Centurylink Inc (CTL) Holdings Cut by Los Angeles Capital Management & Equity Research Inc.

Los Angeles Capital Management & Equity Research Inc. cut its position in Centurylink Inc (NYSE:CTL) by 28.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,117,470 shares of the technology company’s stock after selling 440,180 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned about 0.10% of Centurylink worth $23,690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund raised its position in shares of Centurylink by 1.2% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 204,271 shares of the technology company’s stock valued at $4,331,000 after buying an additional 2,465 shares in the last quarter. Baird Financial Group Inc. raised its position in shares of Centurylink by 1.7% during the 2nd quarter. Baird Financial Group Inc. now owns 149,578 shares of the technology company’s stock valued at $2,788,000 after buying an additional 2,524 shares in the last quarter. Raymond James Trust N.A. raised its position in shares of Centurylink by 9.2% during the 3rd quarter. Raymond James Trust N.A. now owns 30,396 shares of the technology company’s stock valued at $645,000 after buying an additional 2,567 shares in the last quarter. Vident Investment Advisory LLC raised its position in shares of Centurylink by 20.2% during the 2nd quarter. Vident Investment Advisory LLC now owns 15,408 shares of the technology company’s stock valued at $287,000 after buying an additional 2,588 shares in the last quarter. Finally, Usca Ria LLC raised its position in shares of Centurylink by 17.8% during the 3rd quarter. Usca Ria LLC now owns 17,215 shares of the technology company’s stock valued at $365,000 after buying an additional 2,600 shares in the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.

CTL stock opened at $21.08 on Friday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.98 and a current ratio of 0.98. Centurylink Inc has a 52 week low of $13.16 and a 52 week high of $24.20. The firm has a market cap of $22.86 billion, a P/E ratio of 14.34, a price-to-earnings-growth ratio of -13.16 and a beta of 0.76.

Centurylink (NYSE:CTL) last released its earnings results on Thursday, November 8th. The technology company reported $0.30 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30. Centurylink had a net margin of 7.62% and a return on equity of 4.50%. The company had revenue of $5.82 billion for the quarter, compared to analyst estimates of $5.88 billion. During the same quarter last year, the firm earned $0.42 EPS. The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. Research analysts expect that Centurylink Inc will post 1.07 earnings per share for the current year.

In related news, Director Glen F. Post III sold 150,000 shares of the stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $24.00, for a total transaction of $3,600,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.60% of the stock is currently owned by company insiders.

Several analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Centurylink from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. ValuEngine upgraded shares of Centurylink from a “hold” rating to a “buy” rating in a research report on Wednesday, August 15th. Cowen set a $20.00 price objective on shares of Centurylink and gave the company a “hold” rating in a research report on Tuesday, September 25th. Morgan Stanley raised their price objective on shares of Centurylink from $21.60 to $25.00 and gave the company an “overweight” rating in a research report on Wednesday, August 15th. Finally, Barclays restated a “hold” rating and set a $21.00 price objective on shares of Centurylink in a research report on Friday, August 10th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $21.12.

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About Centurylink

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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