Centurylink (CTL) Stake Has Upped by Atria Investments Llc; As Express Scripts Hldg Co (ESRX) Market Value Declined, Cedar Rock Capital LTD Cut Its Stake by $2.23 Million

January 14, 2018 - By Hazel Jackson

Atria Investments Llc increased its stake in Centurylink Inc (CTL) by 46.86% based on its latest 2017Q3 regulatory filing with the SEC. Atria Investments Llc bought 45,312 shares as the company’s stock rose 2.43% with the market. The institutional investor held 142,018 shares of the public utilities company at the end of 2017Q3, valued at $2.68M, up from 96,706 at the end of the previous reported quarter. Atria Investments Llc who had been investing in Centurylink Inc for a number of months, seems to be bullish on the $18.56 billion market cap company. The stock decreased 0.63% or $0.11 during the last trading session, reaching $17.36. About 11.53M shares traded. CenturyLink, Inc. (NYSE:CTL) has declined 7.62% since January 14, 2017 and is downtrending. It has underperformed by 24.32% the S&P500.

Andy Brown decreased its stake in Express Scripts Hldg Co (ESRX) by 0.72% based on its latest 2017Q3 regulatory filing with the SEC. Cedar Rock Capital Ltd sold 35,391 shares as the company’s stock declined 14.09% while stock markets rallied. The hedge fund run by Andy Brown held 4.88M shares of the medical and nursing services company at the end of 2017Q3, valued at $308.95 million, down from 4.91 million at the end of the previous reported quarter. Cedar Rock Capital Ltd who had been investing in Express Scripts Hldg Co for a number of months, seems to be less bullish one the $45.80 billion market cap company. The stock increased 0.97% or $0.78 during the last trading session, reaching $80.87. About 3.16 million shares traded. Express Scripts Holding Company (NASDAQ:ESRX) has declined 16.92% since January 14, 2017 and is downtrending. It has underperformed by 33.62% the S&P500.

Atria Investments Llc, which manages about $2.88 billion and $1.84B US Long portfolio, decreased its stake in Sap Se (NYSE:SAP) by 5,952 shares to 6,524 shares, valued at $715,000 in 2017Q3, according to the filing. It also reduced its holding in Vanguard Index Fds (VOO) by 40,275 shares in the quarter, leaving it with 52,846 shares, and cut its stake in Martin Marietta Matls Inc (NYSE:MLM).

Among 21 analysts covering Centurylink Inc. (NYSE:CTL), 5 have Buy rating, 1 Sell and 15 Hold. Therefore 24% are positive. Centurylink Inc. had 56 analyst reports since July 31, 2015 according to SRatingsIntel. Citigroup maintained CenturyLink, Inc. (NYSE:CTL) rating on Friday, August 7. Citigroup has “Neutral” rating and $32 target. UBS maintained it with “Buy” rating and $36 target in Thursday, August 6 report. The firm earned “Underperform” rating on Thursday, March 17 by Jefferies. Moffett Nathanson initiated CenturyLink, Inc. (NYSE:CTL) rating on Tuesday, February 28. Moffett Nathanson has “Neutral” rating and $23 target. The firm has “Hold” rating by Jefferies given on Wednesday, January 25. Morgan Stanley maintained it with “Overweight” rating and $21.6 target in Wednesday, December 13 report. Barclays Capital upgraded CenturyLink, Inc. (NYSE:CTL) on Friday, December 15 to “Equal-Weight” rating. The firm earned “Hold” rating on Thursday, November 9 by Jefferies. The company was maintained on Thursday, November 9 by J.P. Morgan. Goldman Sachs upgraded the stock to “Neutral” rating in Monday, January 8 report.

Investors sentiment decreased to 0.95 in Q3 2017. Its down 0.13, from 1.08 in 2017Q2. It turned negative, as 65 investors sold CTL shares while 190 reduced holdings. 64 funds opened positions while 179 raised stakes. 436.00 million shares or 1.89% less from 444.41 million shares in 2017Q2 were reported. Moreover, Hudock Cap Group Limited Liability Company has 0% invested in CenturyLink, Inc. (NYSE:CTL). Ledyard Bank & Trust has 0.01% invested in CenturyLink, Inc. (NYSE:CTL) for 3,584 shares. Waters Parkerson Company Ltd Llc holds 0.02% of its portfolio in CenturyLink, Inc. (NYSE:CTL) for 11,650 shares. State Of Tennessee Treasury Department stated it has 149,334 shares or 0.01% of all its holdings. Moreover, Wellington Shields Cap Limited Liability has 0.11% invested in CenturyLink, Inc. (NYSE:CTL) for 45,395 shares. Barclays Public Limited Liability Company owns 647,925 shares for 0.01% of their portfolio. Intl Group Inc reported 15.90 million shares. The Michigan-based State Treasurer State Of Michigan has invested 0.03% in CenturyLink, Inc. (NYSE:CTL). Independence Trust holds 0.22% or 10,000 shares. Williams Jones And Associates Limited Liability Co holds 0.12% of its portfolio in CenturyLink, Inc. (NYSE:CTL) for 268,350 shares. Dimensional Fund Limited Partnership has invested 0.08% in CenturyLink, Inc. (NYSE:CTL). Ontario Teachers Pension Plan Board reported 0.38% of its portfolio in CenturyLink, Inc. (NYSE:CTL). Manufacturers Life Ins The owns 0.06% invested in CenturyLink, Inc. (NYSE:CTL) for 2.63M shares. Zacks Management holds 26,416 shares or 0.01% of its portfolio. Moreover, Twin Tree Management LP has 0.01% invested in CenturyLink, Inc. (NYSE:CTL) for 95,693 shares.

Analysts await Express Scripts Holding Company (NASDAQ:ESRX) to report earnings on February, 13. They expect $2.08 earnings per share, up 10.64% or $0.20 from last year’s $1.88 per share. ESRX’s profit will be $1.18 billion for 9.72 P/E if the $2.08 EPS becomes a reality. After $1.90 actual earnings per share reported by Express Scripts Holding Company for the previous quarter, Wall Street now forecasts 9.47% EPS growth.

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 daily email newsletter.




Free Email Newsletter

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