As Centurylink (CTL) Valuation Declined, Southeast Asset Advisors Has Raised Position; Te Connectivity LTD (TEL) Stock Value Rose While Point72 Asset Management LP Has Trimmed Holding by $35.04 Million

April 17, 2018 - By Migdalia James

TE Connectivity Ltd. (NYSE:TEL) Logo

Steve Cohen decreased its stake in Te Connectivity Ltd (TEL) by 73.24% based on its latest 2017Q4 regulatory filing with the SEC. Point72 Asset Management Lp sold 368,816 shares as the company’s stock rose 3.00% while stock markets declined. The hedge fund run by Steve Cohen held 134,736 shares of the electronic components company at the end of 2017Q4, valued at $12.81M, down from 503,552 at the end of the previous reported quarter. Point72 Asset Management Lp who had been investing in Te Connectivity Ltd for a number of months, seems to be less bullish one the $34.98B market cap company. The stock increased 0.25% or $0.25 during the last trading session, reaching $99.62. About 1.21M shares traded. TE Connectivity Ltd. (NYSE:TEL) has risen 31.35% since April 17, 2017 and is uptrending. It has outperformed by 19.80% the S&P500.

Southeast Asset Advisors Inc increased its stake in Centurylink Inc (CTL) by 6653.07% based on its latest 2017Q4 regulatory filing with the SEC. Southeast Asset Advisors Inc bought 763,307 shares as the company’s stock declined 6.44% with the market. The institutional investor held 774,780 shares of the public utilities company at the end of 2017Q4, valued at $12.92 million, up from 11,473 at the end of the previous reported quarter. Southeast Asset Advisors Inc who had been investing in Centurylink Inc for a number of months, seems to be bullish on the $18.73B market cap company. The stock increased 1.82% or $0.31 during the last trading session, reaching $17.36. About 5.57 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.

Investors sentiment increased to 1.02 in Q4 2017. Its up 0.02, from 1 in 2017Q3. It increased, as 34 investors sold TEL shares while 210 reduced holdings. 83 funds opened positions while 167 raised stakes. 303.06 million shares or 2.83% less from 311.89 million shares in 2017Q3 were reported. Dodge And Cox holds 24.70M shares. Prudential Financial reported 0.06% of its portfolio in TE Connectivity Ltd. (NYSE:TEL). Keybank National Association Oh holds 0% of its portfolio in TE Connectivity Ltd. (NYSE:TEL) for 8,554 shares. Chicago Equity Prns Ltd Liability stated it has 18,375 shares or 0.05% of all its holdings. State Of Alaska Department Of Revenue, a Alaska-based fund reported 13,840 shares. Boston Private Wealth Lc invested 0.17% in TE Connectivity Ltd. (NYSE:TEL). Cornercap Counsel Inc holds 40,825 shares or 0.53% of its portfolio. Madison Holding stated it has 804,105 shares or 1.3% of all its holdings. Manchester Capital Limited Company holds 0.02% or 1,073 shares. Gratry & Limited Com holds 2,390 shares or 0.27% of its portfolio. Waddell And Reed holds 983,623 shares. Cibc World owns 302,059 shares. Menora Mivtachim Holding holds 1.15% of its portfolio in TE Connectivity Ltd. (NYSE:TEL) for 313,070 shares. 4.98M are held by Credit Suisse Ag. Boyd Watterson Asset Management Ltd Liability Corp Oh has invested 0.14% in TE Connectivity Ltd. (NYSE:TEL).

Among 13 analysts covering TE Connectivity (NYSE:TEL), 10 have Buy rating, 1 Sell and 2 Hold. Therefore 77% are positive. TE Connectivity had 46 analyst reports since July 23, 2015 according to SRatingsIntel. On Monday, March 26 the stock rating was initiated by Oppenheimer with “Buy”. On Wednesday, August 9 the stock rating was maintained by Cowen & Co with “Buy”. The rating was maintained by RBC Capital Markets on Thursday, November 3 with “Outperform”. On Tuesday, March 29 the stock rating was downgraded by SunTrust to “Neutral”. The rating was maintained by Stifel Nicolaus on Thursday, July 23 with “Buy”. RBC Capital Markets maintained TE Connectivity Ltd. (NYSE:TEL) on Tuesday, August 1 with “Buy” rating. The rating was maintained by Morgan Stanley with “Overweight” on Thursday, November 2. Oppenheimer initiated the shares of TEL in report on Monday, April 2 with “Buy” rating. The firm earned “Hold” rating on Wednesday, October 11 by SunTrust. Robert W. Baird maintained the shares of TEL in report on Wednesday, January 24 with “Buy” rating.

Point72 Asset Management Lp, which manages about $23.17B US Long portfolio, upped its stake in Bunge Limited (NYSE:BG) by 1.46 million shares to 1.71 million shares, valued at $115.00 million in 2017Q4, according to the filing. It also increased its holding in Tronox Ltd (NYSE:TROX) by 175,300 shares in the quarter, for a total of 375,300 shares, and has risen its stake in Alibaba Group Hldg Ltd (Call) (NYSE:BABA).

Analysts await TE Connectivity Ltd. (NYSE:TEL) to report earnings on April, 25 before the open. They expect $1.35 earnings per share, up 13.45% or $0.16 from last year’s $1.19 per share. TEL’s profit will be $473.96 million for 18.45 P/E if the $1.35 EPS becomes a reality. After $1.40 actual earnings per share reported by TE Connectivity Ltd. for the previous quarter, Wall Street now forecasts -3.57% negative EPS growth.

Since January 29, 2018, it had 0 buys, and 5 insider sales for $35.35 million activity. 10,684 shares were sold by MERKT STEVEN T, worth $1.10M on Wednesday, February 21. 36,550 TE Connectivity Ltd. (NYSE:TEL) shares with value of $3.78M were sold by Jenkins John S. The insider CURTIN TERRENCE R sold $14.85 million.

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. The firm has “Buy” rating given on Thursday, August 3 by Oppenheimer. The stock of CenturyLink, Inc. (NYSE:CTL) has “Underweight” rating given on Wednesday, October 4 by Barclays Capital. On Tuesday, May 3 the stock rating was downgraded by Wells Fargo to “Market Perform”. Deutsche Bank maintained the shares of CTL in report on Tuesday, October 10 with “Hold” rating. The firm has “Buy” rating given on Wednesday, February 21 by Bank of America. The stock of CenturyLink, Inc. (NYSE:CTL) has “Market Perform” rating given on Tuesday, October 13 by Cowen & Co. The stock of CenturyLink, Inc. (NYSE:CTL) has “Sector Perform” rating given on Tuesday, September 22 by RBC Capital Markets. The company was upgraded on Tuesday, November 8 by Oppenheimer. Cowen & Co maintained the shares of CTL in report on Wednesday, October 18 with “Hold” rating. The firm earned “Buy” rating on Thursday, August 10 by Oppenheimer.

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

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By1 Migdalia James

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