SG Americas Securities LLC increased its holdings in shares of Centurylink Inc (NYSE:CTL) by 72.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 593,679 shares of the technology company’s stock after purchasing an additional 248,671 shares during the quarter. SG Americas Securities LLC owned approximately 0.05% of Centurylink worth $7,409,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. FMR LLC raised its position in Centurylink by 114.1% during the first quarter. FMR LLC now owns 2,433,165 shares of the technology company’s stock worth $29,174,000 after acquiring an additional 1,296,573 shares in the last quarter. Thomasville National Bank raised its position in Centurylink by 13.9% during the second quarter. Thomasville National Bank now owns 62,040 shares of the technology company’s stock worth $730,000 after acquiring an additional 7,595 shares in the last quarter. Boothe Investment Group Inc. raised its position in Centurylink by 10.0% during the second quarter. Boothe Investment Group Inc. now owns 33,938 shares of the technology company’s stock worth $399,000 after acquiring an additional 3,077 shares in the last quarter. OLD Point Trust & Financial Services N A raised its position in Centurylink by 6.4% during the second quarter. OLD Point Trust & Financial Services N A now owns 99,898 shares of the technology company’s stock worth $1,175,000 after acquiring an additional 6,000 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its position in Centurylink by 5.6% during the second quarter. Crossmark Global Holdings Inc. now owns 148,262 shares of the technology company’s stock worth $1,744,000 after acquiring an additional 7,834 shares in the last quarter. Institutional investors and hedge funds own 73.51% of the company’s stock.
CTL has been the topic of several analyst reports. ValuEngine raised shares of Centurylink from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Wells Fargo & Co upped their price target on shares of Centurylink from $14.00 to $15.00 and gave the stock an “outperform” rating in a research report on Thursday. Guggenheim lowered shares of Centurylink from a “neutral” rating to a “sell” rating and set a $10.00 price target on the stock. in a research report on Wednesday. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Centurylink in a research report on Friday, September 13th. Finally, Raymond James raised shares of Centurylink from an “underperform” rating to a “market perform” rating in a research report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $13.16.
Shares of CTL traded down $0.09 during trading hours on Friday, hitting $14.79. The company had a trading volume of 16,441,503 shares, compared to its average volume of 10,665,462. The firm has a market cap of $14.91 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 0.98 and a beta of 0.86. The business has a fifty day moving average of $12.53 and a 200-day moving average of $11.65. Centurylink Inc has a 12 month low of $9.64 and a 12 month high of $21.50. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 2.53.
Centurylink (NYSE:CTL) last issued its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.01). The company had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.53 billion. Centurylink had a negative net margin of 34.77% and a positive return on equity of 8.30%. Centurylink’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.30 earnings per share. On average, equities analysts expect that Centurylink Inc will post 1.35 EPS for the current fiscal year.
Centurylink Company Profile
CenturyLink, Inc provides various communications services to residential, business, wholesale, and governmental customers in the United States and internationally. The company operates in two segments, Business and Consumer. It offers VPN data network services; Ethernet services; Internet protocol (IP) services; facilities-based Prism TV service, as well as satellite digital television services; CDN services; and Vyvx broadcast services.
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