BB&T Securities LLC grew its position in shares of Centurylink Inc (NYSE:CTL) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 182,174 shares of the technology company’s stock after purchasing an additional 1,481 shares during the period. BB&T Securities LLC’s holdings in Centurylink were worth $2,759,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the business. Advisors Asset Management Inc. raised its position in Centurylink by 3.2% during the second quarter. Advisors Asset Management Inc. now owns 1,270,856 shares of the technology company’s stock valued at $23,689,000 after purchasing an additional 38,953 shares in the last quarter. Schroder Investment Management Group purchased a new stake in Centurylink during the second quarter valued at about $726,000. Bank of Montreal Can raised its position in Centurylink by 12.4% during the third quarter. Bank of Montreal Can now owns 1,637,630 shares of the technology company’s stock valued at $34,718,000 after purchasing an additional 180,321 shares in the last quarter. First Hawaiian Bank purchased a new stake in Centurylink during the third quarter valued at about $471,000. Finally, Andra AP fonden raised its position in Centurylink by 58.9% during the third quarter. Andra AP fonden now owns 85,000 shares of the technology company’s stock valued at $1,802,000 after purchasing an additional 31,500 shares in the last quarter. 75.53% of the stock is currently owned by institutional investors.
NYSE CTL opened at $14.70 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.57. The stock has a market capitalization of $15.25 billion, a P/E ratio of 10.00, a price-to-earnings-growth ratio of -7.81 and a beta of 0.87. Centurylink Inc has a 1 year low of $13.88 and a 1 year high of $24.20.
In related news, EVP Scott Trezise sold 53,164 shares of the firm’s stock in a transaction dated Tuesday, December 4th. The stock was sold at an average price of $18.88, for a total value of $1,003,736.32. Following the sale, the executive vice president now directly owns 187,867 shares of the company’s stock, valued at $3,546,928.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Holdings (Private) Ltd Temasek sold 16,000,000 shares of the firm’s stock in a transaction dated Wednesday, January 16th. The stock was sold at an average price of $15.90, for a total value of $254,400,000.00. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.
COPYRIGHT VIOLATION WARNING: This report was first reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this report on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The original version of this report can be viewed at https://www.chaffeybreeze.com/2019/02/14/bbt-securities-llc-raises-position-in-centurylink-inc-ctl.html.
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.
Further Reading: Moving Average (MA)
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).
Receive News & Ratings for Centurylink Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centurylink and related companies with MarketBeat.com's FREE daily email newsletter.