CenturyLink, Inc. (NYSE:CTL) Position Held by Gargoyle Investment Advisor L.L.C.
Gargoyle Investment Advisor L.L.C. continued to hold its stake in shares of CenturyLink, Inc. (NYSE:CTL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,917 shares of the technology company’s stock at the end of the second quarter. Gargoyle Investment Advisor L.L.C.’s holdings in CenturyLink were worth $547,000 as of its most recent filing with the SEC.
A number of other hedge funds have also modified their holdings of CTL. Endurance Wealth Management Inc. raised its stake in shares of CenturyLink by 18.5% in the second quarter. Endurance Wealth Management Inc. now owns 4,650 shares of the technology company’s stock worth $111,000 after buying an additional 725 shares during the period. FNY Managed Accounts LLC acquired a new stake in shares of CenturyLink during the first quarter worth about $120,000. Exane Derivatives raised its stake in shares of CenturyLink by 29.7% in the first quarter. Exane Derivatives now owns 5,209 shares of the technology company’s stock worth $123,000 after buying an additional 1,194 shares during the period. Ledyard National Bank raised its stake in shares of CenturyLink by 7,467.0% in the first quarter. Ledyard National Bank now owns 7,340 shares of the technology company’s stock worth $173,000 after buying an additional 7,243 shares during the period. Finally, State of Alaska Department of Revenue acquired a new stake in shares of CenturyLink during the first quarter worth about $200,000. Institutional investors own 77.77% of the company’s stock.
Shares of CenturyLink, Inc. (NYSE:CTL) opened at 21.96 on Tuesday. The stock has a market cap of $12.07 billion, a PE ratio of 31.83 and a beta of 0.87. CenturyLink, Inc. has a 1-year low of $21.56 and a 1-year high of $33.45. The stock’s 50 day moving average price is $23.11 and its 200 day moving average price is $24.27.
CenturyLink (NYSE:CTL) last issued its earnings results on Wednesday, August 2nd. The technology company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.49 by $0.03. CenturyLink had a return on equity of 8.43% and a net margin of 2.20%. The firm had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the previous year, the business posted $0.63 EPS. CenturyLink’s revenue was down 7.0% compared to the same quarter last year. On average, equities research analysts anticipate that CenturyLink, Inc. will post $1.95 EPS for the current fiscal year.
A number of analysts have issued reports on CTL shares. Bank of America Corporation reiterated a “buy” rating on shares of CenturyLink in a research note on Tuesday, May 9th. Vetr upgraded shares of CenturyLink from a “hold” rating to a “buy” rating and set a $27.12 price target on the stock in a research note on Monday, May 1st. Zacks Investment Research upgraded shares of CenturyLink from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research note on Wednesday, April 26th. UBS AG set a $29.00 price objective on CenturyLink and gave the stock a “buy” rating in a research report on Thursday, June 22nd. Finally, BidaskClub downgraded CenturyLink from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. CenturyLink presently has a consensus rating of “Hold” and a consensus target price of $26.22.
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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