Meadow Creek Investment Management LLC grew its position in Centurylink Inc (NYSE:CTL) by 77.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,640 shares of the technology company’s stock after acquiring an additional 29,120 shares during the period. Meadow Creek Investment Management LLC’s holdings in Centurylink were worth $1,112,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Fieldpoint Private Securities LLC bought a new position in shares of Centurylink in the 3rd quarter valued at about $115,000. Bessemer Group Inc. grew its position in shares of Centurylink by 132.3% in the 4th quarter. Bessemer Group Inc. now owns 6,264 shares of the technology company’s stock valued at $104,000 after acquiring an additional 3,568 shares during the period. Citizens Financial Group Inc RI bought a new position in shares of Centurylink in the 4th quarter valued at about $111,000. Bronfman E.L. Rothschild L.P. grew its position in shares of Centurylink by 250.8% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 6,753 shares of the technology company’s stock valued at $113,000 after acquiring an additional 4,828 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Centurylink by 10,329.0% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,196 shares of the technology company’s stock valued at $136,000 after acquiring an additional 7,127 shares during the period. 86.06% of the stock is owned by institutional investors.
Shares of CTL stock opened at $16.25 on Wednesday. Centurylink Inc has a 12 month low of $13.16 and a 12 month high of $27.61. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.59. The firm has a market cap of $17,845.30, a PE ratio of 9.23, a price-to-earnings-growth ratio of -9.82 and a beta of 0.79.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Monday, March 5th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 13.29%. The ex-dividend date was Friday, March 2nd. Centurylink’s dividend payout ratio (DPR) is 122.73%.
A number of research analysts have recently commented on CTL shares. Royal Bank of Canada raised shares of Centurylink from a “sector perform” rating to an “outperform” rating in a research report on Thursday, January 25th. They noted that the move was a valuation call. Goldman Sachs raised shares of Centurylink from a “sell” rating to a “neutral” rating and set a $19.00 target price for the company in a report on Monday, January 8th. Barclays raised shares of Centurylink from an “underweight” rating to an “equal weight” rating and set a $16.00 target price for the company in a report on Friday, December 15th. ValuEngine raised shares of Centurylink from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, Zacks Investment Research raised shares of Centurylink from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $21.65.
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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 Enterprise, 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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