SeaCrest Wealth Management LLC Takes $251,000 Position in Centurylink Inc (CTL)

SeaCrest Wealth Management LLC bought a new position in shares of Centurylink Inc (NYSE:CTL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 15,032 shares of the technology company’s stock, valued at approximately $251,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Dimensional Fund Advisors LP raised its position in shares of Centurylink by 6.2% during the third quarter. Dimensional Fund Advisors LP now owns 10,289,893 shares of the technology company’s stock worth $194,498,000 after purchasing an additional 600,462 shares during the period. Epoch Investment Partners Inc. raised its position in shares of Centurylink by 11.0% during the third quarter. Epoch Investment Partners Inc. now owns 5,521,373 shares of the technology company’s stock worth $104,354,000 after purchasing an additional 546,435 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of Centurylink by 61.5% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 4,358,192 shares of the technology company’s stock worth $72,695,000 after purchasing an additional 1,658,861 shares during the period. Beck Mack & Oliver LLC raised its position in shares of Centurylink by 352.4% during the fourth quarter. Beck Mack & Oliver LLC now owns 4,265,697 shares of the technology company’s stock worth $71,152,000 after purchasing an additional 3,322,807 shares during the period. Finally, Legal & General Group Plc raised its position in shares of Centurylink by 4.3% during the third quarter. Legal & General Group Plc now owns 4,120,750 shares of the technology company’s stock worth $77,891,000 after purchasing an additional 171,620 shares during the period. Hedge funds and other institutional investors own 42.38% of the company’s stock.

CTL has been the topic of a number of research analyst reports. ValuEngine raised Centurylink from a “hold” rating to a “buy” rating in a research report on Tuesday, October 17th. Cowen reaffirmed a “hold” rating and set a $24.00 price target on shares of Centurylink in a research report on Thursday, October 19th. SunTrust Banks reaffirmed a “hold” rating and set a $25.00 price target on shares of Centurylink in a research report on Wednesday, November 1st. Deutsche Bank reaffirmed a “hold” rating and set a $16.00 price target on shares of Centurylink in a research report on Thursday, November 9th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $26.00 price target 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 issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $22.37.

In related news, Director Virginia Boulet purchased 5,095 shares of the stock in a transaction on Monday, December 11th. The shares were purchased at an average price of $15.48 per share, with a total value of $78,870.60. Following the transaction, the director now directly owns 42,820 shares of the company’s stock, valued at $662,853.60. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Glen F. Post III purchased 50,000 shares of the stock in a transaction on Friday, December 8th. The shares were bought at an average cost of $14.17 per share, for a total transaction of $708,500.00. The disclosure for this purchase can be found here. In the last three months, insiders purchased 150,595 shares of company stock worth $2,154,131. 0.61% of the stock is owned by insiders.

Shares of Centurylink Inc (NYSE CTL) opened at $15.98 on Friday. Centurylink Inc has a 1 year low of $13.16 and a 1 year high of $27.61. The stock has a market capitalization of $17,082.67, a P/E ratio of 8.24, a P/E/G ratio of -6.96 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 announced its earnings results on Wednesday, November 8th. The technology company reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.03). Centurylink had a net margin of 1.89% and a return on equity of 7.99%. The firm had revenue of $4.03 billion during the quarter, compared to analyst estimates of $4.06 billion. During the same period in the prior year, the business posted $0.56 EPS. The firm’s quarterly revenue was down 7.9% compared to the same quarter last year. equities analysts expect that Centurylink Inc will post 1.56 earnings per share for the current year.

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Centurylink Profile

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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