New Oriental Education & Tech (EDU) Holding Has Increased by Lockheed Martin Investment Management Company; Harvest Management Lowered Centurylink (CTL) Holding by $648,000; Share Price Rose

September 14, 2018 - By Tyler Harlow

CenturyLink, Inc. (NYSE:CTL) Logo

Lockheed Martin Investment Management Company increased its stake in New Oriental Education & Tech (EDU) by 35.32% based on its latest 2018Q2 regulatory filing with the SEC. Lockheed Martin Investment Management Company bought 15,750 shares as the company’s stock declined 32.12% while stock markets rallied. The institutional investor held 60,340 shares of the consumer services company at the end of 2018Q2, valued at $5.71M, up from 44,590 at the end of the previous reported quarter. Lockheed Martin Investment Management Company who had been investing in New Oriental Education & Tech for a number of months, seems to be bullish on the $11.09 billion market cap company. The stock increased 1.58% or $1.09 during the last trading session, reaching $70.11. About 117,968 shares traded. New Oriental Education & Technology Group Inc. (NYSE:EDU) has declined 23.32% since September 14, 2017 and is downtrending. It has underperformed by 38.94% the S&P500. Some Historical EDU News: 24/04/2018 – NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC EDU.N – QTRLY NON-GAAP NET INCOME PER ADS ATTRIBUTABLE $0.57; 24/05/2018 – NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC EDU.N : CLSA CUTS TO UNDERPERFORM FROM OUTPERFORM; 24/04/2018 New Oriental Education 3Q Adj EPS 57c; 24/04/2018 – Correct: New Oriental Education and Technology Revenues Up 41.2% Year Over Year; 24/04/2018 – New Oriental Education and Technology Sees 4Q Rev $661.4M-$680.9M; 24/04/2018 – NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC EDU.N : CREDIT SUISSE RAISES TARGET PRICE TO $110.20 FROM $103.00 ; RATING OUTPERFORM; 24/04/2018 – New Oriental Education and Technology 3Q Rev $618M; 26/04/2018 – NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC EDU.N : JP MORGAN RAISES TARGET PRICE TO $90 FROM $83; 24/04/2018 – New Oriental Education 3Q Net $68.4M; 24/04/2018 – NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC EDU.N – QTRLY NET INCOME PER ADS ATTRIBUTABLE $0.43

Harvest Management Llc decreased its stake in Centurylink Inc (CTL) by 74.17% based on its latest 2018Q2 regulatory filing with the SEC. Harvest Management Llc sold 36,000 shares as the company’s stock rose 30.79% with the market. The hedge fund held 12,540 shares of the public utilities company at the end of 2018Q2, valued at $234,000, down from 48,540 at the end of the previous reported quarter. Harvest Management Llc who had been investing in Centurylink Inc for a number of months, seems to be less bullish one the $24.25B market cap company. The stock decreased 0.88% or $0.2 during the last trading session, reaching $22.45. About 513,549 shares traded. CenturyLink, Inc. (NYSE:CTL) has risen 20.04% since September 14, 2017 and is uptrending. It has outperformed by 4.42% the S&P500. Some Historical CTL News: 25/04/2018 – Globalstar to merge with FiberLight in $1.65 bln deal; 06/03/2018 – CENTURYLINK INC – HARVEY PERRY WILL REMAIN IN HIS ROLE AS CHAIRMAN OF BOARD; 19/04/2018 – CenturyLink Bond Trading 2x Average; Clients Net Buyers; 14/03/2018 – Department of Justice approves CenturyLink’s proposed sale of former Level 3 metro network assets in Boise area to Syringa Networks; 06/03/2018 – CENTURYLINK INC – PRESIDENT AND CHIEF OPERATING OFFICER JEFF STOREY WILL BECOME CENTURYLINK’S CEO AND PRESIDENT EFFECTIVE AT TIME OF POST’S RETIREMENT

Since April 3, 2018, it had 3 insider buys, and 2 insider sales for $208.97 million activity. POST GLEN F III also sold $3.60M worth of CenturyLink, Inc. (NYSE:CTL) shares. CLONTZ STEVEN T had bought 41,000 shares worth $796,936 on Friday, May 11.

Analysts await CenturyLink, Inc. (NYSE:CTL) to report earnings on November, 14. They expect $0.25 EPS, down 40.48% or $0.17 from last year’s $0.42 per share. CTL’s profit will be $270.03 million for 22.45 P/E if the $0.25 EPS becomes a reality. After $0.26 actual EPS reported by CenturyLink, Inc. for the previous quarter, Wall Street now forecasts -3.85% negative EPS growth.

More notable recent CenturyLink, Inc. (NYSE:CTL) news were published by: Fool.com which released: “CenturyLink Earnings Show the Turnaround Is Underway” on August 23, 2018, also Seekingalpha.com with their article: “CenturyLink: Bizarre Reaction” published on August 24, 2018, Seekingalpha.com published: “What’s Next For CenturyLink’s 10% Yield?” on September 11, 2018. More interesting news about CenturyLink, Inc. (NYSE:CTL) were released by: Seekingalpha.com and their article: “CenturyLink: Buy This Turnaround” published on August 22, 2018 as well as Seekingalpha.com‘s news article titled: “CenturyLink: A 9.48% Yield Quality Retirement Income Play” with publication date: August 27, 2018.

Among 23 analysts covering Centurylink Inc. (NYSE:CTL), 8 have Buy rating, 3 Sell and 12 Hold. Therefore 35% are positive. Centurylink Inc. had 66 analyst reports since July 31, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, October 10 by Deutsche Bank. Macquarie Research initiated the shares of CTL in report on Monday, July 11 with “Neutral” rating. The stock of CenturyLink, Inc. (NYSE:CTL) earned “Outperform” rating by Oppenheimer on Tuesday, November 8. The firm earned “Buy” rating on Thursday, August 6 by UBS. The firm has “Buy” rating by Oppenheimer given on Thursday, August 10. The firm has “Underweight” rating by Morgan Stanley given on Monday, July 18. The rating was upgraded by Jefferies on Wednesday, January 25 to “Hold”. The stock of CenturyLink, Inc. (NYSE:CTL) has “Sell” rating given on Wednesday, May 16 by Macquarie Research. The firm has “Hold” rating given on Thursday, February 15 by Cowen & Co. Moffett Nathanson downgraded the shares of CTL in report on Wednesday, August 22 to “Sell” rating.

Investors sentiment increased to 1.1 in 2018 Q2. Its up 0.12, from 0.98 in 2018Q1. It improved, as 42 investors sold CTL shares while 188 reduced holdings. 72 funds opened positions while 181 raised stakes. 805.85 million shares or 1.90% less from 821.46 million shares in 2018Q1 were reported. Commonwealth Of Pennsylvania Pub School Empls Retrmt System reported 0.03% of its portfolio in CenturyLink, Inc. (NYSE:CTL). Prudential Plc invested in 1.32M shares or 0.08% of the stock. Pinnacle Assocs Limited reported 170,317 shares. Markston Intl Limited Liability holds 75 shares or 0% of its portfolio. Loomis Sayles & Comm Limited Partnership accumulated 929,132 shares or 0.04% of the stock. Gateway Inv Advisers Ltd Liability accumulated 93,305 shares. Next Financial Grp Inc accumulated 0.11% or 15,633 shares. Epoch Invest Incorporated has 5.91M shares for 0.34% of their portfolio. Summit Finance Wealth Advisors Lc has invested 0.36% of its portfolio in CenturyLink, Inc. (NYSE:CTL). Metropolitan Life Co has 0% invested in CenturyLink, Inc. (NYSE:CTL). Sumitomo Mitsui Asset has 67,650 shares for 0.02% of their portfolio. Hall Laurie J Trustee holds 0.01% or 920 shares. Ameritas Investment Ptnrs has invested 0.02% in CenturyLink, Inc. (NYSE:CTL). Franklin Resources accumulated 0% or 10,343 shares. 33,651 are owned by Northwestern Mutual Wealth Mngmt.

Harvest Management Llc, which manages about $136.16 million and $157.32M US Long portfolio, upped its stake in Cigna Corporation (NYSE:CI) by 9,000 shares to 24,000 shares, valued at $4.08 million in 2018Q2, according to the filing. It also increased its holding in U S G Corp (NYSE:USG) by 129,500 shares in the quarter, for a total of 169,500 shares, and has risen its stake in Rsp Permian Inc (NYSE:RSPP).

Lockheed Martin Investment Management Company, which manages about $2.13 billion US Long portfolio, decreased its stake in Ishares Msci Eafe Small Cap (SCZ) by 77,400 shares to 143,910 shares, valued at $9.03M in 2018Q2, according to the filing. It also reduced its holding in Independent Bank Group Inc (NASDAQ:IBTX) by 8,800 shares in the quarter, leaving it with 19,400 shares, and cut its stake in Select Sector Spdr (XLF).

Among 13 analysts covering New Oriental Education & Technology Group (NYSE:EDU), 9 have Buy rating, 1 Sell and 3 Hold. Therefore 69% are positive. New Oriental Education & Technology Group had 39 analyst reports since September 9, 2015 according to SRatingsIntel. Benchmark maintained the stock with “Buy” rating in Friday, October 6 report. The stock of New Oriental Education & Technology Group Inc. (NYSE:EDU) has “Neutral” rating given on Tuesday, May 29 by JP Morgan. Benchmark maintained it with “Buy” rating and $75 target in Wednesday, April 19 report. JP Morgan maintained the shares of EDU in report on Wednesday, January 24 with “Underweight” rating. The firm earned “Neutral” rating on Wednesday, May 17 by JP Morgan. Jefferies maintained the shares of EDU in report on Sunday, August 27 with “Buy” rating. Morgan Stanley initiated the shares of EDU in report on Thursday, April 14 with “Overweight” rating. The rating was initiated by Credit Suisse on Thursday, January 14 with “Outperform”. As per Thursday, July 21, the company rating was initiated by Brean Capital. As per Thursday, February 4, the company rating was upgraded by Mizuho.

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

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