Ajo LP lessened its holdings in Centurylink Inc (NYSE:CTL) by 92.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 39,323 shares of the technology company’s stock after selling 456,435 shares during the period. Ajo LP’s holdings in Centurylink were worth $471,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also modified their holdings of the company. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Centurylink by 34.6% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 3,513 shares of the technology company’s stock worth $53,000 after purchasing an additional 904 shares during the period. BB&T Securities LLC lifted its holdings in shares of Centurylink by 0.8% during the fourth quarter. BB&T Securities LLC now owns 182,174 shares of the technology company’s stock worth $2,759,000 after purchasing an additional 1,481 shares during the period. Capital Investment Advisory Services LLC acquired a new position in shares of Centurylink during the fourth quarter worth $67,000. Redpoint Investment Management Pty Ltd lifted its holdings in shares of Centurylink by 21.1% during the fourth quarter. Redpoint Investment Management Pty Ltd now owns 21,015 shares of the technology company’s stock worth $318,000 after purchasing an additional 3,665 shares during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Centurylink by 3.9% during the fourth quarter. Daiwa Securities Group Inc. now owns 37,055 shares of the technology company’s stock worth $561,000 after purchasing an additional 1,400 shares during the period. Institutional investors own 74.33% of the company’s stock.
In related news, CEO Jeffrey K. Storey purchased 50,000 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was purchased at an average cost of $9.83 per share, with a total value of $491,500.00. Following the completion of the purchase, the chief executive officer now owns 3,240,001 shares in the company, valued at approximately $31,849,209.83. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider William Bruce Hanks purchased 10,000 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was bought at an average cost of $10.63 per share, with a total value of $106,300.00. Following the completion of the purchase, the insider now owns 92,172 shares of the company’s stock, valued at approximately $979,788.36. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 142,000 shares of company stock valued at $1,455,160. Insiders own 0.50% of the company’s stock.
Shares of NYSE CTL opened at $10.77 on Thursday. Centurylink Inc has a twelve month low of $9.64 and a twelve month high of $24.20. The firm has a market cap of $11.50 billion, a P/E ratio of 9.05, a PEG ratio of 0.91 and a beta of 0.72. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 2.68.
Centurylink (NYSE:CTL) last announced its earnings results on Wednesday, May 8th. The technology company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.07. Centurylink had a negative net margin of 34.62% and a positive return on equity of 6.89%. The business had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.71 billion. During the same quarter last year, the firm earned $0.25 earnings per share. Centurylink’s quarterly revenue was down 5.0% on a year-over-year basis. On average, research analysts predict that Centurylink Inc will post 1.32 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Monday, June 3rd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 9.29%. The ex-dividend date of this dividend is Friday, May 31st. Centurylink’s dividend payout ratio is presently 84.03%.
A number of equities analysts have recently commented on the stock. Guggenheim upgraded shares of Centurylink from a “sell” rating to a “neutral” rating and set a $10.00 price target on the stock in a report on Thursday, May 23rd. They noted that the move was a valuation call. Citigroup upgraded shares of Centurylink from a “sell” rating to a “neutral” rating in a report on Thursday, May 9th. Zacks Investment Research lowered shares of Centurylink from a “buy” rating to a “hold” rating in a report on Tuesday, April 16th. Edward Jones lowered shares of Centurylink to a “sell” rating in a report on Tuesday, March 5th. Finally, Bank of America lowered shares of Centurylink from a “buy” rating to a “neutral” rating and set a $14.00 price target on the stock. in a report on Tuesday, February 26th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. Centurylink presently has an average rating of “Hold” and a consensus target price of $16.58.
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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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