Raymond James Trust N.A. Sells 3,820 Shares of Centurylink Inc (CTL)

Raymond James Trust N.A. decreased its position in shares of Centurylink Inc (NYSE:CTL) by 14.8% during the 4th quarter, HoldingsChannel reports. The fund owned 21,983 shares of the technology company’s stock after selling 3,820 shares during the period. Raymond James Trust N.A.’s holdings in Centurylink were worth $367,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sentry Investment Management LLC raised its position in Centurylink by 0.5% during the 2nd quarter. Sentry Investment Management LLC now owns 37,917 shares of the technology company’s stock worth $905,000 after purchasing an additional 174 shares during the last quarter. Thrivent Financial For Lutherans raised its position in shares of Centurylink by 3.3% in the 2nd quarter. Thrivent Financial For Lutherans now owns 20,855 shares of the technology company’s stock worth $498,000 after acquiring an additional 663 shares in the last quarter. Cornerstone Capital Management Holdings LLC. raised its position in shares of Centurylink by 1.3% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 94,774 shares of the technology company’s stock worth $2,262,000 after acquiring an additional 1,218 shares in the last quarter. Caxton Associates LP raised its position in shares of Centurylink by 9.6% in the 2nd quarter. Caxton Associates LP now owns 14,800 shares of the technology company’s stock worth $353,000 after acquiring an additional 1,300 shares in the last quarter. Finally, Advisory Services Network LLC raised its position in shares of Centurylink by 12.8% in the 2nd quarter. Advisory Services Network LLC now owns 22,408 shares of the technology company’s stock worth $535,000 after acquiring an additional 2,538 shares in the last quarter. 42.38% of the stock is currently owned by institutional investors.

Several research analysts have recently weighed in on CTL shares. Zacks Investment Research raised Centurylink from a “sell” rating to a “hold” rating in a research report on Friday, October 13th. ValuEngine raised Centurylink from a “hold” rating to a “buy” rating in a research report on Tuesday, October 17th. Cowen reissued a “hold” rating and issued a $24.00 price objective on shares of Centurylink in a research report on Thursday, October 19th. SunTrust Banks reissued a “hold” rating and issued a $25.00 price objective on shares of Centurylink in a research report on Wednesday, November 1st. Finally, Deutsche Bank reissued a “hold” rating and issued a $16.00 price objective on shares of Centurylink in a research report on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Centurylink has an average rating of “Hold” and a consensus target price of $22.37.

Shares of Centurylink Inc (CTL) opened at $16.20 on Friday. Centurylink Inc has a 12-month low of $13.16 and a 12-month high of $27.61. The company has a market capitalization of $18,237.19, a PE ratio of 8.79, a P/E/G ratio of -7.43 and a beta of 0.82. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.82 and a quick ratio of 0.82.

Centurylink (NYSE:CTL) last released its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.03). The company had revenue of $4.03 billion for the quarter, compared to analyst estimates of $4.06 billion. Centurylink had a net margin of 1.89% and a return on equity of 7.99%. Centurylink’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.56 EPS. equities analysts anticipate that Centurylink Inc will post 1.56 earnings per share for the current fiscal year.

In related news, COO Jeffrey K. Storey purchased 71,000 shares of the business’s stock in a transaction on Friday, December 8th. The stock was acquired at an average price of $14.30 per share, for a total transaction of $1,015,300.00. Following the purchase, the chief operating officer now owns 2,498,668 shares of the company’s stock, valued at $35,730,952.40. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Virginia Boulet purchased 5,095 shares of the business’s stock in a transaction on Monday, December 11th. The shares were bought at an average price of $15.48 per share, with a total value of $78,870.60. Following the purchase, the director now directly owns 42,820 shares in the company, valued at approximately $662,853.60. The disclosure for this purchase can be found here. Insiders have acquired a total of 150,595 shares of company stock valued at $2,154,131 in the last quarter. Company insiders own 0.61% of the company’s stock.

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About Centurylink

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 Enterprise, 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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Institutional Ownership by Quarter for Centurylink (NYSE:CTL)

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