Menta Capital LLC boosted its position in CenturyLink, Inc. (NYSE:CTL) by 31.1% during the first quarter, Holdings Channel reports. The institutional investor owned 136,131 shares of the technology company’s stock after buying an additional 32,300 shares during the period. Menta Capital LLC’s holdings in CenturyLink were worth $3,209,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the company. Exane Derivatives increased its position in CenturyLink by 29.7% in the first quarter. Exane Derivatives now owns 5,209 shares of the technology company’s stock valued at $123,000 after buying an additional 1,194 shares during the period. Independent Advisor Alliance bought a new position in CenturyLink during the fourth quarter valued at about $142,000. Focused Wealth Management Inc increased its position in CenturyLink by 6.8% in the fourth quarter. Focused Wealth Management Inc now owns 6,308 shares of the technology company’s stock valued at $150,000 after buying an additional 400 shares during the period. Ledyard National Bank increased its position in CenturyLink by 7,467.0% in the first quarter. Ledyard National Bank now owns 7,340 shares of the technology company’s stock valued at $173,000 after buying an additional 7,243 shares during the period. Finally, State of Alaska Department of Revenue bought a new position in CenturyLink during the first quarter valued at about $200,000. Institutional investors and hedge funds own 77.45% of the company’s stock.
Shares of CenturyLink, Inc. (NYSE:CTL) traded down 2.88% on Tuesday, hitting $24.63. The stock had a trading volume of 12,821,541 shares. The stock has a market cap of $13.52 billion, a P/E ratio of 24.15 and a beta of 0.87. The firm has a 50 day moving average of $25.34 and a 200 day moving average of $24.68. CenturyLink, Inc. has a 12 month low of $22.33 and a 12 month high of $33.45.
CenturyLink (NYSE:CTL) last posted its earnings results on Wednesday, May 3rd. The technology company reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.01. The firm had revenue of $4.21 billion for the quarter, compared to analysts’ expectations of $4.27 billion. CenturyLink had a return on equity of 8.96% and a net margin of 3.20%. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.71 earnings per share. On average, equities analysts forecast that CenturyLink, Inc. will post $2.11 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 16th. Shareholders of record on Monday, June 5th were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Thursday, June 1st. This represents a $2.16 dividend on an annualized basis and a yield of 8.52%. CenturyLink’s payout ratio is 211.77%.
Several equities analysts have recently issued reports on CTL shares. Goldman Sachs Group, Inc. (The) restated a “sell” rating and set a $19.00 price objective on shares of CenturyLink in a report on Saturday, March 25th. Zacks Investment Research upgraded shares of CenturyLink from a “sell” rating to a “hold” rating in a report on Tuesday, April 11th. Bank of America Corporation reiterated a “buy” rating on shares of CenturyLink in a report on Tuesday, May 9th. Vetr upgraded shares of CenturyLink from a “hold” rating to a “buy” rating and set a $27.12 price target on the stock in a report on Monday, May 1st. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $27.00 price target on shares of CenturyLink in a report on Wednesday, March 29th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. CenturyLink currently has an average rating of “Hold” and a consensus price target of $26.24.
CenturyLink Company 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 business, 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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