Lawson Kroeker Investment Management Inc. NE grew its position in shares of Centurylink Inc (NYSE:CTL) by 4,060.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 445,328 shares of the technology company’s stock after acquiring an additional 434,623 shares during the quarter. Centurylink comprises about 3.1% of Lawson Kroeker Investment Management Inc. NE’s investment portfolio, making the stock its 11th largest holding. Lawson Kroeker Investment Management Inc. NE’s holdings in Centurylink were worth $9,441,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Madison Investment Holdings Inc. acquired a new stake in Centurylink in the second quarter worth about $24,058,000. Lourd Capital LLC acquired a new stake in Centurylink in the second quarter worth about $209,000. Kwmg LLC lifted its holdings in Centurylink by 8.8% in the second quarter. Kwmg LLC now owns 94,304 shares of the technology company’s stock worth $1,758,000 after purchasing an additional 7,666 shares during the period. Toronto Dominion Bank lifted its holdings in Centurylink by 27.8% in the second quarter. Toronto Dominion Bank now owns 706,741 shares of the technology company’s stock worth $13,171,000 after purchasing an additional 153,865 shares during the period. Finally, Green Square Capital LLC lifted its holdings in Centurylink by 54.1% in the second quarter. Green Square Capital LLC now owns 147,938 shares of the technology company’s stock worth $2,758,000 after purchasing an additional 51,935 shares during the period. 77.01% of the stock is owned by institutional investors.
NYSE CTL traded up $0.52 on Friday, reaching $20.66. The company’s stock had a trading volume of 6,070,800 shares, compared to its average volume of 10,767,058. Centurylink Inc has a twelve month low of $13.16 and a twelve month high of $24.20. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.60. The company has a market capitalization of $22.91 billion, a price-to-earnings ratio of 13.94, a PEG ratio of -13.19 and a beta of 0.86.
Centurylink (NYSE:CTL) last issued its quarterly earnings results on Wednesday, August 8th. The technology company reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.03. Centurylink had a net margin of 7.62% and a return on equity of 4.50%. The company had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $5.92 billion. During the same period in the prior year, the company earned $0.46 EPS. Centurylink’s revenue was up 44.3% on a year-over-year basis. As a group, research analysts predict that Centurylink Inc will post 1.07 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 14th. Shareholders of record on Friday, August 31st were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 10.45%. The ex-dividend date of this dividend was Thursday, August 30th. Centurylink’s payout ratio is 146.94%.
Several research firms recently weighed in on CTL. Moffett Nathanson reaffirmed a “sell” rating and issued a $23.00 price objective on shares of Centurylink in a report on Wednesday, August 22nd. Hanson downgraded shares of Centurylink from a “neutral” rating to a “sell” rating and set a $19.00 price objective for the company. in a report on Wednesday, August 22nd. Royal Bank of Canada upped their price objective on shares of Centurylink to $27.00 and gave the stock an “outperform” rating in a report on Thursday, August 16th. Morgan Stanley upped their price objective on shares of Centurylink from $21.60 to $25.00 and gave the stock an “overweight” rating in a report on Wednesday, August 15th. Finally, ValuEngine raised shares of Centurylink from a “hold” rating to a “buy” rating in a report on Wednesday, August 15th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $21.33.
In other Centurylink 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 value of $3,600,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is currently owned by corporate insiders.
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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