Swiss National Bank lowered its stake in Centurylink Inc (NYSE:CTL) by 2.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,165,534 shares of the technology company’s stock after selling 80,000 shares during the period. Swiss National Bank owned approximately 0.29% of Centurylink worth $37,227,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Coastal Investment Advisors Inc. increased its position in shares of Centurylink by 563.7% in the second quarter. Coastal Investment Advisors Inc. now owns 2,197 shares of the technology company’s stock worth $25,000 after purchasing an additional 1,866 shares during the period. AGF Investments LLC bought a new position in shares of Centurylink in the second quarter worth $38,000. NEXT Financial Group Inc increased its position in shares of Centurylink by 279.8% in the second quarter. NEXT Financial Group Inc now owns 3,699 shares of the technology company’s stock worth $44,000 after purchasing an additional 2,725 shares during the period. Lindbrook Capital LLC boosted its stake in Centurylink by 447.0% in the first quarter. Lindbrook Capital LLC now owns 4,409 shares of the technology company’s stock valued at $52,000 after buying an additional 3,603 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in Centurylink by 89.3% in the first quarter. Quadrant Capital Group LLC now owns 6,387 shares of the technology company’s stock valued at $71,000 after buying an additional 3,013 shares in the last quarter. Institutional investors own 73.97% of the company’s stock.

Shares of CTL stock traded up $0.06 during mid-day trading on Wednesday, reaching $11.32. 47,560 shares of the stock traded hands, compared to its average volume of 12,676,285. The stock’s fifty day simple moving average is $11.59 and its two-hundred day simple moving average is $11.87. Centurylink Inc has a 1-year low of $9.64 and a 1-year high of $24.20. The company has a market cap of $12.31 billion, a price-to-earnings ratio of 9.55, a price-to-earnings-growth ratio of 0.80 and a beta of 0.85. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 2.53.

Centurylink (NYSE:CTL) last announced its quarterly earnings results on Wednesday, August 7th. The technology company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.03. Centurylink had a positive return on equity of 8.30% and a negative net margin of 34.77%. The firm had revenue of $5.58 billion for the quarter, compared to analyst estimates of $5.59 billion. During the same period last year, the firm posted $0.27 earnings per share. The business’s revenue for the quarter was down 5.4% on a year-over-year basis. On average, equities research analysts anticipate that Centurylink Inc will post 1.31 EPS for the current fiscal year.

Several research firms recently weighed in on CTL. Wells Fargo & Co set a $14.00 price objective on Centurylink and gave the company a “buy” rating in a research note on Monday, August 12th. Citigroup raised Centurylink from a “sell” rating to a “neutral” rating in a research note on Thursday, May 9th. JPMorgan Chase & Co. lowered Centurylink from a “neutral” rating to an “underweight” rating and set a $10.00 price objective on the stock. in a research note on Thursday, August 8th. Raymond James raised Centurylink from an “underperform” rating to a “market perform” rating in a research note on Thursday, August 8th. Finally, Guggenheim set a $10.00 price objective on Centurylink and gave the company a “hold” rating in a research note on Wednesday, August 7th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. Centurylink currently has an average rating of “Hold” and a consensus price target of $14.96.

In other news, CFO Indraneel Dev purchased 15,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were purchased at an average cost of $9.81 per share, with a total value of $147,150.00. Following the completion of the purchase, the chief financial officer now owns 471,053 shares of the company’s stock, valued at approximately $4,621,029.93. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider William Bruce Hanks purchased 10,000 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were purchased at an average cost of $10.63 per share, for a total transaction of $106,300.00. Following the completion of the purchase, the insider now directly owns 92,172 shares of the company’s stock, valued at approximately $979,788.36. The disclosure for this purchase can be found here. Insiders have bought 95,000 shares of company stock worth $941,550 over the last three months. Insiders own 0.50% of the company’s stock.

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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