CenturyLink, Inc. (NYSE:CTL) Shares Bought by Private Bank & Trust Co.

Private Bank & Trust Co. increased its stake in CenturyLink, Inc. (NYSE:CTL) by 27.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,661 shares of the technology company’s stock after buying an additional 6,109 shares during the period. Private Bank & Trust Co.’s holdings in CenturyLink were worth $685,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CTL. Vanguard Group Inc. increased its stake in CenturyLink by 19.4% in the first quarter. Vanguard Group Inc. now owns 46,767,917 shares of the technology company’s stock valued at $1,102,321,000 after buying an additional 7,600,609 shares during the last quarter. State Street Corp increased its stake in shares of CenturyLink by 1.0% in the first quarter. State Street Corp now owns 31,157,907 shares of the technology company’s stock worth $734,384,000 after buying an additional 293,702 shares during the last quarter. American International Group Inc. increased its stake in shares of CenturyLink by 1.4% in the first quarter. American International Group Inc. now owns 15,944,716 shares of the technology company’s stock worth $375,817,000 after buying an additional 214,210 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of CenturyLink by 10.0% in the first quarter. Geode Capital Management LLC now owns 6,721,808 shares of the technology company’s stock worth $158,256,000 after buying an additional 613,038 shares during the last quarter. Finally, Thornburg Investment Management Inc. increased its stake in shares of CenturyLink by 107.8% in the first quarter. Thornburg Investment Management Inc. now owns 6,521,497 shares of the technology company’s stock worth $153,712,000 after buying an additional 3,383,155 shares during the last quarter. 77.52% of the stock is owned by institutional investors and hedge funds.

Shares of CenturyLink, Inc. (NYSE CTL) traded down 1.733% during midday trading on Monday, hitting $22.965. The company had a trading volume of 3,571,584 shares. CenturyLink, Inc. has a 52 week low of $22.26 and a 52 week high of $33.45. The firm’s 50 day moving average is $24.62 and its 200 day moving average is $24.62. The company has a market capitalization of $12.60 billion, a P/E ratio of 22.515 and a beta of 0.88.

CenturyLink (NYSE:CTL) last released its quarterly earnings results on Wednesday, May 3rd. The technology company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.53 by $0.01. The firm had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $4.27 billion. CenturyLink had a net margin of 3.20% and a return on equity of 8.96%. CenturyLink’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.71 earnings per share. Equities research analysts anticipate that CenturyLink, Inc. will post $2.08 EPS for the current year.

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A number of equities research analysts have weighed in on the stock. BidaskClub downgraded shares of CenturyLink from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Cowen and Company reiterated a “hold ctl” rating on shares of CenturyLink in a report on Thursday, July 6th. Barclays PLC dropped their price objective on CenturyLink from $24.00 to $23.00 and set an “underweight” rating on the stock in a report on Thursday, June 29th. UBS AG set a $29.00 price objective on CenturyLink and gave the stock a “buy” rating in a report on Thursday, June 22nd. Finally, ValuEngine downgraded CenturyLink from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $26.22.

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.

Institutional Ownership by Quarter for CenturyLink (NYSE:CTL)

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