Hgk Asset Management Boosted Its Centurylink (CTL) Position by $2.66 Million; Boeing Co (BA) Holder Checchi Capital Advisers Has Increased Its Stake

May 24, 2018 - By Marguerite Chambers

The Boeing Company (NYSE:BA) Logo

Hgk Asset Management Inc increased its stake in Centurylink Inc. (CTL) by 22.94% based on its latest 2017Q4 regulatory filing with the SEC. Hgk Asset Management Inc bought 166,208 shares as the company’s stock declined 6.44% with the market. The institutional investor held 890,699 shares of the public utilities company at the end of 2017Q4, valued at $14.86M, up from 724,491 at the end of the previous reported quarter. Hgk Asset Management Inc who had been investing in Centurylink Inc. for a number of months, seems to be bullish on the $20.16B market cap company. The stock decreased 1.71% or $0.3242 during the last trading session, reaching $18.6858. About 9.60M shares traded. CenturyLink, Inc. (NYSE:CTL) has declined 28.66% since May 24, 2017 and is downtrending. It has underperformed by 40.21% the S&P500.

Checchi Capital Advisers Llc increased its stake in Boeing Co (BA) by 19.11% based on its latest 2017Q4 regulatory filing with the SEC. Checchi Capital Advisers Llc bought 1,108 shares as the company’s stock rose 8.82% while stock markets declined. The institutional investor held 6,906 shares of the aerospace company at the end of 2017Q4, valued at $2.04 million, up from 5,798 at the end of the previous reported quarter. Checchi Capital Advisers Llc who had been investing in Boeing Co for a number of months, seems to be bullish on the $210.58B market cap company. The stock decreased 0.17% or $0.61 during the last trading session, reaching $358.6. About 2.97 million shares traded. The Boeing Company (NYSE:BA) has risen 82.35% since May 24, 2017 and is uptrending. It has outperformed by 70.80% the S&P500.

Investors sentiment decreased to 0.79 in 2017 Q4. Its down 0.02, from 0.81 in 2017Q3. It worsened, as 65 investors sold BA shares while 614 reduced holdings. 148 funds opened positions while 391 raised stakes. 373.50 million shares or 9.30% less from 411.79 million shares in 2017Q3 were reported. Argi Ltd Com reported 3,104 shares stake. Laurion Capital Mgmt LP owns 164,996 shares. Palestra Cap Mngmt Llc invested in 225,000 shares. New Jersey Better Educational Savings Tru stated it has 0.3% of its portfolio in The Boeing Company (NYSE:BA). Intact accumulated 35,900 shares. Cohen Cap Mngmt owns 1,080 shares for 0.07% of their portfolio. Pinebridge LP holds 0.83% or 109,003 shares in its portfolio. Northern Tru holds 0.5% of its portfolio in The Boeing Company (NYSE:BA) for 6.68M shares. 60,318 are owned by Lvm Mngmt Mi. Acropolis Inv Ltd Liability Corp invested in 2,808 shares. Blackrock Incorporated reported 0.5% of its portfolio in The Boeing Company (NYSE:BA). Capital Research Global holds 7.44M shares or 0.64% of its portfolio. S&Co Inc has invested 0.05% in The Boeing Company (NYSE:BA). 183,027 are owned by Comerica Fincl Bank. 21,960 were accumulated by Raymond James Na.

More notable recent The Boeing Company (NYSE:BA) news were published by: Seekingalpha.com which released: “Boeing: I Continue To See Upside” on May 23, 2018, also Benzinga.com with their article: “Airlines, Not Boeing, Take The Heat For Recent Airplane Malfunctions” published on May 23, 2018, 247Wallst.com published: “Sanctions on Iran Cost Boeing, Airbus About $20 Billion Each” on May 09, 2018. More interesting news about The Boeing Company (NYSE:BA) were released by: 247Wallst.com and their article: “Boeing Offer for Aircraft Parts Firm KLX Leaves Shareholders Cool” published on May 01, 2018 as well as Livetradingnews.com‘s news article titled: “The Boeing Company (NYSE:BA) Stock Overbought” with publication date: May 23, 2018.

Checchi Capital Advisers Llc, which manages about $305.00M and $744.72 million US Long portfolio, decreased its stake in Amazon Com Inc (NASDAQ:AMZN) by 66,619 shares to 4,281 shares, valued at $5.01M in 2017Q4, according to the filing. It also reduced its holding in Powershares Etf Trust Ii (PICB) by 113,750 shares in the quarter, leaving it with 170,648 shares, and cut its stake in Vanguard Intl Equity Index F (VWO).

Among 27 analysts covering Boeing (NYSE:BA), 19 have Buy rating, 1 Sell and 7 Hold. Therefore 70% are positive. Boeing had 117 analyst reports since August 26, 2015 according to SRatingsIntel. The rating was maintained by Wells Fargo with “Hold” on Thursday, April 26. The stock of The Boeing Company (NYSE:BA) earned “Sector Perform” rating by RBC Capital Markets on Thursday, January 28. The rating was downgraded by Buckingham Research on Monday, February 13 to “Underperform”. The stock of The Boeing Company (NYSE:BA) has “Buy” rating given on Thursday, January 28 by Canaccord Genuity. Canaccord Genuity maintained the stock with “Hold” rating in Thursday, October 26 report. The firm has “Neutral” rating given on Friday, February 12 by JP Morgan. The stock has “Buy” rating by Seaport Global on Wednesday, January 17. As per Wednesday, April 25, the company rating was maintained by Canaccord Genuity. Bank of America maintained the shares of BA in report on Thursday, February 1 with “Buy” rating. The company was maintained on Thursday, April 19 by Canaccord Genuity.

Since February 8, 2018, it had 0 insider purchases, and 6 sales for $18.83 million activity. $1.48 million worth of The Boeing Company (NYSE:BA) was sold by Sands Diana L. 36,079 shares were sold by Smith Gregory D, worth $12.17M. Hyslop Gregory L sold $762,543 worth of stock or 2,241 shares. 2,840 The Boeing Company (NYSE:BA) shares with value of $948,261 were sold by Verbeck Robert E. The insider LUTTIG J MICHAEL sold 9,000 shares worth $3.10 million.

More recent CenturyLink, Inc. (NYSE:CTL) news were published by: Seekingalpha.com which released: “CenturyLink Bonds Have Good Yields, Too” on May 17, 2018. Also Seekingalpha.com published the news titled: “CenturyLink -1.2% as Macquarie downgrades to Underperform” on May 16, 2018. Seekingalpha.com‘s news article titled: “CenturyLink: Streamlining A Fat Dividend” with publication date: May 16, 2018 was also an interesting one.

Hgk Asset Management Inc, which manages about $4.73B and $724.75M US Long portfolio, decreased its stake in Devon Energy Corp. (NYSE:DVN) by 10,816 shares to 358,764 shares, valued at $14.85M in 2017Q4, according to the filing. It also reduced its holding in International Busin (NYSE:IBM) by 2,430 shares in the quarter, leaving it with 88,778 shares, and cut its stake in Intel Corp. (NASDAQ:INTC).

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. On Wednesday, February 21 the stock rating was maintained by Bank of America with “Buy”. The company was maintained on Friday, May 26 by RBC Capital Markets. As per Tuesday, January 3, the company rating was upgraded by JP Morgan. As per Wednesday, October 4, the company rating was maintained by Barclays Capital. The firm earned “Neutral” rating on Monday, July 11 by Macquarie Research. The stock of CenturyLink, Inc. (NYSE:CTL) earned “Buy” rating by J.P. Morgan on Thursday, November 9. The rating was upgraded by Barclays Capital on Friday, December 15 to “Equal-Weight”. The rating was initiated by Barclays Capital on Tuesday, September 15 with “Underweight”. The stock of CenturyLink, Inc. (NYSE:CTL) earned “Neutral” rating by Citigroup on Friday, August 7. The stock of CenturyLink, Inc. (NYSE:CTL) has “Buy” rating given on Thursday, November 9 by UBS.

The Boeing Company (NYSE:BA) Institutional Positions Chart

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