New York State Teachers Retirement System trimmed its position in shares of CenturyLink (NYSE:CTL) by 1.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,574,444 shares of the technology company’s stock after selling 23,500 shares during the period. New York State Teachers Retirement System owned 0.15% of CenturyLink worth $25,868,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Bessemer Group Inc. boosted its stake in CenturyLink by 132.3% during the 4th quarter. Bessemer Group Inc. now owns 6,264 shares of the technology company’s stock valued at $104,000 after purchasing an additional 3,568 shares during the period. Citizens Financial Group Inc RI acquired a new position in CenturyLink during the 4th quarter valued at about $111,000. Bronfman E.L. Rothschild L.P. lifted its stake in shares of CenturyLink by 250.8% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 6,753 shares of the technology company’s stock worth $113,000 after acquiring an additional 4,828 shares during the period. Balter Liquid Alternatives LLC acquired a new stake in shares of CenturyLink in the 4th quarter worth approximately $148,000. Finally, Kovack Advisors Inc. acquired a new stake in shares of CenturyLink in the 4th quarter worth approximately $170,000. 86.33% of the stock is owned by hedge funds and other institutional investors.
NYSE CTL opened at $18.48 on Tuesday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.86 and a current ratio of 0.86. CenturyLink has a 12 month low of $13.16 and a 12 month high of $27.61. The company has a market capitalization of $19.78 billion, a P/E ratio of 12.57, a price-to-earnings-growth ratio of -13.90 and a beta of 0.76.
CenturyLink (NYSE:CTL) last released its earnings results on Wednesday, February 14th. The technology company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.14). CenturyLink had a return on equity of 5.88% and a net margin of 7.87%. The business had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.69 billion. During the same quarter in the previous year, the firm earned $0.54 earnings per share. research analysts expect that CenturyLink will post 0.89 EPS for the current fiscal year.
In other CenturyLink news, major shareholder Holdings (Private) Ltd Temasek bought 7,620,118 shares of the company’s stock in a transaction that occurred on Wednesday, April 4th. The shares were acquired at an average cost of $16.72 per share, for a total transaction of $127,408,372.96. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.60% of the stock is owned by insiders.
A number of brokerages have recently weighed in on CTL. ValuEngine lowered shares of CenturyLink from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Guggenheim began coverage on shares of CenturyLink in a research note on Tuesday, March 13th. They issued a “neutral” rating and a $17.00 price target for the company. Zacks Investment Research raised shares of CenturyLink from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Oppenheimer reaffirmed a “buy” rating and issued a $20.00 price target on shares of CenturyLink in a research note on Tuesday, January 9th. Finally, Barclays reaffirmed a “hold” rating and issued a $17.00 price target on shares of CenturyLink in a research note on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $21.65.
CenturyLink Company Profile
CenturyLink, Inc provides various communications services to residential, business, wholesale, and governmental customers primarily in the United States. It operates in two segments, Business and Consumer. The company offers virtual private network data network services; Ethernet services; Internet protocol services; CenturyLink Prism TV that allows customers to watch television or cable channels and record up to four shows on one home digital video recorder; and Vyvx, which provides audio and video feeds over fiber or satellite for broadcast and production customers, as well as satellite digital television services.
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