Sentry Investment Management LLC Acquires 174 Shares of CenturyLink, Inc. (CTL)
Sentry Investment Management LLC boosted its holdings in CenturyLink, Inc. (NYSE:CTL) by 0.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 37,917 shares of the technology company’s stock after acquiring an additional 174 shares during the quarter. Sentry Investment Management LLC’s holdings in CenturyLink were worth $905,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in CTL. Wellington Management Group LLP lifted its position in CenturyLink by 41.8% in the 1st quarter. Wellington Management Group LLP now owns 580,674 shares of the technology company’s stock valued at $13,686,000 after acquiring an additional 171,073 shares in the last quarter. Thrivent Financial For Lutherans lifted its position in CenturyLink by 5.9% in the 1st quarter. Thrivent Financial For Lutherans now owns 20,192 shares of the technology company’s stock valued at $476,000 after acquiring an additional 1,130 shares in the last quarter. Vanguard Group Inc. lifted its position in CenturyLink by 19.4% in the 1st quarter. Vanguard Group Inc. now owns 46,767,917 shares of the technology company’s stock valued at $1,102,321,000 after acquiring an additional 7,600,609 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in CenturyLink by 20.9% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 320,527 shares of the technology company’s stock valued at $7,563,000 after acquiring an additional 55,300 shares in the last quarter. Finally, Apollo Management Holdings L.P. lifted its position in CenturyLink by 86.3% in the 1st quarter. Apollo Management Holdings L.P. now owns 264,376 shares of the technology company’s stock valued at $6,231,000 after acquiring an additional 122,499 shares in the last quarter. 82.95% of the stock is currently owned by institutional investors and hedge funds.
CTL has been the topic of several recent research reports. ValuEngine raised shares of CenturyLink from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Zacks Investment Research raised shares of CenturyLink from a “sell” rating to a “hold” rating in a research report on Friday, October 13th. UBS AG set a $29.00 price target on shares of CenturyLink and gave the company a “buy” rating in a research report on Thursday, June 22nd. Barclays PLC dropped their price target on shares of CenturyLink from $23.00 to $19.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 4th. Finally, Cowen and Company raised their price target on shares of CenturyLink from $25.00 to $27.00 and gave the company a “market perform” rating in a research report on Wednesday, July 5th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned 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 target price of $24.94.
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Shares of CenturyLink, Inc. (CTL) traded up 0.32% during midday trading on Friday, hitting $18.55. 1,979,445 shares of the stock traded hands. CenturyLink, Inc. has a 52 week low of $18.17 and a 52 week high of $33.45. The company’s 50-day moving average is $19.28 and its 200 day moving average is $22.76. The firm has a market capitalization of $10.20 billion, a PE ratio of 26.88 and a beta of 0.89.
CenturyLink (NYSE:CTL) last issued its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.03). The company had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4.09 billion. CenturyLink had a net margin of 2.20% and a return on equity of 8.43%. The firm’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same quarter last year, the company earned $0.63 EPS. Analysts anticipate that CenturyLink, Inc. will post $1.93 earnings per share for the current year.
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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