Centurylink Inc (NYSE:CTL) Shares Purchased by Stephens Inc. AR

Stephens Inc. AR lifted its position in Centurylink Inc (NYSE:CTL) by 9.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 618,350 shares of the technology company’s stock after acquiring an additional 52,424 shares during the period. Stephens Inc. AR owned 0.06% of Centurylink worth $7,717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CTL. Farmers & Merchants Investments Inc. grew its position in Centurylink by 54.9% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 2,823 shares of the technology company’s stock worth $35,000 after purchasing an additional 1,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Centurylink by 30.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 310,198 shares of the technology company’s stock worth $3,871,000 after purchasing an additional 71,554 shares during the period. BTC Capital Management Inc. grew its position in Centurylink by 17.6% during the 3rd quarter. BTC Capital Management Inc. now owns 239,368 shares of the technology company’s stock worth $2,985,000 after purchasing an additional 35,820 shares during the period. Vanguard Capital Wealth Advisors acquired a new stake in Centurylink during the 3rd quarter worth about $198,000. Finally, Zeke Capital Advisors LLC grew its position in Centurylink by 257.6% during the 3rd quarter. Zeke Capital Advisors LLC now owns 53,769 shares of the technology company’s stock worth $671,000 after purchasing an additional 38,732 shares during the period. 73.27% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Centurylink stock opened at $12.65 on Monday. The firm has a market capitalization of $13.79 billion, a PE ratio of 10.63, a P/E/G ratio of 0.86 and a beta of 0.85. Centurylink Inc has a twelve month low of $9.64 and a twelve month high of $22.08. The firm’s 50-day moving average price is $12.10 and its 200 day moving average price is $11.56. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 2.53.

Centurylink (NYSE:CTL) last released its earnings results on Wednesday, August 7th. The technology company reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.03. Centurylink had a negative net margin of 34.77% and a positive return on equity of 8.30%. The business had revenue of $5.58 billion for the quarter, compared to analyst estimates of $5.59 billion. During the same period last year, the company posted $0.27 EPS. The business’s revenue was down 5.4% on a year-over-year basis. On average, sell-side analysts predict that Centurylink Inc will post 1.35 EPS for the current fiscal year.

CTL has been the topic of several analyst reports. ValuEngine raised Centurylink from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Raymond James upgraded Centurylink from an “underperform” rating to a “market perform” rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. restated a “buy” rating on shares of Centurylink in a research report on Friday, September 13th. Wells Fargo & Co set a $14.00 target price on Centurylink and gave the company a “buy” rating in a research report on Monday, August 12th. Finally, Guggenheim set a $10.00 target price on Centurylink and gave the company a “hold” rating in a research report on Friday, September 27th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. Centurylink currently has an average rating of “Hold” and a consensus target price of $14.59.

About Centurylink

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.

Recommended Story: Quiet Period Expirations Explained

Institutional Ownership by Quarter for Centurylink (NYSE:CTL)

Receive News & Ratings for Centurylink Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centurylink and related companies with MarketBeat.com's FREE daily email newsletter.