Bollard Group LLC increased its position in CenturyLink, Inc. (NYSE:CTL) by 1.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,978 shares of the technology company’s stock after buying an additional 224 shares during the period. Bollard Group LLC’s holdings in CenturyLink were worth $334,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in CTL. Thrivent Financial for Lutherans increased its position in shares of CenturyLink by 5.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 19,062 shares of the technology company’s stock worth $454,000 after buying an additional 1,067 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of CenturyLink during the fourth quarter worth approximately $3,570,000. UBS Asset Management Americas Inc. increased its position in shares of CenturyLink by 10.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 2,036,768 shares of the technology company’s stock worth $48,434,000 after buying an additional 185,251 shares during the period. M Holdings Securities Inc. increased its position in shares of CenturyLink by 72.3% in the fourth quarter. M Holdings Securities Inc. now owns 14,100 shares of the technology company’s stock worth $335,000 after buying an additional 5,918 shares during the period. Finally, Teachers Advisors LLC increased its position in shares of CenturyLink by 1.8% in the fourth quarter. Teachers Advisors LLC now owns 1,224,363 shares of the technology company’s stock worth $29,115,000 after buying an additional 21,072 shares during the period. 78.04% of the stock is owned by institutional investors and hedge funds.
Shares of CenturyLink, Inc. (NYSE:CTL) opened at 21.87 on Wednesday. The stock has a market cap of $11.84 billion, a PE ratio of 31.70 and a beta of 0.87. CenturyLink, Inc. has a 1-year low of $21.77 and a 1-year high of $33.45. The stock’s 50 day moving average price is $23.98 and its 200 day moving average price is $24.49.
CenturyLink (NYSE:CTL) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by $0.03. CenturyLink had a net margin of 2.20% and a return on equity of 8.43%. The company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the prior year, the firm earned $0.63 EPS. The company’s revenue for the quarter was down 7.0% compared to the same quarter last year. On average, equities research analysts anticipate that CenturyLink, Inc. will post $2.00 EPS for the current fiscal year.
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A number of equities analysts recently issued reports on CTL shares. Zacks Investment Research raised CenturyLink from a “sell” rating to a “hold” rating in a report on Tuesday, April 11th. Bank of America Corporation reaffirmed a “buy” rating on shares of CenturyLink in a report on Tuesday, May 9th. Vetr raised CenturyLink from a “hold” rating to a “buy” rating and set a $27.12 price target for the company in a report on Monday, May 1st. Barclays PLC lowered their price target on CenturyLink from $24.00 to $23.00 and set an “underweight” rating for the company in a report on Thursday, June 29th. Finally, Jefferies Group LLC lowered their price target on CenturyLink from $26.00 to $23.00 and set a “hold” rating for the company in a report on Thursday, May 4th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. CenturyLink currently has an average rating of “Hold” and an average 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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