Raymond James Trust N.A. raised its position in shares of Centurylink Inc (NYSE:CTL) by 9.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,396 shares of the technology company’s stock after purchasing an additional 2,567 shares during the period. Raymond James Trust N.A.’s holdings in Centurylink were worth $645,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Madison Investment Holdings Inc. bought a new position in shares of Centurylink in the second quarter worth $24,058,000. Lourd Capital LLC bought a new position in shares of Centurylink in the second quarter worth $209,000. Kwmg LLC boosted its holdings in shares of Centurylink by 8.8% in the second quarter. Kwmg LLC now owns 94,304 shares of the technology company’s stock worth $1,758,000 after acquiring an additional 7,666 shares during the period. Toronto Dominion Bank boosted its holdings in shares of Centurylink by 27.8% in the second quarter. Toronto Dominion Bank now owns 706,741 shares of the technology company’s stock worth $13,171,000 after acquiring an additional 153,865 shares during the period. Finally, Green Square Capital LLC boosted its holdings in shares of Centurylink by 54.1% in the second quarter. Green Square Capital LLC now owns 147,938 shares of the technology company’s stock worth $2,758,000 after acquiring an additional 51,935 shares during the period. 76.76% of the stock is owned by institutional investors and hedge funds.
In related news, Director Glen F. Post III sold 150,000 shares of the stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $24.00, for a total value of $3,600,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.60% of the company’s stock.
Shares of CTL stock opened at $21.04 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.60. Centurylink Inc has a 52-week low of $13.16 and a 52-week high of $24.20. The firm has a market capitalization of $22.86 billion, a P/E ratio of 19.05, a price-to-earnings-growth ratio of -13.09 and a beta of 0.86.
Centurylink (NYSE:CTL) last issued its quarterly earnings data on Wednesday, August 8th. The technology company reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.03. Centurylink had a return on equity of 4.50% and a net margin of 7.62%. The company had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $5.92 billion. During the same quarter last year, the business posted $0.46 earnings per share. The firm’s revenue was up 44.3% compared to the same quarter last year. On average, analysts predict that Centurylink Inc will post 1.08 EPS for the current year.
A number of equities analysts have recently commented on CTL shares. Hanson lowered Centurylink from a “neutral” rating to a “sell” rating and set a $19.00 price target for the company. in a report on Wednesday, August 22nd. Moffett Nathanson reaffirmed a “sell” rating and issued a $23.00 price target on shares of Centurylink in a report on Wednesday, August 22nd. Jefferies Financial Group raised Centurylink from a “hold” rating to a “buy” rating in a report on Tuesday, June 26th. Bank of America set a $27.00 price target on Centurylink and gave the stock a “buy” rating in a report on Wednesday, August 8th. Finally, Zacks Investment Research upgraded Centurylink from a “sell” rating to a “hold” rating in a research report on Friday, August 10th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $21.33.
Centurylink Company Profile
CenturyLink, Inc provides various communications services to residential, business, wholesale, and governmental customers primarily in the United States. It operates in two segments, Business and Consumer. The company offers virtual private network data network services; Ethernet services; Internet protocol services; CenturyLink Prism TV that allows customers to watch television or cable channels and record up to four shows on one home digital video recorder; and Vyvx, which provides audio and video feeds over fiber or satellite for broadcast and production customers, as well as satellite digital television services.
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