Moors & Cabot Inc. purchased a new position in Centurylink Inc (NYSE:CTL) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,164 shares of the technology company’s stock, valued at approximately $146,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Legacy Advisors LLC bought a new position in Centurylink during the 1st quarter worth about $25,000. Signet Investment Advisory Group Inc. bought a new position in Centurylink during the 4th quarter worth about $34,000. Doyle Wealth Management bought a new position in Centurylink during the 4th quarter worth about $35,000. Pearl River Capital LLC bought a new position in Centurylink during the 4th quarter worth about $42,000. Finally, Lindbrook Capital LLC grew its holdings in Centurylink by 447.0% during the 1st quarter. Lindbrook Capital LLC now owns 4,409 shares of the technology company’s stock worth $52,000 after acquiring an additional 3,603 shares in the last quarter. Hedge funds and other institutional investors own 75.52% of the company’s stock.

In other Centurylink news, CFO Indraneel Dev purchased 50,000 shares of Centurylink stock in a transaction on Wednesday, March 6th. The stock was bought at an average cost of $11.75 per share, with a total value of $587,500.00. Following the transaction, the chief financial officer now owns 459,153 shares of the company’s stock, valued at approximately $5,395,047.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey K. Storey purchased 83,000 shares of Centurylink stock in a transaction on Wednesday, March 6th. The shares were acquired at an average cost of $11.94 per share, with a total value of $991,020.00. Following the completion of the transaction, the chief executive officer now directly owns 3,476,359 shares in the company, valued at approximately $41,507,726.46. The disclosure for this purchase can be found here. Insiders purchased a total of 190,000 shares of company stock valued at $2,212,330 over the last ninety days. 0.50% of the stock is currently owned by insiders.

Shares of Centurylink stock opened at $11.00 on Thursday. The company has a market capitalization of $11.46 billion, a P/E ratio of 9.24, a P/E/G ratio of 0.67 and a beta of 0.74. The company has a quick ratio of 0.69, a current ratio of 0.71 and a debt-to-equity ratio of 2.68. Centurylink Inc has a 52 week low of $10.28 and a 52 week high of $24.20.

Centurylink (NYSE:CTL) last announced its quarterly earnings data on Wednesday, May 8th. The technology company reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.07. The firm had revenue of $5.65 billion during the quarter, compared to analyst estimates of $5.71 billion. Centurylink had a negative net margin of 34.62% and a positive return on equity of 6.89%. Centurylink’s revenue was down 5.0% on a year-over-year basis. During the same period last year, the firm posted $0.25 EPS. Analysts expect that Centurylink Inc will post 1.24 EPS for the current fiscal year.

Several research analysts have issued reports on CTL shares. Zacks Investment Research upgraded shares of Centurylink from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Wednesday, March 13th. Citigroup cut shares of Centurylink from a “neutral” rating to a “sell” rating and set a $14.48 target price on the stock. in a report on Tuesday, February 5th. Bank of America cut shares of Centurylink from a “buy” rating to a “neutral” rating and set a $14.00 target price on the stock. in a report on Tuesday, February 26th. TheStreet cut shares of Centurylink from a “c” rating to a “d+” rating in a report on Wednesday, February 13th. Finally, Moffett Nathanson upgraded shares of Centurylink from a “sell” rating to a “neutral” rating and dropped their target price for the stock from $16.00 to $12.00 in a report on Tuesday, February 19th. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. Centurylink currently has a consensus rating of “Hold” and an average price target of $16.75.

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Centurylink Company Profile

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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Institutional Ownership by Quarter for Centurylink (NYSE:CTL)

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