Hexavest Inc. lifted its stake in shares of Centurylink Inc (NYSE:CTL) by 0.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,486,789 shares of the technology company’s stock after buying an additional 13,110 shares during the quarter. Hexavest Inc.’s holdings in Centurylink were worth $24,800,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fieldpoint Private Securities LLC acquired a new stake in shares of Centurylink during the 3rd quarter worth about $115,000. Patriot Financial Group Insurance Agency LLC lifted its stake in shares of Centurylink by 178.6% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 6,684 shares of the technology company’s stock worth $134,000 after buying an additional 4,285 shares during the last quarter. Blue Granite Capital LLC acquired a new stake in shares of Centurylink during the 3rd quarter worth about $136,000. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Centurylink by 10,329.0% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,196 shares of the technology company’s stock worth $136,000 after buying an additional 7,127 shares during the last quarter. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of Centurylink during the 2nd quarter worth about $197,000. Institutional investors own 82.32% of the company’s stock.
Centurylink Inc (CTL) opened at $17.36 on Friday. Centurylink Inc has a 1 year low of $13.16 and a 1 year high of $27.61. The company has a market cap of $18,675.48, a PE ratio of 29.93, a P/E/G ratio of -7.80 and a beta of 0.79. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.82 and a current ratio of 0.82.
Centurylink (NYSE:CTL) last released its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.03). Centurylink had a return on equity of 7.99% and a net margin of 1.89%. The business had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $4.06 billion. During the same period in the prior year, the business posted $0.56 earnings per share. Centurylink’s revenue was down 7.9% compared to the same quarter last year. analysts anticipate that Centurylink Inc will post 1.56 EPS for the current year.
In other news, Vice Chairman William Bruce Hanks bought 10,000 shares of the firm’s stock in a transaction on Friday, December 8th. The shares were purchased at an average cost of $14.41 per share, with a total value of $144,100.00. Following the acquisition, the insider now directly owns 58,722 shares in the company, valued at $846,184.02. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Virginia Boulet bought 5,095 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was purchased at an average cost of $15.48 per share, for a total transaction of $78,870.60. Following the completion of the acquisition, the director now owns 42,820 shares in the company, valued at $662,853.60. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 150,595 shares of company stock worth $2,154,131. 0.61% of the stock is owned by insiders.
CTL has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Centurylink from a “sell” rating to a “hold” rating in a research note on Friday, October 13th. ValuEngine upgraded shares of Centurylink from a “hold” rating to a “buy” rating in a research note on Tuesday, October 17th. SunTrust Banks restated a “hold” rating and set a $25.00 target price on shares of Centurylink in a research note on Wednesday, November 1st. Barclays cut their target price on shares of Centurylink from $23.00 to $19.00 and set an “underweight” rating for the company in a research note on Wednesday, October 4th. Finally, Jefferies Group cut their target price on shares of Centurylink to $17.00 and set a “hold” rating for the company in a research note on Thursday, November 9th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $22.37.
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Centurylink Company 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.
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