Green Square Capital LLC Has $2.76 Million Stake in Centurylink Inc (CTL)
Green Square Capital LLC lifted its stake in shares of Centurylink Inc (NYSE:CTL) by 54.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 147,938 shares of the technology company’s stock after buying an additional 51,935 shares during the period. Green Square Capital LLC’s holdings in Centurylink were worth $2,758,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Baird Financial Group Inc. grew its holdings 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 worth $2,788,000 after purchasing an additional 2,524 shares in the last quarter. Vident Investment Advisory LLC grew its holdings 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 worth $287,000 after purchasing an additional 2,588 shares in the last quarter. OLD Point Trust & Financial Services N A grew its holdings in shares of Centurylink by 4.1% during the 2nd quarter. OLD Point Trust & Financial Services N A now owns 68,048 shares of the technology company’s stock worth $1,268,000 after purchasing an additional 2,700 shares in the last quarter. Cetera Advisors LLC grew its holdings in shares of Centurylink by 21.6% during the 1st quarter. Cetera Advisors LLC now owns 16,029 shares of the technology company’s stock worth $264,000 after purchasing an additional 2,849 shares in the last quarter. Finally, Profund Advisors LLC grew its holdings in shares of Centurylink by 10.3% during the 1st quarter. Profund Advisors LLC now owns 30,930 shares of the technology company’s stock worth $508,000 after purchasing an additional 2,901 shares in the last quarter. 76.98% of the stock is currently owned by institutional investors.
Centurylink stock opened at $23.16 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.60. The stock has a market capitalization of $24.58 billion, a price-to-earnings ratio of 15.62, a PEG ratio of -14.15 and a beta of 0.82. Centurylink Inc has a 12 month low of $13.16 and a 12 month high of $24.20.
The company also recently announced a quarterly dividend, which was paid on Friday, September 14th. Shareholders of record on Friday, August 31st were given a $0.54 dividend. The ex-dividend date of this dividend was Thursday, August 30th. This represents a $2.16 annualized dividend and a yield of 9.33%. Centurylink’s dividend payout ratio is presently 146.94%.
CTL has been the topic of several research analyst reports. Jefferies Financial Group raised Centurylink from a “hold” rating to a “buy” rating in a research note on Tuesday, June 26th. TheStreet raised Centurylink from a “c+” rating to a “b” rating in a research note on Friday, July 6th. Zacks Investment Research lowered Centurylink from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 24th. Bank of America set a $27.00 price objective on Centurylink and gave the company a “buy” rating in a research note on Wednesday, August 8th. Finally, Citigroup raised their price objective on Centurylink from $17.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, August 9th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. Centurylink currently has a consensus rating of “Hold” and a consensus target price of $21.18.
In other Centurylink news, Director Glen F. Post III sold 150,000 shares of the stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $24.00, for a total value of $3,600,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is currently owned by company insiders.
Centurylink Company Profile
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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