Robeco Institutional Asset Management B.V. reduced its stake in shares of Centurylink Inc (NYSE:CTL) by 88.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 40,824 shares of the technology company’s stock after selling 302,075 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Centurylink were worth $681,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fieldpoint Private Securities LLC acquired a new stake in Centurylink during the 3rd quarter worth about $115,000. Patriot Financial Group Insurance Agency LLC grew its position in Centurylink by 178.6% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 6,684 shares of the technology company’s stock worth $134,000 after purchasing an additional 4,285 shares during the period. Blue Granite Capital LLC acquired a new stake in Centurylink during the 3rd quarter worth about $136,000. Barrow Hanley Mewhinney & Strauss LLC grew its position in Centurylink by 10,329.0% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,196 shares of the technology company’s stock worth $136,000 after purchasing an additional 7,127 shares during the period. Finally, Tower Research Capital LLC TRC acquired a new stake in Centurylink during the 2nd quarter worth about $197,000. 42.38% of the stock is currently owned by institutional investors.

CTL has been the topic of a number of analyst reports. Zacks Investment Research upgraded Centurylink from a “sell” rating to a “hold” rating in a research report on Friday, October 13th. ValuEngine upgraded Centurylink from a “hold” rating to a “buy” rating in a research report on Tuesday, October 17th. Cowen restated a “hold” rating and set a $24.00 target price on shares of Centurylink in a research report on Thursday, October 19th. SunTrust Banks restated a “hold” rating and set a $25.00 target price on shares of Centurylink in a research report on Wednesday, November 1st. Finally, Deutsche Bank restated a “hold” rating and set a $16.00 target price on shares of Centurylink in a research report on Thursday, November 9th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $22.37.

In related news, Vice Chairman William Bruce Hanks purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were purchased at an average cost of $14.41 per share, with a total value of $144,100.00. Following the purchase, the insider now owns 58,722 shares of the company’s stock, valued at approximately $846,184.02. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jeffrey K. Storey purchased 71,000 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The stock was bought at an average cost of $14.30 per share, for a total transaction of $1,015,300.00. Following the completion of the purchase, the chief operating officer now directly owns 2,498,668 shares in the company, valued at approximately $35,730,952.40. The disclosure for this purchase can be found here. Insiders purchased a total of 150,595 shares of company stock worth $2,154,131 over the last ninety days. 0.61% of the stock is currently owned by corporate insiders.

Centurylink Inc (CTL) opened at $17.06 on Thursday. The firm has a market cap of $18,247.88, a PE ratio of 8.80, a P/E/G ratio of -7.44 and a beta of 0.82. Centurylink Inc has a 12 month low of $13.16 and a 12 month high of $27.61. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.92.

Centurylink (NYSE:CTL) last issued its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.03). The company had revenue of $4.03 billion during the quarter, compared to analysts’ expectations of $4.06 billion. Centurylink had a net margin of 1.89% and a return on equity of 7.99%. The company’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.56 earnings per share. equities analysts anticipate that Centurylink Inc will post 1.56 earnings per share for the current fiscal year.

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Centurylink 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 Enterprise, 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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Institutional Ownership by Quarter for Centurylink (NYSE:CTL)

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