Sheaff Brock Investment Advisors LLC Purchases 1,262 Shares of Centurylink Inc (CTL)

Sheaff Brock Investment Advisors LLC lifted its stake in Centurylink Inc (NYSE:CTL) by 5.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,714 shares of the technology company’s stock after buying an additional 1,262 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Centurylink were worth $344,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Moody National Bank Trust Division grew its position in Centurylink by 3.5% during the 4th quarter. Moody National Bank Trust Division now owns 23,572 shares of the technology company’s stock worth $357,000 after purchasing an additional 797 shares during the last quarter. Federated Investors Inc. PA grew its position in Centurylink by 6.3% during the 3rd quarter. Federated Investors Inc. PA now owns 17,630 shares of the technology company’s stock worth $374,000 after purchasing an additional 1,050 shares during the last quarter. SOL Capital Management CO grew its position in Centurylink by 4.8% during the 4th quarter. SOL Capital Management CO now owns 41,782 shares of the technology company’s stock worth $633,000 after purchasing an additional 1,900 shares during the last quarter. Rehmann Capital Advisory Group grew its position in Centurylink by 41.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 8,301 shares of the technology company’s stock worth $176,000 after purchasing an additional 2,428 shares during the last quarter. Finally, Thomasville National Bank grew its position in Centurylink by 5.6% during the 4th quarter. Thomasville National Bank now owns 46,265 shares of the technology company’s stock worth $701,000 after purchasing an additional 2,440 shares during the last quarter. 75.53% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE CTL opened at $14.70 on Thursday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.57. Centurylink Inc has a 52 week low of $13.88 and a 52 week high of $24.20. The stock has a market capitalization of $15.25 billion, a P/E ratio of 10.00, a P/E/G ratio of -7.81 and a beta of 0.87.

In related news, EVP Scott Trezise sold 53,164 shares of the firm’s stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $18.88, for a total value of $1,003,736.32. Following the completion of the sale, the executive vice president now owns 187,867 shares in the company, valued at $3,546,928.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven T. Clontz acquired 8,207 shares of Centurylink stock in a transaction that occurred on Tuesday, December 11th. The stock was bought at an average price of $17.20 per share, with a total value of $141,160.40. Following the purchase, the director now directly owns 178,970 shares of the company’s stock, valued at $3,078,284. The disclosure for this purchase can be found here. 0.60% of the stock is owned by company insiders.

Several research analysts have issued reports on CTL shares. Citigroup downgraded shares of Centurylink from a “neutral” rating to a “sell” rating and set a $14.48 price objective on the stock. in a research report on Tuesday, February 5th. Guggenheim downgraded shares of Centurylink from a “neutral” rating to a “sell” rating and set a $11.00 price objective on the stock. in a research report on Thursday, January 24th. TheStreet cut shares of Centurylink from a “b-” rating to a “c+” rating in a research note on Friday, January 4th. Moffett Nathanson set a $16.00 target price on shares of Centurylink and gave the stock a “sell” rating in a research note on Monday, November 19th. Finally, ValuEngine cut shares of Centurylink from a “buy” rating to a “hold” rating in a research note on Friday, November 23rd. Seven analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $20.12.

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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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Institutional Ownership by Quarter for Centurylink (NYSE:CTL)

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