State of Wisconsin Investment Board increased its holdings in shares of Centurylink Inc (NYSE:CTL) by 657.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,260,390 shares of the technology company’s stock after acquiring an additional 1,093,953 shares during the quarter. State of Wisconsin Investment Board’s holdings in Centurylink were worth $21,023,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. Bessemer Group Inc. grew its holdings in Centurylink by 132.3% in the 4th quarter. Bessemer Group Inc. now owns 6,264 shares of the technology company’s stock valued at $104,000 after buying an additional 3,568 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in Centurylink by 250.8% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 6,753 shares of the technology company’s stock valued at $113,000 after buying an additional 4,828 shares in the last quarter. Fieldpoint Private Securities LLC acquired a new position in Centurylink in the 3rd quarter valued at $115,000. Patriot Financial Group Insurance Agency LLC grew its holdings in Centurylink by 178.6% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 6,684 shares of the technology company’s stock valued at $134,000 after buying an additional 4,285 shares in the last quarter. Finally, Blue Granite Capital LLC acquired a new position in Centurylink in the 3rd quarter valued at $136,000. 59.37% of the stock is currently owned by institutional investors and hedge funds.
Shares of Centurylink Inc (CTL) opened at $18.47 on Wednesday. The firm has a market capitalization of $19,740.00, a price-to-earnings ratio of 6.16, a PEG ratio of -9.18 and a beta of 0.82. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 1.59. Centurylink Inc has a 1 year low of $13.16 and a 1 year high of $27.61.
In other Centurylink news, Director Virginia Boulet acquired 5,095 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was acquired at an average cost of $15.48 per share, for a total transaction of $78,870.60. Following the transaction, the director now directly owns 42,820 shares in the company, valued at $662,853.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Martha Helena Bejar acquired 7,000 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were acquired at an average price of $14.28 per share, with a total value of $99,960.00. Following the completion of the transaction, the director now owns 25,991 shares in the company, valued at $371,151.48. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 150,595 shares of company stock valued at $2,154,131. 0.61% of the stock is owned by corporate insiders.
CTL has been the topic of a number of research reports. Oppenheimer reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Centurylink in a report on Tuesday, January 9th. UBS Group decreased their price objective on Centurylink from $29.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, November 9th. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $26.00 price objective on shares of Centurylink in a report on Thursday, November 9th. Bank of America decreased their price objective on Centurylink from $42.00 to $27.00 and set a “buy” rating on the stock in a report on Friday, November 10th. Finally, ValuEngine raised Centurylink from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Centurylink presently has an average rating of “Hold” and an average price target of $22.08.
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 Enterprise, 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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