Trust Asset Management LLC continued to hold its stake in CenturyLink, Inc. (NYSE:CTL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,431 shares of the technology company’s stock at the end of the second quarter. Trust Asset Management LLC’s holdings in CenturyLink were worth $106,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans increased its position in shares of CenturyLink by 5.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 19,062 shares of the technology company’s stock valued at $454,000 after buying an additional 1,067 shares during the period. Vident Investment Advisory LLC increased its position in CenturyLink by 1.8% in the fourth quarter. Vident Investment Advisory LLC now owns 79,687 shares of the technology company’s stock valued at $1,895,000 after buying an additional 1,409 shares during the last quarter. Quadrature Capital Ltd bought a new position in CenturyLink during the fourth quarter valued at about $3,570,000. UBS Asset Management Americas Inc. raised its stake in shares of CenturyLink by 10.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 2,036,768 shares of the technology company’s stock valued at $48,434,000 after buying an additional 185,251 shares during the period. Finally, M Holdings Securities Inc. raised its stake in shares of CenturyLink by 72.3% in the fourth quarter. M Holdings Securities Inc. now owns 14,100 shares of the technology company’s stock valued at $335,000 after buying an additional 5,918 shares during the period. 78.04% of the stock is owned by institutional investors and hedge funds.
Shares of CenturyLink, Inc. (CTL) traded down 0.09% during trading on Friday, hitting $21.66. 6,811,316 shares of the stock traded hands. The stock has a market cap of $11.90 billion, a price-to-earnings ratio of 31.39 and a beta of 0.87. CenturyLink, Inc. has a 1-year low of $21.56 and a 1-year high of $33.45. The stock has a 50 day moving average price of $23.18 and a 200-day moving average price of $24.32. CenturyLink also was the recipient of some unusual options trading on Tuesday. Traders acquired 20,516 call options on the company. This is an increase of 363% compared to the typical daily volume of 4,432 call options.
CenturyLink (NYSE:CTL) last posted its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by $0.03. CenturyLink had a return on equity of 8.43% and a net margin of 2.20%. The business had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same period in the prior year, the firm posted $0.63 earnings per share. The firm’s revenue for the quarter was down 7.0% on a year-over-year basis. Equities analysts forecast that CenturyLink, Inc. will post $1.95 EPS for the current year.
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Several analysts have recently weighed in on the stock. UBS AG set a $29.00 target price on shares of CenturyLink and gave the company a “buy” rating in a research report on Thursday, June 22nd. Jefferies Group LLC reduced their target price on shares of CenturyLink from $26.00 to $23.00 and set a “hold” rating on the stock in a research report on Thursday, May 4th. BidaskClub lowered shares of CenturyLink from a “hold” rating to a “sell” rating in a research report on Friday. Bank of America Corporation reiterated a “buy” rating on shares of CenturyLink in a research report on Tuesday, May 9th. Finally, Cowen and Company set a $25.00 price target on shares of CenturyLink and gave the stock a “market perform” rating in a research note on Thursday, May 4th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. CenturyLink has a consensus rating of “Hold” and a consensus target price of $26.22.
CenturyLink, Inc is an integrated communications company. The Company is engaged in providing an array of communications services to its residential and business customers. Its segments include business, which provides strategic, legacy and data integration products and services to small, medium and enterprise business, wholesale and governmental customers, including other communication providers, and consumer, which provides strategic and legacy products and services to residential customers.
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