S. Muoio & CO. LLC Has $1.63 Million Stake in Centurylink Inc (CTL)

S. Muoio & CO. LLC decreased its holdings in shares of Centurylink Inc (NYSE:CTL) by 18.1% during the 3rd quarter, Holdings Channel reports. The firm owned 76,850 shares of the technology company’s stock after selling 17,000 shares during the period. S. Muoio & CO. LLC’s holdings in Centurylink were worth $1,629,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CTL. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Centurylink by 16,940.6% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,453 shares of the technology company’s stock worth $102,000 after buying an additional 5,421 shares during the period. Picton Mahoney Asset Management bought a new stake in shares of Centurylink during the 3rd quarter worth $106,000. Rehmann Capital Advisory Group boosted its holdings in shares of Centurylink by 210.7% during the 2nd quarter. Rehmann Capital Advisory Group now owns 5,873 shares of the technology company’s stock worth $109,000 after buying an additional 3,983 shares during the period. Baker Ellis Asset Management LLC bought a new stake in shares of Centurylink during the 2nd quarter worth $110,000. Finally, AdvisorNet Financial Inc boosted its holdings in shares of Centurylink by 118.4% during the 2nd quarter. AdvisorNet Financial Inc now owns 6,422 shares of the technology company’s stock worth $120,000 after buying an additional 3,482 shares during the period. Institutional investors own 76.78% of the company’s stock.

CTL has been the subject of several recent analyst reports. Bank of America set a $27.00 price objective on shares of Centurylink and gave the stock a “buy” rating in a report on Wednesday, August 8th. ValuEngine raised shares of Centurylink from a “hold” rating to a “buy” rating in a report on Wednesday, August 15th. Zacks Investment Research raised shares of Centurylink from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Monday, October 1st. Cowen set a $20.00 price objective on shares of Centurylink and gave the stock a “hold” rating in a report on Tuesday, September 25th. Finally, Barclays reaffirmed a “hold” rating and set a $21.00 price objective on shares of Centurylink in a report on Friday, August 10th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. Centurylink presently has a consensus rating of “Hold” and a consensus price target of $21.62.

NYSE:CTL opened at $19.06 on Wednesday. The stock has a market cap of $20.78 billion, a PE ratio of 12.96, a price-to-earnings-growth ratio of -11.26 and a beta of 0.76. Centurylink Inc has a 52 week low of $13.16 and a 52 week high of $24.20. The company has a quick ratio of 0.98, a current ratio of 0.78 and a debt-to-equity ratio of 1.57.

Centurylink (NYSE:CTL) last released its quarterly earnings data on Thursday, November 8th. The technology company reported $0.30 EPS for the quarter, hitting analysts’ consensus estimates of $0.30. The company had revenue of $5.82 billion during the quarter, compared to the consensus estimate of $5.88 billion. Centurylink had a net margin of 7.81% and a return on equity of 4.45%. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period last year, the firm earned $0.42 EPS. On average, equities research analysts expect that Centurylink Inc will post 1.14 EPS for the current year.

In related news, Director Glen F. Post III sold 150,000 shares of the stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $24.00, for a total transaction of $3,600,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.60% of the company’s stock.

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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.

Further Reading: Technical Analysis of Stocks, How Can It Help

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Institutional Ownership by Quarter for Centurylink (NYSE:CTL)

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