Q1, valued at $2.09 million, down from 502,325 at the end of the previous reported quarter. Old West Investment Management Llc who had been investing in Barrick Gold Corp for a number of months, seems to be less bullish one the $15.34B market cap company. The stock increased 0.21% or $0.027 during the last trading session, reaching $13.077. About 3.55 million shares traded. Barrick Gold Corporation (NYSE:ABX) has declined 17.80% since June 14, 2017 and is downtrending. It has underperformed by 30.37% the S&P500. Some Historical ABX News: 13/05/2018 – Barrick, Glencore Expect to Get License for Tanzanian Project; 29/05/2018 – SHANDONG HAS HAD 22 MEETINGS SO FAR ON BARRICK PARTNERSHIP; 09/05/2018 – MIDAS GOLD CORP – MIDAS GOLD AND BARRICK WILL ENTER INTO AN INVESTOR RIGHTS AGREEMENT ON CLOSING OF OFFERING; 06/03/2018 Barrick Fosters Ownership Culture By Making Employees Shareholders; 09/05/2018 – Barrick makes Strategic Investment in Midas Gold to advance the Stibnite Gold Project, Idaho; 09/04/2018 – ROYAL GOLD – EVALUATING CARRYING VALUE OF 0.78% TO 5.45% SLIDING-SCALE NSR GOLD ROYALTY & 1.09% NSR COPPER ROYALTY ON BARRICK’S PASCUA-LAMA PROJECT; 13/05/2018 – GLENCORE, BARRICK HELD PRODUCTIVE TALKS ON KABANGA PROJECT; 14/05/2018 – Barrick Announces Conversion of Pueblo Viejo Power Plant to Natural Gas; 14/05/2018 – Barrick Gold Joint Venture Converts Pueblo Viejo Power Plant to Run on Natural Gas; 09/05/2018 – Blackrock Japan Adds Aptiv, Exits Barrick Gold: 13F

Jane Street Group Llc decreased its stake in Centurylink Inc (Put) (CTL) by 78.58% based on its latest 2018Q1 regulatory filing with the SEC. Jane Street Group Llc sold 91,000 shares as the company’s stock declined 1.25% with the market. The institutional investor held 24,800 shares of the public utilities company at the end of 2018Q1, valued at $407,000, down from 115,800 at the end of the previous reported quarter. Jane Street Group Llc who had been investing in Centurylink Inc (Put) for a number of months, seems to be less bullish one the $19.41B market cap company. The stock increased 2.55% or $0.4466 during the last trading session, reaching $17.9866. About 3.35 million shares traded. CenturyLink, Inc. (NYSE:CTL) has declined 27.08% since June 14, 2017 and is downtrending. It has underperformed by 39.65% the S&P500. Some Historical CTL News: 29/03/2018 – TEMASEK HOLDINGS (PRIVATE) LIMITED HAD PREVIOSULY REPORTED 8.7 PCT STAKE IN CENTURYLINK INC AS OF FEBRUARY 5, 2018 – SEC FILING; 06/03/2018 CenturyLink CEO Glen Post To Retire In May Effective On Date Of CenturyLink’s 2018 Annual Shareholders’ Meeting; 13/03/2018 – North American FTTH and Advanced Broadband Market Report 2017 Forecast to 2021 – Projected Record Level Growth Being Driven by AT&T, CenturyLink and Google – ResearchAndMarkets.com; 25/04/2018 – GLOBALSTAR INC – FIBERLIGHT IS SEEKING AN AMENDMENT TO ITS $255 MLN SENIOR DEBT FACILITY WITH COBANK; 09/05/2018 – CenturyLink 1Q EPS 11c; 06/03/2018 – CENTURYLINK INC – HARVEY PERRY WILL REMAIN IN HIS ROLE AS CHAIRMAN OF BOARD; 22/03/2018 – Punctuality Key to Telecom In-Home Service Satisfaction, but Performance Gaps Persist, J.D. Power Finds; 09/05/2018 – CENTURYLINK INC SEES 2018 CAPITAL EXPENDITURES OF ABOUT 16% OF REVENUE; 25/04/2018 – Thermo Investments Will Hold 15.5M Shrs in CenturyLink With a Current Value of $275 M; 06/03/2018 – CenturyLink CEO Glen Post To Retire In May; COO Jeff Storey To Take Over His Role — MarketWatch

Analysts await Barrick Gold Corporation (NYSE:ABX) to report earnings on July, 25. They expect $0.17 earnings per share, down 22.73% or $0.05 from last year’s $0.22 per share. ABX’s profit will be $199.39 million for 19.23 P/E if the $0.17 EPS becomes a reality. After $0.15 actual earnings per share reported by Barrick Gold Corporation for the previous quarter, Wall Street now forecasts 13.33% EPS growth.

Among 24 analysts covering Barrick Gold Corp. (NYSE:ABX), 8 have Buy rating, 2 Sell and 14 Hold. Therefore 33% are positive. Barrick Gold Corp. had 91 analyst reports since August 6, 2015 according to SRatingsIntel. The company was maintained on Tuesday, June 20 by Jefferies. Jefferies maintained the shares of ABX in report on Tuesday, August 15 with “Buy” rating. The stock of Barrick Gold Corporation (NYSE:ABX) earned “Neutral” rating by Macquarie Research on Wednesday, August 19. BMO Capital Markets maintained the shares of ABX in report on Wednesday, February 7 with “Hold” rating. The company was maintained on Friday, September 18 by RBC Capital Markets. The stock of Barrick Gold Corporation (NYSE:ABX) earned “Neutral” rating by UBS on Friday, November 3. Credit Suisse downgraded Barrick Gold Corporation (NYSE:ABX) on Thursday, October 26 to “Hold” rating. The stock has “Buy” rating by Deutsche Bank on Monday, October 3. The company was maintained on Thursday, May 25 by RBC Capital Markets. Berenberg upgraded the stock to “Hold” rating in Thursday, June 29 report.

More important recent Barrick Gold Corporation (NYSE:ABX) news were published by: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For June 12, 2018” on June 12, 2018, also 247Wallst.com published article titled: “Top Analyst Upgrades and Downgrades: Barrick Gold, Buckeye Partners, Interdigital, Penn Virginia, SeaWorld, Weight …”, Benzinga.com published: “Morgan Stanley Prefers Newmont Mining Over Barrick Gold” on June 12, 2018. More interesting news about Barrick Gold Corporation (NYSE:ABX) was released by: Seekingalpha.com and their article: “Barrick Gold: What Could Have Been” with publication date: June 14, 2018.

Old West Investment Management Llc, which manages about $207.40M and $173.47M US Long portfolio, upped its stake in Allergan Plc by 4,156 shares to 6,591 shares, valued at $1.11 million in 2018Q1, according to the filing. It also increased its holding in Seritage Growth Properties by 36,236 shares in the quarter, for a total of 62,712 shares, and has risen its stake in Fulgent Genetics Inc.

Investors sentiment decreased to 0.98 in Q1 2018. Its down 1.01, from 1.99 in 2017Q4. It is negative, 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. Duff And Phelps Invest Management holds 0.21% of its portfolio in CenturyLink, Inc. (NYSE:CTL) for 800,000 shares. Soros Fund Mgmt Ltd Liability Company holds 0.23% of its portfolio in CenturyLink, Inc. (NYSE:CTL) for 850,225 shares. Millennium Mgmt Limited Liability Corp has invested 0.01% in CenturyLink, Inc. (NYSE:CTL). Amalgamated Bancshares owns 119,836 shares. State Of Wisconsin Invest Board holds 0.05% of its portfolio in CenturyLink, Inc. (NYSE:CTL) for 1.14 million shares. Hexavest invested 0.31% in CenturyLink, Inc. (NYSE:CTL). Gateway Advisers Lc holds 0.01% of its portfolio in CenturyLink, Inc. (NYSE:CTL) for 98,435 shares. Manufacturers Life Insur Co The invested 0.06% in CenturyLink, Inc. (NYSE:CTL). Jolley Asset Management Ltd Liability Com holds 0.26% of its portfolio in CenturyLink, Inc. (NYSE:CTL) for 26,506 shares. At Commercial Bank accumulated 47,813 shares. Ubs Asset Management Americas holds 3.63M shares. Rudman Errol M has 2.88% invested in CenturyLink, Inc. (NYSE:CTL). Ancora Limited Liability holds 0.01% of its portfolio in CenturyLink, Inc. (NYSE:CTL) for 11,534 shares. Suntrust Banks Inc reported 184,575 shares. M&T Natl Bank Corporation invested in 0.01% or 111,857 shares.

Jane Street Group Llc, which manages about $38.66B US Long portfolio, upped its stake in Best Buy Inc (Put) (NYSE:BBY) by 108,900 shares to 189,200 shares, valued at $13.24M in 2018Q1, according to the filing. It also increased its holding in Vanguard Scottsdale Fds (VTWO) by 23,498 shares in the quarter, for a total of 25,498 shares, and has risen its stake in Goldman Sachs Group Inc (Call) (NYSE:GS).

More notable recent CenturyLink, Inc. (NYSE:CTL) news were published by: Fool.com which released: “2 Hated Dividend Stocks to Buy Now” on June 14, 2018, also Fool.com with their article: “CenturyLink Bears Have It Wrong” published on June 09, 2018, Seekingalpha.com published: “CenturyLink’s Vyvx supplying feeds for World Cup” on June 04, 2018. More interesting news about CenturyLink, Inc. (NYSE:CTL) were released by: Seekingalpha.com and their article: “CenturyLink Bonds Have Good Yields, Too” published on May 17, 2018 as well as Seekingalpha.com‘s news article titled: “CenturyLink: Streamlining A Fat Dividend” with publication date: May 16, 2018.

Analysts await CenturyLink, Inc. (NYSE:CTL) to report earnings on August, 1. They expect $0.23 EPS, down 50.00% or $0.23 from last year’s $0.46 per share. CTL’s profit will be $248.14M for 19.55 P/E if the $0.23 EPS becomes a reality. After $0.25 actual EPS reported by CenturyLink, Inc. for the previous quarter, Wall Street now forecasts -8.00% negative EPS growth.

Among 23 analysts covering Centurylink Inc. (NYSE:CTL), 7 have Buy rating, 2 Sell and 14 Hold. Therefore 30% are positive. Centurylink Inc. had 62 analyst reports since July 31, 2015 according to SRatingsIntel. Cowen & Co maintained it with “Hold” rating and $2700 target in Monday, August 14 report. As per Tuesday, December 13, the company rating was initiated by Suntrust Robinson. The firm has “Hold” rating by Cowen & Co given on Thursday, February 15. As per Monday, July 18, the company rating was downgraded by Morgan Stanley. Wells Fargo downgraded CenturyLink, Inc. (NYSE:CTL) on Tuesday, May 3 to “Market Perform” rating. The stock of CenturyLink, Inc. (NYSE:CTL) earned “Underperform” rating by Jefferies on Thursday, March 17. The stock has “Neutral” rating by Moffett Nathanson on Tuesday, February 28. The stock has “Sell” rating by Macquarie Research on Wednesday, May 16. SunTrust maintained the shares of CTL in report on Thursday, November 9 with “Hold” rating. The rating was maintained by Cowen & Co on Wednesday, October 18 with “Hold”.

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