RidgeWorth Capital Management LLC Buys 1293150 Shares of CenturyLink, Inc. (CTL)

Ajustar Comentario Impresión

Front Street Capital Management Inc. acquired a new position in CenturyLink, Inc.

Centurylink (NYSE:CTL) last issued its earnings results on Wednesday, May 3rd. The institutional investor held 158,966 shares of the public utilities company at the end of 2016Q4, valued at $3.78M, up from 26,517 at the end of the previous reported quarter.

A number of other large investors also recently modified their holdings of CTL. Virtus Investment Advisers Inc. acquired a new position in CenturyLink during the third quarter valued at about $552,000. Private Advisor Group LLC now owns 34,791 shares of the technology company's stock worth $878,000 after buying an additional 15,510 shares in the last quarter.

Prudential Financial Inc. boosted its stake in shares of Centurylink Inc (NYSE:CTL) by 46.3% during the first quarter, according to its most recent 13F filing with the SEC. RidgeWorth Capital Management LLC now owns 1,171,072 shares of the technology company's stock valued at $27,848,000 after buying an additional 1,169,050 shares during the period. Elkfork Partners LLC bought a new stake in CenturyLink during the fourth quarter valued at $11,450,000. Arrow Investment Advisors LLC now owns 30,274 shares of the technology company's stock worth $714,000 after buying an additional 3,138 shares during the last quarter. Flippin Bruce & Porter Inc. now owns 203,395 shares of the technology company's stock valued at $5,579,000 after buying an additional 14,800 shares during the period. Ontario Teachers Pension Plan Board boosted its position in CenturyLink by 48.7% in the third quarter. Wellington Management Group LLP now owns 580,674 shares of the technology company's stock worth $13,686,000 after buying an additional 171,073 shares during the last quarter. The stock of Centurylink Inc (NYSE:CTL) has "Sector Perform" rating given on Tuesday, September 22 by RBC Capital Markets. "(CTL) Bonds Drop 1.3% During Trading" was published by Transcript Daily and is the property of of Transcript Daily. The firm has a market cap of $14.33 billion, a P/E ratio of 25.60 and a beta of 0.83.

Company chares are trading at $26.79 slightly over $25.23, the stock's 50 day moving average and which is marginally higher than the 200 day moving average of $24.59.

Centurylink Inc (NYSE CTL) traded up 0.50% during midday trading on Friday, hitting $26.11. Centurylink had a return on equity of 9.58% and a net margin of 3.58%. The company had revenue of $4.21 billion during the quarter, compared to the consensus estimate of $4.27 billion. Credit Suisse Ag accumulated 1.64M shares or 0.04% of the stock. During the same quarter a year ago, the business posted $0.71 earnings per share.

Common Stock declared a dividend payable on Friday June 16th, 2017. Stockholders of record on Monday, June 5th will be paid a $0.54 dividend. The ex-dividend date is Thursday, June 1st. This dividend represents a yeild of $8.27 which is the dividend as a percentage of the current share price. Centurylink's dividend payout ratio is now 186.21%.

ILLEGAL ACTIVITY WARNING: "CenturyLink (CTL) Earning Somewhat Favorable Media Coverage, Study Finds" was first reported by Stock Observer and is owned by of Stock Observer. If you are reading this article on another domain, it was illegally stolen and reposted in violation of USA & global trademark and copyright legislation.

News coverage about CenturyLink (NYSE:CTL) has been trending somewhat positive recently, AlphaOne Sentiment Analysis reports.

A number of equities analysts have commented on the company. ValuEngine downgraded shares of CenturyLink from a "buy" rating to a "hold" rating in a research report on Friday, June 2nd. They issued a "neutral" rating and a $23.00 price objective for the company. Finally, Cowen and Company set a $25.00 price target on shares of Centurylink and gave the company a "market perform" rating in a research note on Thursday, May 4th. Bank of America Corp restated a "buy" rating on shares of Centurylink in a report on Tuesday, May 9th. Finally, Vetr raised CenturyLink from a "hold" rating to a "buy" rating and set a $27.12 target price for the company in a research report on Monday, May 1st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of "Hold" and an average target price of $26.24.

CenturyLink, Inc., launched on May 7, 1968, is an integrated communications company.

Comentarios