Advisor Partners LLC acquired a new position in CenturyLink, Inc. (NYSE:CTL) during the second quarter, Holdings Channel reports. The fund acquired 13,706 shares of the technology company’s stock, valued at approximately $327,000.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of CenturyLink by 19.4% in the first quarter. Vanguard Group Inc. now owns 46,767,917 shares of the technology company’s stock worth $1,102,321,000 after buying an additional 7,600,609 shares in the last quarter. Wells Fargo & Company MN raised its position in CenturyLink by 150.5% in the first quarter. Wells Fargo & Company MN now owns 5,685,844 shares of the technology company’s stock worth $134,016,000 after buying an additional 3,415,959 shares during the last quarter. Thornburg Investment Management Inc. raised its position in CenturyLink by 107.8% in the first quarter. Thornburg Investment Management Inc. now owns 6,521,497 shares of the technology company’s stock worth $153,712,000 after buying an additional 3,383,155 shares during the last quarter. RidgeWorth Capital Management LLC raised its position in CenturyLink by 110.4% in the first quarter. RidgeWorth Capital Management LLC now owns 2,464,222 shares of the technology company’s stock worth $58,082,000 after buying an additional 1,293,150 shares during the last quarter. Finally, OppenheimerFunds Inc. raised its position in CenturyLink by 108.3% in the first quarter. OppenheimerFunds Inc. now owns 2,196,144 shares of the technology company’s stock worth $51,763,000 after buying an additional 1,142,040 shares during the last quarter. Institutional investors own 78.04% of the company’s stock.

CenturyLink, Inc. (NYSE CTL) opened at 21.68 on Friday. CenturyLink, Inc. has a one year low of $21.61 and a one year high of $33.45. The firm has a market capitalization of $11.92 billion, a price-to-earnings ratio of 31.42 and a beta of 0.87. The firm has a 50-day moving average price of $23.25 and a 200-day moving average price of $24.35. CenturyLink also was the target of unusually large options trading on Tuesday. Stock investors bought 20,516 call options on the company. This represents an increase of 363% compared to the typical daily volume of 4,432 call options.

CenturyLink (NYSE:CTL) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by $0.03. The business had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4.09 billion. CenturyLink had a return on equity of 8.43% and a net margin of 2.20%. The business’s revenue was down 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.63 earnings per share. Analysts expect that CenturyLink, Inc. will post $1.95 EPS for the current year.

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A number of research analysts recently weighed in on CTL shares. Bank of America Corporation reissued a “buy” rating on shares of CenturyLink in a report on Tuesday, May 9th. Vetr raised CenturyLink from a “hold” rating to a “buy” rating and set a $27.12 target price on the stock in a report on Monday, May 1st. Zacks Investment Research raised CenturyLink from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Wednesday, April 26th. UBS AG set a $29.00 target price on CenturyLink and gave the stock a “buy” rating in a report on Thursday, June 22nd. Finally, BidaskClub lowered CenturyLink from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. CenturyLink presently has an average rating of “Hold” and a consensus price target of $26.22.

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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Institutional Ownership by Quarter for CenturyLink (NYSE:CTL)

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