Jolley Asset Management LLC boosted its stake in shares of Centurylink Inc (NYSE:CTL) by 2,348.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,706 shares of the technology company’s stock after buying an additional 24,656 shares during the period. Jolley Asset Management LLC’s holdings in Centurylink were worth $429,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of CTL. Vanguard Group Inc. lifted its holdings in Centurylink by 22.6% during the second quarter. Vanguard Group Inc. now owns 57,351,163 shares of the technology company’s stock worth $1,369,547,000 after buying an additional 10,583,246 shares during the period. Capital World Investors acquired a new position in shares of Centurylink during the second quarter worth $142,086,000. Samlyn Capital LLC acquired a new position in shares of Centurylink during the second quarter worth $80,290,000. Voya Investment Management LLC increased its position in shares of Centurylink by 593.8% during the second quarter. Voya Investment Management LLC now owns 3,545,827 shares of the technology company’s stock worth $84,674,000 after purchasing an additional 3,034,743 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Centurylink by 61.5% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 4,358,192 shares of the technology company’s stock worth $72,695,000 after purchasing an additional 1,658,861 shares in the last quarter. Institutional investors own 42.06% of the company’s stock.
Centurylink Inc (NYSE:CTL) traded down $0.09 during midday trading on Thursday, hitting $17.34. The company had a trading volume of 10,173,141 shares, compared to its average volume of 12,772,154. 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 Inc has a 52-week low of $13.16 and a 52-week high of $27.61. The firm has a market cap of $18,620.00, a P/E ratio of 29.90, a price-to-earnings-growth ratio of -7.74 and a beta of 0.79.
In other news, Director Virginia Boulet bought 5,095 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were purchased at an average cost of $15.48 per share, with a total value of $78,870.60. Following the transaction, the director now directly owns 42,820 shares in the company, valued at $662,853.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Glen F. Post III bought 50,000 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was purchased at an average cost of $14.17 per share, for a total transaction of $708,500.00. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 150,595 shares of company stock worth $2,154,131. 0.61% of the stock is owned by insiders.
CTL has been the topic of a number of recent analyst reports. Zacks Investment Research raised Centurylink from a “sell” rating to a “hold” rating in a research report on Friday, October 13th. ValuEngine raised Centurylink from a “hold” rating to a “buy” rating in a research report on Tuesday, October 17th. SunTrust Banks reaffirmed a “hold” rating and set a $25.00 price target on shares of Centurylink in a research report on Wednesday, November 1st. Barclays reduced their price target on Centurylink from $23.00 to $19.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 4th. Finally, Jefferies Group reduced their price target on Centurylink to $17.00 and set a “hold” rating on the stock in a research report on Thursday, November 9th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Centurylink has a consensus rating of “Hold” and a consensus target price of $22.37.
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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