Act Ii Management LP Cut Its Centurylink (CTL) Holding as Stock Price Declined; Claar Advisors Maintains Position in Kinder Morgan Del (KMI)

May 27, 2018 - By Kurt Siggers

Kinder Morgan, Inc. (NYSE:KMI) Logo

Dennis Leibowitz decreased its stake in Centurylink Inc (CTL) by 35.9% based on its latest 2017Q4 regulatory filing with the SEC. Act Ii Management Lp sold 70,000 shares as the company’s stock declined 6.44% with the market. The hedge fund run by Dennis Leibowitz held 125,000 shares of the public utilities company at the end of 2017Q4, valued at $2.09M, down from 195,000 at the end of the previous reported quarter. Act Ii Management Lp who had been investing in Centurylink Inc for a number of months, seems to be less bullish one the $19.61B market cap company. The stock decreased 1.84% or $0.34 during the last trading session, reaching $18.18. About 15.57M shares traded or 38.85% up from the average. CenturyLink, Inc. (NYSE:CTL) has declined 28.66% since May 27, 2017 and is downtrending. It has underperformed by 40.21% the S&P500.

Gary Claar increased its stake in Kinder Morgan Inc Del (KMI) by 68.34% based on its latest 2017Q4 regulatory filing with the SEC. Claar Advisors Llc bought 370,387 shares as the company’s stock declined 16.40% with the market. The hedge fund run by Gary Claar held 912,354 shares of the public utilities company at the end of 2017Q4, valued at $16.49 million, up from 541,967 at the end of the previous reported quarter. Claar Advisors Llc who had been investing in Kinder Morgan Inc Del for a number of months, seems to be bullish on the $35.05B market cap company. The stock increased 0.06% or $0.01 during the last trading session, reaching $15.89. About 17.52M shares traded or 12.15% up from the average. Kinder Morgan, Inc. (NYSE:KMI) has declined 28.25% since May 27, 2017 and is downtrending. It has underperformed by 39.80% the S&P500.

Since April 3, 2018, it had 3 insider buys, and 0 sales for $215.87 million activity. Another trade for 41,000 shares valued at $796,936 was bought by CLONTZ STEVEN T.

Analysts await CenturyLink, Inc. (NYSE:CTL) to report earnings on August, 1. They expect $0.21 EPS, down 54.35% or $0.25 from last year’s $0.46 per share. CTL’s profit will be $226.55M for 21.64 P/E if the $0.21 EPS becomes a reality. After $0.25 actual EPS reported by CenturyLink, Inc. for the previous quarter, Wall Street now forecasts -16.00% negative EPS growth.

More notable recent CenturyLink, Inc. (NYSE:CTL) news were published by: Seekingalpha.com which released: “CenturyLink: Streamlining A Fat Dividend” on May 16, 2018, also Seekingalpha.com with their article: “Tracking Mason Hawkins’ Southeastern Asset Management Portfolio – Q1 2018 Update” published on May 25, 2018, Seekingalpha.com published: “CenturyLink Bonds Have Good Yields, Too” on May 17, 2018. More interesting news about CenturyLink, Inc. (NYSE:CTL) were released by: Seekingalpha.com and their article: “CenturyLink -1.2% as Macquarie downgrades to Underperform” published on May 16, 2018 as well as Seekingalpha.com‘s news article titled: “Pair Trade: Arbitrage Opportunity In CenturyLink’s Debt” with publication date: May 10, 2018.

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. Jefferies maintained the shares of CTL in report on Tuesday, October 3 with “Hold” rating. The stock has “Underweight” rating by Barclays Capital on Wednesday, October 4. Wells Fargo downgraded the stock to “Market Perform” rating in Tuesday, May 3 report. The rating was maintained by Morgan Stanley on Wednesday, December 13 with “Overweight”. Deutsche Bank maintained CenturyLink, Inc. (NYSE:CTL) rating on Tuesday, October 10. Deutsche Bank has “Hold” rating and $20 target. On Friday, October 28 the stock rating was downgraded by Raymond James to “Mkt Perform”. On Thursday, November 9 the stock rating was maintained by SunTrust with “Hold”. As per Thursday, January 25, the company rating was upgraded by RBC Capital Markets. The firm has “Hold” rating by Jefferies given on Wednesday, January 25. The stock of CenturyLink, Inc. (NYSE:CTL) earned “Market Perform” rating by Cowen & Co on Tuesday, October 13.

Act Ii Management Lp, which manages about $484.22 million and $155.01M US Long portfolio, upped its stake in Comcast Corp New (NASDAQ:CMCSA) by 98,400 shares to 218,400 shares, valued at $8.75M in 2017Q4, according to the filing. It also increased its holding in Amc Entmt Hldgs Inc (NYSE:AMC) by 50,500 shares in the quarter, for a total of 254,662 shares, and has risen its stake in T Mobile Us Inc (NYSE:TMUS).

Investors 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. 306,944 are owned by Hartford Inv Mngmt. Dnb Asset As invested 0.02% in CenturyLink, Inc. (NYSE:CTL). Geode Cap Management Ltd Liability Company invested in 0.06% or 10.37 million shares. Quantres Asset Limited stated it has 0.89% in CenturyLink, Inc. (NYSE:CTL). 219,939 are owned by Hightower Limited Liability Company. Natl Pension Serv has 1.15 million shares for 0.1% of their portfolio. Moreover, Hartford has 0% invested in CenturyLink, Inc. (NYSE:CTL) for 62 shares. Putnam Ltd Limited Liability Company reported 0% stake. Parametrica Ltd reported 25,265 shares or 0.27% of all its holdings. Plante Moran Advsr Lc owns 228 shares. Platinum holds 0.18% in CenturyLink, Inc. (NYSE:CTL) or 412,151 shares. Prudential Inc owns 2.47M shares for 0.06% of their portfolio. New York-based American International Gru has invested 0.03% in CenturyLink, Inc. (NYSE:CTL). Ls Invest Advsrs Ltd Company reported 53,321 shares. Orrstown Financial Inc holds 0% or 110 shares in its portfolio.

Investors sentiment decreased to 0.7 in Q4 2017. Its down 0.07, from 0.77 in 2017Q3. It dived, as 75 investors sold KMI shares while 372 reduced holdings. 83 funds opened positions while 231 raised stakes. 1.31 billion shares or 0.25% more from 1.31 billion shares in 2017Q3 were reported. Norinchukin Retail Bank The has 0.08% invested in Kinder Morgan, Inc. (NYSE:KMI) for 250,924 shares. Innovations Limited Com invested in 0.42% or 10,224 shares. Tctc Holdg Limited Co stated it has 19,770 shares or 0.02% of all its holdings. Bluemountain Capital Mgmt Llc owns 172,188 shares. Mackenzie Fincl Corp reported 8.46 million shares stake. Ballentine Prtnrs Ltd Liability Corporation invested in 0.05% or 53,037 shares. Renaissance Techs Ltd Liability Company invested in 0.06% or 3.17 million shares. Whittier Trust owns 0.25% invested in Kinder Morgan, Inc. (NYSE:KMI) for 401,054 shares. Atlantic Tru Ltd Liability Company invested in 6.30M shares. Wesbanco Bankshares, West Virginia-based fund reported 38,015 shares. Earnest Ltd Liability invested in 0% or 1,011 shares. Rmsincerbeaux Capital Mgmt Ltd Liability has 4.59% invested in Kinder Morgan, Inc. (NYSE:KMI) for 278,801 shares. Parametric Portfolio Ltd Company has 0.07% invested in Kinder Morgan, Inc. (NYSE:KMI) for 4.07 million shares. Bancorp Of Nova Scotia reported 385,814 shares stake. Vantage Advisors Ltd Liability Corporation has 238 shares.

Among 25 analysts covering Kinder Morgan (NYSE:KMI), 17 have Buy rating, 0 Sell and 8 Hold. Therefore 68% are positive. Kinder Morgan had 85 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was maintained by Mizuho with “Hold” on Wednesday, April 11. The rating was reinitiated by Piper Jaffray on Friday, April 1 with “Neutral”. The stock has “Hold” rating by RBC Capital Markets on Sunday, October 1. BMO Capital Markets maintained it with “Buy” rating and $2600 target in Thursday, July 27 report. TD Securities maintained it with “Buy” rating and $2600 target in Tuesday, June 20 report. The rating was maintained by Morgan Stanley with “Overweight” on Friday, November 17. The stock of Kinder Morgan, Inc. (NYSE:KMI) has “Sector Perform” rating given on Wednesday, December 9 by RBC Capital Markets. The firm has “Buy” rating given on Wednesday, March 21 by Bank of America. The rating was maintained by Barclays Capital with “Overweight” on Tuesday, April 17. The company was maintained on Thursday, January 18 by RBC Capital Markets.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By1 Kurt Siggers

Automatic Stock Updates

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: