16,348 Shares in CenturyLink, Inc. (CTL) Acquired by Gamco Investors INC. ET AL
Gamco Investors INC. ET AL acquired a new stake in CenturyLink, Inc. (NYSE:CTL) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 16,348 shares of the technology company’s stock, valued at approximately $309,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tredje AP fonden lifted its stake in shares of CenturyLink by 47.1% in the 2nd quarter. Tredje AP fonden now owns 99,244 shares of the technology company’s stock valued at $2,370,000 after purchasing an additional 31,767 shares in the last quarter. Swiss National Bank lifted its stake in shares of CenturyLink by 0.5% in the 2nd quarter. Swiss National Bank now owns 1,902,241 shares of the technology company’s stock valued at $45,426,000 after purchasing an additional 9,400 shares in the last quarter. Synovus Financial Corp lifted its position in CenturyLink by 20.3% during the 2nd quarter. Synovus Financial Corp now owns 218,719 shares of the technology company’s stock worth $5,242,000 after acquiring an additional 36,937 shares in the last quarter. Front Street Capital Management Inc. lifted its position in CenturyLink by 94.2% during the 2nd quarter. Front Street Capital Management Inc. now owns 95,448 shares of the technology company’s stock worth $2,279,000 after acquiring an additional 46,305 shares in the last quarter. Finally, Fiduciary Management Inc. WI acquired a new position in CenturyLink during the 2nd quarter worth approximately $86,411,000. 81.74% of the stock is currently owned by institutional investors and hedge funds.
CTL has been the topic of several recent research reports. BidaskClub raised CenturyLink from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Cowen and Company reissued a “neutral” rating on shares of CenturyLink in a research report on Monday, August 14th. ValuEngine raised CenturyLink from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Morgan Stanley reduced their price target on CenturyLink from $27.00 to $26.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 23rd. Finally, Zacks Investment Research lowered CenturyLink from a “hold” rating to a “strong sell” rating in a research report on Friday, August 25th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $23.07.
CenturyLink, Inc. (CTL) opened at $14.78 on Thursday. The company has a market capitalization of $7,914.37, a price-to-earnings ratio of 7.42, a P/E/G ratio of -4.54 and a beta of 0.88. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.82 and a current ratio of 0.82. CenturyLink, Inc. has a 52 week low of $14.06 and a 52 week high of $27.61.
CenturyLink (NYSE:CTL) last issued its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.42 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.03). The company had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $4.06 billion. CenturyLink had a return on equity of 7.99% and a net margin of 1.89%. CenturyLink’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.56 earnings per share. analysts anticipate that CenturyLink, Inc. will post 1.59 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 27th will be given a dividend of $0.54 per share. The ex-dividend date is Friday, November 24th. This represents a $2.16 dividend on an annualized basis and a yield of 14.61%. CenturyLink’s dividend payout ratio (DPR) is presently 372.42%.
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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