SG Americas Securities LLC Purchases 248,671 Shares of Centurylink Inc (NYSE:CTL)

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SG Americas Securities LLC increased its stake in Centurylink Inc (NYSE:CTL) by 72.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 593,679 shares of the technology company’s stock after purchasing an additional 248,671 shares during the quarter. SG Americas Securities LLC’s holdings in Centurylink were worth $7,409,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Cornerstone Advisors Inc. increased its stake in shares of Centurylink by 68.7% in the 3rd quarter. Cornerstone Advisors Inc. now owns 2,058 shares of the technology company’s stock valued at $26,000 after acquiring an additional 838 shares in the last quarter. Zeke Capital Advisors LLC increased its stake in shares of Centurylink by 7.0% in the 2nd quarter. Zeke Capital Advisors LLC now owns 15,037 shares of the technology company’s stock valued at $177,000 after acquiring an additional 981 shares in the last quarter. Focused Wealth Management Inc increased its stake in shares of Centurylink by 12.7% in the 2nd quarter. Focused Wealth Management Inc now owns 8,845 shares of the technology company’s stock valued at $104,000 after acquiring an additional 1,000 shares in the last quarter. Diversified Trust Co increased its stake in shares of Centurylink by 2.9% in the 3rd quarter. Diversified Trust Co now owns 35,606 shares of the technology company’s stock valued at $444,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. increased its stake in shares of Centurylink by 54.9% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 2,823 shares of the technology company’s stock valued at $35,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors own 73.51% of the company’s stock.

NYSE CTL traded down $0.09 during mid-day trading on Friday, hitting $14.79. The company’s stock had a trading volume of 16,441,503 shares, compared to its average volume of 10,665,462. The company’s 50 day simple moving average is $12.53 and its 200 day simple moving average is $11.65. Centurylink Inc has a twelve month low of $9.64 and a twelve month high of $21.50. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 2.53. The firm has a market capitalization of $14.91 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 0.98 and a beta of 0.86.

Centurylink (NYSE:CTL) last posted its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.01). Centurylink had a negative net margin of 34.77% and a positive return on equity of 8.30%. The business had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.53 billion. During the same period in the previous year, the business posted $0.30 EPS. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. As a group, research analysts forecast that Centurylink Inc will post 1.35 EPS for the current year.

Several analysts have recently weighed in on CTL shares. TheStreet upgraded shares of Centurylink from a “d+” rating to a “c” rating in a research note on Thursday. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Centurylink in a research note on Friday, September 13th. ValuEngine raised shares of Centurylink from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Raymond James raised shares of Centurylink from an “underperform” rating to a “market perform” rating in a research report on Thursday, August 8th. Finally, Guggenheim downgraded shares of Centurylink from a “neutral” rating to a “sell” rating and set a $10.00 price target for the company. in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $13.16.

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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Want to see what other hedge funds are holding CTL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Centurylink Inc (NYSE:CTL).

Institutional Ownership by Quarter for Centurylink (NYSE:CTL)

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