Winslow Evans & Crocker Inc. lifted its stake in shares of Centurylink Inc (NYSE:CTL) by 17.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,478 shares of the technology company’s stock after purchasing an additional 3,160 shares during the quarter. Winslow Evans & Crocker Inc.’s holdings in Centurylink were worth $358,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in CTL. Fieldpoint Private Securities LLC acquired a new position in Centurylink during the third quarter worth $115,000. Patriot Financial Group Insurance Agency LLC grew its holdings in Centurylink by 178.6% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 6,684 shares of the technology company’s stock worth $134,000 after acquiring an additional 4,285 shares during the period. Blue Granite Capital LLC acquired a new position in Centurylink during the third quarter worth $136,000. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Centurylink by 10,329.0% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,196 shares of the technology company’s stock worth $136,000 after acquiring an additional 7,127 shares during the period. Finally, Tower Research Capital LLC TRC acquired a new position in Centurylink during the second quarter worth $197,000. Institutional investors and hedge funds own 42.06% of the company’s stock.
Shares of Centurylink Inc (CTL) opened at $17.31 on Friday. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market capitalization of $18,536.51, a price-to-earnings ratio of 29.85, a price-to-earnings-growth ratio of -7.74 and a beta of 0.79. Centurylink Inc has a twelve month low of $13.16 and a twelve month high of $27.61.
A number of research analysts recently weighed in on the company. UBS Group dropped their price objective on Centurylink from $29.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, November 9th. Oppenheimer reaffirmed a “buy” rating and set a $20.00 price objective on shares of Centurylink in a report on Tuesday, January 9th. Bank of America dropped their price objective on Centurylink from $42.00 to $27.00 and set a “buy” rating on the stock in a report on Friday, November 10th. Cowen reaffirmed a “hold” rating and set a $24.00 price objective on shares of Centurylink in a report on Thursday, October 19th. Finally, Deutsche Bank reaffirmed a “hold” rating and set a $16.00 price objective on shares of Centurylink in a report on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $22.37.
In related news, Director Virginia Boulet acquired 5,095 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were acquired at an average price of $15.48 per share, with a total value of $78,870.60. Following the completion of the purchase, the director now directly owns 42,820 shares in the company, valued at $662,853.60. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Glen F. Post III acquired 50,000 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were bought 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. Insiders acquired 150,595 shares of company stock worth $2,154,131 in the last three months. 0.61% of the stock is owned by corporate insiders.
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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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