Lingohr & Partner Asset Management GmbH Trims Holdings in CenturyLink, Inc. (CTL)
Lingohr & Partner Asset Management GmbH trimmed its holdings in shares of CenturyLink, Inc. (NYSE:CTL) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,799 shares of the technology company’s stock after selling 200 shares during the quarter. Lingohr & Partner Asset Management GmbH’s holdings in CenturyLink were worth $1,457,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Endurance Wealth Management Inc. grew its holdings in CenturyLink by 18.5% during the 2nd quarter. Endurance Wealth Management Inc. now owns 4,650 shares of the technology company’s stock worth $111,000 after acquiring an additional 725 shares during the last quarter. FNY Managed Accounts LLC bought a new stake in shares of CenturyLink in the 1st quarter valued at $120,000. Exane Derivatives boosted its stake in shares of CenturyLink by 27.6% in the 2nd quarter. Exane Derivatives now owns 6,645 shares of the technology company’s stock valued at $159,000 after purchasing an additional 1,436 shares during the last quarter. First City Capital Management Inc. bought a new stake in shares of CenturyLink in the 1st quarter valued at $215,000. Finally, Greenleaf Trust bought a new stake in shares of CenturyLink in the 2nd quarter valued at $211,000. 83.02% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of CenturyLink, Inc. (NYSE:CTL) traded up 1.50% on Friday, reaching $18.98. 13,886,792 shares of the company traded hands. The stock has a market capitalization of $10.43 billion, a P/E ratio of 27.51 and a beta of 0.89. CenturyLink, Inc. has a one year low of $18.19 and a one year high of $33.45. The stock’s 50 day moving average price is $20.59 and its 200-day moving average price is $23.41.
CenturyLink (NYSE:CTL) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.03). The company 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 was down 7.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.63 EPS. Equities analysts forecast that CenturyLink, Inc. will post $1.94 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Tuesday, September 5th were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 11.38%. The ex-dividend date of this dividend was Thursday, August 31st. CenturyLink’s dividend payout ratio (DPR) is currently 313.04%.
A number of equities research analysts have recently commented on the stock. Cowen and Company reaffirmed a “neutral” rating on shares of CenturyLink in a research note on Monday, August 14th. Zacks Investment Research lowered shares of CenturyLink from a “hold” rating to a “strong sell” rating in a research note on Friday, August 25th. BidaskClub raised shares of CenturyLink from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $25.00 price objective on shares of CenturyLink in a research note on Thursday, May 25th. Finally, Barclays PLC reduced their price objective on shares of CenturyLink from $24.00 to $23.00 and set an “underweight” rating on the stock in a research note on Thursday, June 29th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $26.15.
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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