Stephens Inc. AR Buys 108,321 Shares of Centurylink Inc (NYSE:CTL)

Stephens Inc. AR raised its stake in shares of Centurylink Inc (NYSE:CTL) by 23.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 565,926 shares of the technology company’s stock after purchasing an additional 108,321 shares during the quarter. Stephens Inc. AR’s holdings in Centurylink were worth $6,655,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of CTL. Diversified Trust Co lifted its position in shares of Centurylink by 51.4% during the second quarter. Diversified Trust Co now owns 34,606 shares of the technology company’s stock worth $407,000 after purchasing an additional 11,748 shares during the last quarter. BTC Capital Management Inc. lifted its holdings in shares of Centurylink by 14.5% during the second quarter. BTC Capital Management Inc. now owns 203,548 shares of the technology company’s stock worth $2,392,000 after purchasing an additional 25,833 shares during the period. Allstate Corp lifted its holdings in shares of Centurylink by 71.6% during the first quarter. Allstate Corp now owns 38,123 shares of the technology company’s stock worth $457,000 after purchasing an additional 15,908 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in shares of Centurylink by 48.5% during the first quarter. Oppenheimer Asset Management Inc. now owns 3,482,962 shares of the technology company’s stock worth $41,761,000 after purchasing an additional 1,138,049 shares during the period. Finally, Kwmg LLC lifted its holdings in shares of Centurylink by 6.0% during the second quarter. Kwmg LLC now owns 194,528 shares of the technology company’s stock worth $2,288,000 after purchasing an additional 10,958 shares during the period. Institutional investors and hedge funds own 75.51% of the company’s stock.

A number of equities research analysts recently commented on the company. Guggenheim set a $10.00 target price on Centurylink and gave the stock a “hold” rating in a report on Wednesday, August 7th. Citigroup raised Centurylink from a “sell” rating to a “neutral” rating in a report on Thursday, May 9th. JPMorgan Chase & Co. downgraded Centurylink from a “neutral” rating to an “underweight” rating and set a $10.00 price target for the company. in a report on Thursday, August 8th. Raymond James raised Centurylink from an “underperform” rating to a “market perform” rating in a report on Thursday, August 8th. Finally, Wells Fargo & Co set a $14.00 price target on Centurylink and gave the company a “buy” rating in a report on Monday. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $15.73.

In other Centurylink news, insider William Bruce Hanks acquired 10,000 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was acquired at an average cost of $10.63 per share, for a total transaction of $106,300.00. Following the completion of the transaction, the insider now directly owns 92,172 shares of the company’s stock, valued at $979,788.36. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey K. Storey acquired 50,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was acquired at an average price of $9.83 per share, with a total value of $491,500.00. Following the completion of the transaction, the chief executive officer now directly owns 3,240,001 shares of the company’s stock, valued at $31,849,209.83. The disclosure for this purchase can be found here. Insiders bought 95,000 shares of company stock valued at $941,550 over the last 90 days. Company insiders own 0.50% of the company’s stock.

NYSE:CTL traded down $0.34 during trading hours on Thursday, reaching $10.95. The company had a trading volume of 211,965 shares, compared to its average volume of 12,442,137. Centurylink Inc has a 1-year low of $9.64 and a 1-year high of $24.20. The company has a market capitalization of $12.17 billion, a price-to-earnings ratio of 9.25, a PEG ratio of 0.96 and a beta of 0.85. The stock has a 50 day moving average price of $11.63. The company has a debt-to-equity ratio of 2.42, a quick ratio of 0.71 and a current ratio of 0.60.

Centurylink (NYSE:CTL) last posted its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.03. The business had revenue of $5.58 billion during the quarter, compared to analysts’ expectations of $5.59 billion. Centurylink had a positive return on equity of 8.30% and a negative net margin of 34.77%. The business’s revenue was down 5.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.27 earnings per share. On average, equities analysts anticipate that Centurylink Inc will post 1.33 earnings per share for the current year.

Centurylink Company Profile

CenturyLink, Inc provides various communications services to residential, business, wholesale, and governmental customers in the United States and internationally. The company operates in two segments, Business and Consumer. It offers VPN data network services; Ethernet services; Internet protocol (IP) services; facilities-based Prism TV service, as well as satellite digital television services; CDN services; and Vyvx broadcast services.

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Institutional Ownership by Quarter for Centurylink (NYSE:CTL)

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