State of Alaska Department of Revenue increased its stake in CenturyLink, Inc. (NYSE:CTL) by 33.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,410 shares of the technology company’s stock after buying an additional 2,890 shares during the period. State of Alaska Department of Revenue’s holdings in CenturyLink were worth $272,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of CTL. Cleararc Capital Inc. raised its position in CenturyLink by 0.7% in the first quarter. Cleararc Capital Inc. now owns 13,386 shares of the technology company’s stock valued at $316,000 after buying an additional 93 shares in the last quarter. Bollard Group LLC increased its stake in shares of CenturyLink by 0.8% in the first quarter. Bollard Group LLC now owns 13,754 shares of the technology company’s stock valued at $324,000 after buying an additional 103 shares during the last quarter. BB&T Corp increased its stake in shares of CenturyLink by 0.8% in the first quarter. BB&T Corp now owns 14,033 shares of the technology company’s stock valued at $331,000 after buying an additional 109 shares during the last quarter. Ffcm LLC increased its stake in shares of CenturyLink by 0.8% in the first quarter. Ffcm LLC now owns 24,717 shares of the technology company’s stock valued at $583,000 after buying an additional 195 shares during the last quarter. Finally, National Asset Management Inc. increased its stake in shares of CenturyLink by 2.3% in the first quarter. National Asset Management Inc. now owns 9,802 shares of the technology company’s stock valued at $232,000 after buying an additional 225 shares during the last quarter. Institutional investors and hedge funds own 77.77% of the company’s stock.
CenturyLink, Inc. (CTL) opened at 19.16 on Friday. The firm has a market capitalization of $10.53 billion, a P/E ratio of 27.77 and a beta of 0.87. The firm’s 50-day moving average is $22.59 and its 200 day moving average is $24.13. CenturyLink, Inc. has a 12 month low of $18.41 and a 12 month high of $33.45.
CenturyLink (NYSE:CTL) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.49 by $0.03. CenturyLink had a return on equity of 8.43% and a net margin of 2.20%. The business had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the previous year, the firm earned $0.63 EPS. The company’s revenue was down 7.0% on a year-over-year basis. On average, analysts expect that CenturyLink, Inc. will post $1.95 EPS for the current fiscal year.
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Several analysts recently commented on the company. ValuEngine raised CenturyLink from a “hold” rating to a “buy” rating in a research note on Friday. Cowen and Company reissued a “neutral” rating on shares of CenturyLink in a research note on Monday, August 14th. BidaskClub downgraded CenturyLink from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Barclays PLC lowered their target price on CenturyLink from $24.00 to $23.00 and set an “underweight” rating on the stock in a research report on Thursday, June 29th. Finally, UBS AG set a $29.00 target price on CenturyLink and gave the company a “buy” rating in a research report on Thursday, June 22nd. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. CenturyLink currently has a consensus rating of “Hold” and a consensus target price of $26.22.
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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