Jolley Asset Management LLC increased its holdings in Centurylink Inc (NYSE:CTL) by 25.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,250 shares of the technology company’s stock after buying an additional 6,200 shares during the quarter. Jolley Asset Management LLC’s holdings in Centurylink were worth $641,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Centurylink by 16,940.6% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,453 shares of the technology company’s stock valued at $102,000 after purchasing an additional 5,421 shares in the last quarter. Rehmann Capital Advisory Group lifted its holdings in Centurylink by 210.7% during the second quarter. Rehmann Capital Advisory Group now owns 5,873 shares of the technology company’s stock valued at $109,000 after purchasing an additional 3,983 shares in the last quarter. Baker Ellis Asset Management LLC purchased a new position in Centurylink during the second quarter valued at approximately $110,000. AdvisorNet Financial Inc lifted its holdings in Centurylink by 118.4% during the second quarter. AdvisorNet Financial Inc now owns 6,422 shares of the technology company’s stock valued at $120,000 after purchasing an additional 3,482 shares in the last quarter. Finally, Private Capital Group LLC lifted its holdings in Centurylink by 295.1% during the first quarter. Private Capital Group LLC now owns 8,783 shares of the technology company’s stock valued at $144,000 after purchasing an additional 6,560 shares in the last quarter. 77.01% of the stock is currently owned by institutional investors.

Several equities analysts have weighed in on CTL shares. Jefferies Financial Group raised shares of Centurylink from a “hold” rating to a “buy” rating in a report on Tuesday, June 26th. TheStreet raised shares of Centurylink from a “c+” rating to a “b” rating in a report on Friday, July 6th. Zacks Investment Research downgraded shares of Centurylink from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 24th. Bank of America set a $27.00 price target on shares of Centurylink and gave the company a “buy” rating in a report on Wednesday, August 8th. Finally, Citigroup lifted their price target on shares of Centurylink from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, August 9th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. Centurylink has a consensus rating of “Hold” and a consensus target price of $21.33.

Shares of Centurylink stock traded down $0.12 on Thursday, hitting $21.03. 365,411 shares of the company traded hands, compared to its average volume of 10,708,713. The stock has a market cap of $22.91 billion, a P/E ratio of 14.35, a PEG ratio of -13.19 and a beta of 0.86. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.98 and a quick ratio of 0.98. Centurylink Inc has a 52 week low of $13.16 and a 52 week high of $24.20.

Centurylink (NYSE:CTL) last released its quarterly earnings data on Wednesday, August 8th. The technology company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.03. The firm had revenue of $5.90 billion for the quarter, compared to analysts’ expectations of $5.92 billion. Centurylink had a net margin of 7.62% and a return on equity of 4.50%. The company’s revenue for the quarter was up 44.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 earnings per share. As a group, equities analysts expect that Centurylink Inc will post 1.07 EPS for the current year.

In other news, Director Glen F. Post III sold 150,000 shares of Centurylink stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $24.00, for a total transaction of $3,600,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.60% of the company’s stock.

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.

Further Reading: How are Outstanding Shares Different from Authorized Shares?

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Institutional Ownership by Quarter for Centurylink (NYSE:CTL)

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