First Trust Advisors LP Has $82.35 Million Holdings in CenturyLink, Inc. (CTL)

First Trust Advisors LP trimmed its holdings in shares of CenturyLink, Inc. (NYSE:CTL) by 0.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,357,279 shares of the technology company’s stock after selling 8,657 shares during the period. First Trust Advisors LP owned approximately 0.79% of CenturyLink worth $82,353,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Mizuho Securities USA LLC purchased a new stake in CenturyLink during the 3rd quarter valued at $2,455,000. Fox Run Management L.L.C. purchased a new stake in CenturyLink during the 3rd quarter valued at $238,000. Kirr Marbach & Co. LLC IN purchased a new stake in CenturyLink during the 3rd quarter valued at $9,425,000. Gilman Hill Asset Management LLC purchased a new stake in CenturyLink during the 3rd quarter valued at $4,304,000. Finally, Honkamp Krueger Financial Services Inc. purchased a new stake in CenturyLink during the 3rd quarter valued at $285,000. Institutional investors and hedge funds own 82.51% of the company’s stock.

CenturyLink, Inc. (NYSE CTL) remained flat at $$15.48 during midday trading on Friday. 19,339,199 shares of the company’s stock were exchanged, compared to its average volume of 10,296,206. The company has a market capitalization of $8,507.95, a PE ratio of 7.98, a P/E/G ratio of -4.02 and a beta of 0.88. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.82 and a quick ratio of 0.90. CenturyLink, Inc. has a 12 month low of $14.60 and a 12 month high of $27.61.

CenturyLink (NYSE:CTL) last released its earnings results on Wednesday, November 8th. The technology company reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.03). The company had revenue of $4.03 billion for the quarter, compared to analysts’ expectations of $4.06 billion. CenturyLink had a net margin of 1.89% and a return on equity of 7.99%. CenturyLink’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.56 earnings per share. research analysts anticipate that CenturyLink, Inc. will post 1.92 EPS for the current year.

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CTL has been the topic of several recent analyst reports. Zacks Investment Research upgraded CenturyLink from a “sell” rating to a “hold” rating in a research note on Friday, October 13th. SunTrust Banks, Inc. reiterated a “hold” rating and set a $25.00 target price on shares of CenturyLink in a research note on Wednesday, November 1st. Deutsche Bank AG reiterated a “hold” rating and set a $16.00 target price on shares of CenturyLink in a research note on Thursday. Jefferies Group LLC restated a “hold” rating and issued a $22.00 price target on shares of CenturyLink in a research note on Tuesday, October 3rd. Finally, ValuEngine upgraded CenturyLink from a “hold” rating to a “buy” rating in a research note on Tuesday, October 17th. Four analysts have rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $23.07.

CenturyLink Profile

CenturyLink, Inc is an integrated communications company. The Company is engaged in providing an array of communications services to its residential and business customers. Its segments include business, which provides strategic, legacy and data integration products and services to small, medium and enterprise business, wholesale and governmental customers, including other communication providers, and consumer, which provides strategic and legacy products and services to residential customers.

Institutional Ownership by Quarter for CenturyLink (NYSE:CTL)

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