Centurylink Inc (CTL) Shares Bought by Alps Advisors Inc.

Alps Advisors Inc. lifted its position in Centurylink Inc (NYSE:CTL) by 19.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,293,552 shares of the technology company’s stock after buying an additional 543,053 shares during the quarter. Alps Advisors Inc. owned about 0.31% of Centurylink worth $54,936,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Temasek Holdings Private Ltd grew its stake in shares of Centurylink by 13.9% in the 1st quarter. Temasek Holdings Private Ltd now owns 105,861,423 shares of the technology company’s stock valued at $1,739,303,000 after buying an additional 12,957,184 shares in the last quarter. Fiduciary Management Inc. WI grew its stake in shares of Centurylink by 5.7% in the 1st quarter. Fiduciary Management Inc. WI now owns 18,455,072 shares of the technology company’s stock valued at $303,217,000 after buying an additional 992,063 shares in the last quarter. Epoch Investment Partners Inc. grew its stake in shares of Centurylink by 17.2% in the 1st quarter. Epoch Investment Partners Inc. now owns 6,388,838 shares of the technology company’s stock valued at $104,969,000 after buying an additional 936,766 shares in the last quarter. Beck Mack & Oliver LLC grew its stake in shares of Centurylink by 10.5% in the 2nd quarter. Beck Mack & Oliver LLC now owns 6,227,820 shares of the technology company’s stock valued at $116,087,000 after buying an additional 593,105 shares in the last quarter. Finally, ACR Alpine Capital Research LLC grew its stake in shares of Centurylink by 44.8% in the 1st quarter. ACR Alpine Capital Research LLC now owns 6,122,188 shares of the technology company’s stock valued at $100,588,000 after buying an additional 1,894,921 shares in the last quarter. 78.74% of the stock is owned by institutional investors and hedge funds.

CTL opened at $21.38 on Monday. Centurylink Inc has a twelve month low of $13.16 and a twelve month high of $22.03. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.98 and a quick ratio of 0.88. The company has a market capitalization of $22.62 billion, a P/E ratio of 14.54, a P/E/G ratio of -14.69 and a beta of 0.80.

Centurylink (NYSE:CTL) last posted its earnings results on Wednesday, August 8th. The technology company reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.03. Centurylink had a return on equity of 4.50% and a net margin of 7.62%. The firm had revenue of $5.90 billion during the quarter, compared to analyst estimates of $5.92 billion. During the same period in the previous year, the company earned $0.46 EPS. The company’s revenue for the quarter was up 44.3% on a year-over-year basis. equities analysts expect that Centurylink Inc will post 1 earnings per share for the current year.

Several equities research analysts recently commented on the company. Zacks Investment Research raised Centurylink from a “sell” rating to a “hold” rating in a research note on Friday. Barclays reissued a “hold” rating and issued a $21.00 price target on shares of Centurylink in a research note on Friday. ValuEngine cut Centurylink from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Jefferies Financial Group raised Centurylink from a “hold” rating to a “buy” rating in a research note on Tuesday, June 26th. Finally, Macquarie cut Centurylink from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $27.61 to $18.00 in a research note on Wednesday, May 16th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $21.13.

About Centurylink

CenturyLink, Inc provides various communications services to residential, business, wholesale, and governmental customers primarily in the United States. It operates in two segments, Business and Consumer. The company offers virtual private network data network services; Ethernet services; Internet protocol services; CenturyLink Prism TV that allows customers to watch television or cable channels and record up to four shows on one home digital video recorder; and Vyvx, which provides audio and video feeds over fiber or satellite for broadcast and production customers, as well as satellite digital television services.

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Institutional Ownership by Quarter for Centurylink (NYSE:CTL)

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