Strs Ohio boosted its holdings in Centurylink Inc (NYSE:CTL) by 3,109.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,343,982 shares of the technology company’s stock after purchasing an additional 1,302,103 shares during the quarter. Strs Ohio’s holdings in Centurylink were worth $16,772,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Coastal Investment Advisors Inc. boosted its holdings in Centurylink by 563.7% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 2,197 shares of the technology company’s stock worth $25,000 after acquiring an additional 1,866 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its holdings in Centurylink by 54.9% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 2,823 shares of the technology company’s stock worth $35,000 after acquiring an additional 1,000 shares during the last quarter. AGF Investments LLC purchased a new position in Centurylink during the 2nd quarter worth $38,000. NEXT Financial Group Inc boosted its holdings in Centurylink by 279.8% during the 2nd quarter. NEXT Financial Group Inc now owns 3,699 shares of the technology company’s stock worth $44,000 after acquiring an additional 2,725 shares during the last quarter. Finally, CSat Investment Advisory L.P. boosted its holdings in Centurylink by 96.5% during the 2nd quarter. CSat Investment Advisory L.P. now owns 3,934 shares of the technology company’s stock worth $46,000 after acquiring an additional 1,932 shares during the last quarter. 73.27% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:CTL opened at $13.09 on Thursday. The company’s 50-day moving average is $12.23 and its 200 day moving average is $11.57. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.60 and a current ratio of 0.60. The company has a market capitalization of $13.97 billion, a P/E ratio of 11.00, a price-to-earnings-growth ratio of 0.92 and a beta of 0.85. Centurylink Inc has a fifty-two week low of $9.64 and a fifty-two week high of $21.73.

Centurylink (NYSE:CTL) last issued its quarterly earnings results on Wednesday, August 7th. The technology company reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.03. The company had revenue of $5.58 billion for the quarter, compared to the consensus estimate of $5.59 billion. Centurylink had a negative net margin of 34.77% and a positive return on equity of 8.30%. The firm’s quarterly revenue was down 5.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.27 EPS. As a group, research analysts predict that Centurylink Inc will post 1.35 earnings per share for the current year.

A number of research firms have issued reports on CTL. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Centurylink in a report on Friday, September 13th. ValuEngine raised shares of Centurylink from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Wells Fargo & Co set a $14.00 price objective on shares of Centurylink and gave the stock a “buy” rating in a report on Monday, August 12th. Guggenheim set a $10.00 price objective on shares of Centurylink and gave the stock a “hold” rating in a report on Friday, September 27th. Finally, Raymond James raised shares of Centurylink from an “underperform” rating to a “market perform” rating in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $14.59.

About Centurylink

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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