Bank of Montreal Can grew its stake in shares of Centurylink Inc (NYSE:CTL) by 12.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,637,630 shares of the technology company’s stock after acquiring an additional 180,321 shares during the period. Bank of Montreal Can’s holdings in Centurylink were worth $34,718,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Temasek Holdings Private Ltd lifted its stake in shares of Centurylink by 16.4% in the 2nd quarter. Temasek Holdings Private Ltd now owns 123,201,207 shares of the technology company’s stock valued at $2,296,470,000 after purchasing an additional 17,339,784 shares during the last quarter. MUFG Securities EMEA plc acquired a new stake in shares of Centurylink in the 2nd quarter valued at $35,437,000. Madison Investment Holdings Inc. acquired a new stake in shares of Centurylink in the 2nd quarter valued at $24,058,000. Los Angeles Capital Management & Equity Research Inc. lifted its stake in shares of Centurylink by 195.1% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,557,650 shares of the technology company’s stock valued at $29,035,000 after purchasing an additional 1,029,778 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. lifted its stake in shares of Centurylink by 373.2% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 893,267 shares of the technology company’s stock valued at $16,651,000 after purchasing an additional 704,509 shares during the last quarter. Institutional investors and hedge funds own 76.76% of the company’s stock.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Centurylink from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. Citigroup boosted their target price on shares of Centurylink from $17.00 to $19.00 and gave the stock a “neutral” rating in a research report on Thursday, August 9th. ValuEngine raised shares of Centurylink from a “hold” rating to a “buy” rating in a research report on Wednesday, August 15th. Barclays reissued a “hold” rating and set a $21.00 target price on shares of Centurylink in a research report on Friday, August 10th. Finally, Cowen set a $20.00 target price on shares of Centurylink and gave the stock a “hold” rating in a research report on Tuesday, September 25th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $21.33.
Centurylink (NYSE:CTL) last announced its quarterly earnings data on Wednesday, August 8th. The technology company reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.03. The business had revenue of $5.90 billion during the quarter, compared to analyst estimates of $5.92 billion. Centurylink had a net margin of 7.62% and a return on equity of 4.50%. The firm’s revenue for the quarter was up 44.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.46 earnings per share. Equities analysts forecast that Centurylink Inc will post 1.08 earnings per share for the current fiscal year.
In other news, Director Glen F. Post III sold 150,000 shares of the company’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $24.00, for a total transaction of $3,600,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.60% of the stock is currently owned by corporate insiders.
Centurylink Company Profile
CenturyLink, Inc provides various communications services to residential, business, wholesale, and governmental customers primarily in the United States. It operates in two segments, Business and Consumer. The company offers virtual private network data network services; Ethernet services; Internet protocol services; CenturyLink Prism TV that allows customers to watch television or cable channels and record up to four shows on one home digital video recorder; and Vyvx, which provides audio and video feeds over fiber or satellite for broadcast and production customers, as well as satellite digital television services.
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