Taylor Frigon Capital Management LLC reduced its holdings in shares of Centurylink Inc (NYSE:CTL) by 2.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 117,847 shares of the technology company’s stock after selling 2,795 shares during the period. Taylor Frigon Capital Management LLC’s holdings in Centurylink were worth $1,557,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Nuveen Asset Management LLC raised its position in Centurylink by 292.7% during the 2nd quarter. Nuveen Asset Management LLC now owns 7,153,338 shares of the technology company’s stock valued at $84,123,000 after purchasing an additional 5,331,862 shares in the last quarter. Strs Ohio raised its position in Centurylink by 3,109.2% during the 3rd quarter. Strs Ohio now owns 1,343,982 shares of the technology company’s stock valued at $16,772,000 after purchasing an additional 1,302,103 shares in the last quarter. State of Michigan Retirement System raised its position in Centurylink by 2.7% during the 3rd quarter. State of Michigan Retirement System now owns 235,976 shares of the technology company’s stock valued at $2,945,000 after purchasing an additional 6,300 shares in the last quarter. BTC Capital Management Inc. raised its position in Centurylink by 17.6% during the 3rd quarter. BTC Capital Management Inc. now owns 239,368 shares of the technology company’s stock valued at $2,985,000 after purchasing an additional 35,820 shares in the last quarter. Finally, Stephens Inc. AR raised its position in Centurylink by 9.3% during the 3rd quarter. Stephens Inc. AR now owns 618,350 shares of the technology company’s stock valued at $7,717,000 after purchasing an additional 52,424 shares in the last quarter. 74.76% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Laurie Siegel sold 3,072 shares of Centurylink stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $14.00, for a total value of $43,008.00. Following the transaction, the director now directly owns 59,358 shares in the company, valued at approximately $831,012. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.50% of the company’s stock.

Shares of NYSE:CTL traded down $0.20 on Friday, reaching $14.66. The company had a trading volume of 6,738,358 shares, compared to its average volume of 12,213,147. Centurylink Inc has a 52-week low of $9.64 and a 52-week high of $15.57. The firm’s 50 day simple moving average is $13.48 and its 200-day simple moving average is $12.73. The firm has a market capitalization of $16.43 billion, a PE ratio of -1.98, a PEG ratio of 1.41 and a beta of 0.87. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 2.54.

Centurylink (NYSE:CTL) last announced its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.01). Centurylink had a negative net margin of 34.96% and a positive return on equity of 9.56%. The company had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.53 billion. During the same quarter in the prior year, the business posted $0.30 earnings per share. The company’s revenue was down 3.6% compared to the same quarter last year. As a group, equities research analysts predict that Centurylink Inc will post 1.31 earnings per share for the current year.

A number of equities research analysts have weighed in on the company. Morgan Stanley lowered Centurylink from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $16.00 to $14.80 in a research report on Tuesday, December 17th. ValuEngine raised Centurylink from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Guggenheim lowered Centurylink from a “neutral” rating to a “sell” rating and set a $10.00 target price for the company. in a research report on Wednesday, November 6th. Evercore ISI assumed coverage on Centurylink in a research report on Wednesday, December 11th. They set an “underperform” rating and a $14.00 target price for the company. Finally, TheStreet raised Centurylink from a “d+” rating to a “c” rating in a research report on Thursday, November 7th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $13.30.

Centurylink Company 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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