IFM Investors Pty Ltd raised its holdings in Centurylink Inc (NYSE:CTL) by 10.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,752 shares of the technology company’s stock after buying an additional 5,116 shares during the quarter. IFM Investors Pty Ltd’s holdings in Centurylink were worth $845,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of CTL. NuWave Investment Management LLC lifted its stake in shares of Centurylink by 180.2% in the 4th quarter. NuWave Investment Management LLC now owns 4,208 shares of the technology company’s stock valued at $64,000 after purchasing an additional 2,706 shares in the last quarter. IMS Capital Management acquired a new position in Centurylink during the 3rd quarter worth approximately $68,000. Picton Mahoney Asset Management acquired a new position in Centurylink during the 3rd quarter worth approximately $106,000. Sanders Morris Harris LLC acquired a new position in Centurylink during the 4th quarter worth approximately $153,000. Finally, Paulson Wealth Management Inc. acquired a new position in Centurylink during the 4th quarter worth approximately $168,000. Institutional investors own 75.01% of the company’s stock.
Shares of NYSE CTL traded up $0.09 during trading on Friday, reaching $14.21. The stock had a trading volume of 11,191,859 shares, compared to its average volume of 14,612,454. Centurylink Inc has a one year low of $13.88 and a one year high of $24.20. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.57. The company has a market capitalization of $15.36 billion, a price-to-earnings ratio of 9.67, a price-to-earnings-growth ratio of -7.81 and a beta of 0.87.
In related news, major shareholder Holdings (Private) Ltd Temasek sold 16,000,000 shares of the company’s stock in a transaction on Wednesday, January 16th. The stock was sold at an average price of $15.90, for a total transaction of $254,400,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Scott Trezise sold 53,164 shares of the company’s stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $18.88, for a total value of $1,003,736.32. Following the transaction, the executive vice president now owns 187,867 shares of the company’s stock, valued at $3,546,928.96. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.
CTL has been the topic of several recent research reports. Citigroup lowered Centurylink from a “neutral” rating to a “sell” rating and set a $14.48 price target on the stock. in a research report on Tuesday, February 5th. Guggenheim lowered Centurylink from a “neutral” rating to a “sell” rating and set a $11.00 price target on the stock. in a research report on Thursday, January 24th. TheStreet lowered Centurylink from a “b-” rating to a “c+” rating in a research report on Friday, January 4th. Moffett Nathanson set a $16.00 price target on Centurylink and gave the stock a “sell” rating in a research report on Monday, November 19th. Finally, ValuEngine lowered Centurylink from a “buy” rating to a “hold” rating in a research report on Friday, November 23rd. Seven research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. Centurylink presently has an average rating of “Hold” and a consensus price target of $20.12.
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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