Markets

Dissecting the Insider Trading Patterns of CenturyLink, Inc. (CTL)

Recent insider trends for CenturyLink, Inc. (NYSE:CTL) have caught the attention of investors. Insider data is useful because it can reveal what a company’s executives and largest shareholders feel about a stock. In this case, the data has some interesting things to say about how CTL might perform in the future.

Institutions own 83.79% of CenturyLink, Inc. (CTL)’s shares. The total value of these holdings, in millions, is $9,252. Among active positions in the latest quarter, 332 holders increased their positions by a total of 81.81 million shares, 309 holders decreased the positions by a total of 50 million shares, and 89 holders held their positions. This works out to a net increase in ownership of 31.82 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 93 holders initiated new positions by a total of 45.7 million shares and 81 holders exited their positions by a total of 12.19 million shares. This nets out to an increase of 33.51 million shares and is a bullish sign for CTL.

Insider ownership increased by a total of 0 shares, which suggests that CTL’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 27 buys and 22 sells, and ownership increased by a net of 1.42 million shares.



Analysts often look at short interest, or the number of shares currently being shorted by investors, to aid in their outlook for a particular stock. CenturyLink, Inc. (NYSE:CTL)’s short interest is 115.24 million shares, or 21.21% of the float. This represents a decrease of -3% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

In light of the insider ownership and trading data it makes sense to consider technicals to see if they come to a similar conclusion about the outlook for CTL. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that CTL is a hold, which implies that CTL is expected to perform in line with the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that CenturyLink, Inc. (NYSE:CTL) is fairly valued.

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