Hosking Partners LLP decreased its holdings in shares of Centurylink Inc (NYSE:CTL) by 0.5% in the 1st quarter, HoldingsChannel reports. The firm owned 928,103 shares of the technology company’s stock after selling 4,794 shares during the period. Hosking Partners LLP’s holdings in Centurylink were worth $11,128,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Thrivent Financial for Lutherans boosted its stake in Centurylink by 1.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 42,911 shares of the technology company’s stock worth $650,000 after buying an additional 757 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in Centurylink by 34.6% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 3,513 shares of the technology company’s stock valued at $53,000 after purchasing an additional 904 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in Centurylink by 0.7% in the first quarter. Crossmark Global Holdings Inc. now owns 140,428 shares of the technology company’s stock valued at $1,684,000 after purchasing an additional 910 shares during the last quarter. Kovack Advisors Inc. lifted its position in Centurylink by 8.3% in the fourth quarter. Kovack Advisors Inc. now owns 12,049 shares of the technology company’s stock valued at $183,000 after purchasing an additional 927 shares during the last quarter. Finally, Securian Asset Management Inc lifted its position in Centurylink by 1.0% in the first quarter. Securian Asset Management Inc now owns 97,237 shares of the technology company’s stock valued at $1,166,000 after purchasing an additional 987 shares during the last quarter. 75.52% of the stock is owned by institutional investors.

CTL has been the subject of several recent research reports. Citigroup downgraded Centurylink from a “neutral” rating to a “sell” rating and set a $14.48 price objective for the company. in a research report on Tuesday, February 5th. Guggenheim downgraded Centurylink from a “neutral” rating to a “sell” rating and set a $11.00 price objective for the company. in a research report on Thursday, January 24th. Bank of America downgraded Centurylink from a “buy” rating to a “neutral” rating and set a $14.00 price objective for the company. in a research report on Tuesday, February 26th. Moffett Nathanson upgraded Centurylink from a “sell” rating to a “neutral” rating and lowered their price objective for the company from $16.00 to $12.00 in a research report on Tuesday, February 19th. Finally, ValuEngine downgraded Centurylink from a “sell” rating to a “strong sell” rating in a research report on Thursday, February 14th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. Centurylink presently has an average rating of “Hold” and an average target price of $16.65.

In other news, Chairman Harvey P. Perry purchased 10,000 shares of Centurylink stock in a transaction that occurred on Wednesday, May 15th. The shares were bought at an average cost of $10.92 per share, with a total value of $109,200.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven T. Clontz purchased 37,000 shares of Centurylink stock in a transaction that occurred on Friday, May 10th. The stock was purchased at an average cost of $10.93 per share, for a total transaction of $404,410.00. Following the completion of the purchase, the director now owns 227,334 shares of the company’s stock, valued at $2,484,760.62. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 190,000 shares of company stock valued at $2,212,330. 0.50% of the stock is owned by corporate insiders.

Shares of Centurylink stock opened at $10.13 on Tuesday. The company has a quick ratio of 0.69, a current ratio of 0.71 and a debt-to-equity ratio of 2.68. The company has a market cap of $11.41 billion, a P/E ratio of 8.51, a price-to-earnings-growth ratio of 0.65 and a beta of 0.74. Centurylink Inc has a 52 week low of $10.06 and a 52 week high of $24.20.

Centurylink (NYSE:CTL) last announced its earnings results on Wednesday, May 8th. The technology company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.07. The company had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.71 billion. Centurylink had a positive return on equity of 6.89% and a negative net margin of 34.62%. The firm’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 earnings per share. On average, equities analysts predict that Centurylink Inc will post 1.29 earnings per share for the current fiscal year.

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Centurylink Profile

CenturyLink, Inc provides various communications services to residential, business, wholesale, and governmental customers in the United States and internationally. The company operates in two segments, Business and Consumer. It offers VPN data network services; Ethernet services; Internet protocol (IP) services; facilities-based Prism TV service, as well as satellite digital television services; CDN services; and Vyvx broadcast services.

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Institutional Ownership by Quarter for Centurylink (NYSE:CTL)

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