Rational Advisors LLC Decreases Position in CenturyLink, Inc. (NYSE:CTL)
Rational Advisors LLC lowered its stake in shares of CenturyLink, Inc. (NYSE:CTL) by 51.7% during the second quarter, Holdings Channel reports. The firm owned 97,100 shares of the technology company’s stock after selling 103,900 shares during the period. CenturyLink makes up 1.4% of Rational Advisors LLC’s portfolio, making the stock its 10th largest position. Rational Advisors LLC’s holdings in CenturyLink were worth $2,318,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Endurance Wealth Management Inc. increased its position in shares of CenturyLink by 18.5% in the second quarter. Endurance Wealth Management Inc. now owns 4,650 shares of the technology company’s stock valued at $111,000 after buying an additional 725 shares during the period. FNY Managed Accounts LLC acquired a new stake in CenturyLink during the first quarter valued at $120,000. Exane Derivatives boosted its stake 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 in the last quarter. Ledyard National Bank boosted its stake 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 in the last quarter. Finally, State of Alaska Department of Revenue acquired a new stake in CenturyLink during the first quarter valued at $200,000. Institutional investors own 78.04% of the company’s stock.
CenturyLink, Inc. (NYSE:CTL) opened at 21.66 on Friday. CenturyLink, Inc. has a 12 month low of $21.56 and a 12 month high of $33.45. The company has a market capitalization of $11.90 billion, a PE ratio of 31.39 and a beta of 0.87. The company has a 50-day moving average price of $23.18 and a 200 day moving average price of $24.32.
CenturyLink (NYSE:CTL) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The firm had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.09 billion. CenturyLink had a net margin of 2.20% and a return on equity of 8.43%. The business’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.63 earnings per share. On average, equities research analysts forecast that CenturyLink, Inc. will post $1.95 EPS for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: “Rational Advisors LLC Decreases Position in CenturyLink, Inc. (NYSE:CTL)” was first posted by Daily Political and is owned by of Daily Political. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this story can be read at https://www.dailypolitical.com/2017/08/13/rational-advisors-llc-decreases-position-in-centurylink-inc-nysectl.html.
Several research firms have recently weighed in on CTL. UBS AG set a $29.00 price objective on CenturyLink and gave the company a “buy” rating in a research report on Thursday, June 22nd. BidaskClub cut CenturyLink from a “hold” rating to a “sell” rating in a research report on Friday. Royal Bank Of Canada reissued a “hold” rating and issued a $25.00 price objective on shares of CenturyLink in a research report on Thursday, May 25th. ValuEngine cut CenturyLink from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Cowen and Company set a $25.00 price objective on CenturyLink and gave the company a “market perform” rating in a research report on Thursday, May 4th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. CenturyLink currently has a consensus rating of “Hold” and a consensus target price of $26.22.
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.
Want to see what other hedge funds are holding CTL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CenturyLink, Inc. (NYSE:CTL).
Receive News & Ratings for CenturyLink Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CenturyLink Inc. and related companies with MarketBeat.com's FREE daily email newsletter.