S. Muoio & CO. LLC Sells 500,000 Shares of Centurylink Inc (NYSE:CTL)

S. Muoio & CO. LLC reduced its position in shares of Centurylink Inc (NYSE:CTL) by 80.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 120,850 shares of the technology company’s stock after selling 500,000 shares during the quarter. Centurylink comprises 1.2% of S. Muoio & CO. LLC’s holdings, making the stock its 26th biggest position. S. Muoio & CO. LLC’s holdings in Centurylink were worth $1,421,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. First Trust Advisors LP raised its holdings in Centurylink by 312.5% during the 2nd quarter. First Trust Advisors LP now owns 17,971,928 shares of the technology company’s stock worth $211,350,000 after purchasing an additional 13,615,102 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Centurylink by 12.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 14,763,545 shares of the technology company’s stock worth $223,688,000 after purchasing an additional 1,587,647 shares during the last quarter. Geode Capital Management LLC raised its holdings in Centurylink by 9.2% during the 4th quarter. Geode Capital Management LLC now owns 13,305,449 shares of the technology company’s stock worth $201,523,000 after purchasing an additional 1,119,125 shares during the last quarter. ACR Alpine Capital Research LLC raised its holdings in Centurylink by 63.4% during the 1st quarter. ACR Alpine Capital Research LLC now owns 10,177,422 shares of the technology company’s stock worth $122,027,000 after purchasing an additional 3,950,360 shares during the last quarter. Finally, Beck Mack & Oliver LLC raised its holdings in Centurylink by 7.0% during the 1st quarter. Beck Mack & Oliver LLC now owns 6,865,407 shares of the technology company’s stock worth $82,316,000 after purchasing an additional 449,857 shares during the last quarter. 75.51% of the stock is owned by hedge funds and other institutional investors.

Shares of CTL stock traded up $0.54 on Friday, reaching $11.10. The company had a trading volume of 592,895 shares, compared to its average volume of 12,530,458. The company has a current ratio of 0.60, a quick ratio of 0.71 and a debt-to-equity ratio of 2.53. The stock has a market cap of $12.52 billion, a PE ratio of 9.37, a PEG ratio of 0.99 and a beta of 0.85. The company has a 50-day moving average of $11.63 and a 200-day moving average of $11.90. Centurylink Inc has a 12 month low of $9.64 and a 12 month high of $24.20.



Centurylink (NYSE:CTL) last issued its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 business had revenue of $5.58 billion during the quarter, compared to analyst estimates of $5.59 billion. During the same period in the previous year, the firm earned $0.27 EPS. Centurylink’s quarterly revenue was down 5.4% compared to the same quarter last year. Sell-side analysts anticipate that Centurylink Inc will post 1.33 earnings per share for the current year.

In other Centurylink news, CFO Indraneel Dev acquired 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was acquired at an average cost of $9.81 per share, for a total transaction of $147,150.00. Following the transaction, the chief financial officer now owns 471,053 shares of the company’s stock, valued at $4,621,029.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey K. Storey acquired 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was acquired at an average price of $9.83 per share, with a total value of $491,500.00. Following the completion of the transaction, the chief executive officer now directly owns 3,240,001 shares in the company, valued at approximately $31,849,209.83. The disclosure for this purchase can be found here. Insiders purchased a total of 95,000 shares of company stock valued at $941,550 over the last quarter. 0.50% of the stock is owned by insiders.

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

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.

Further Reading: Hold Rating

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Institutional Ownership by Quarter for Centurylink (NYSE:CTL)

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