Usca Ria LLC Sells 6,080 Shares of Centurylink Inc (CTL)

Usca Ria LLC cut its stake in shares of Centurylink Inc (NYSE:CTL) by 35.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,135 shares of the technology company’s stock after selling 6,080 shares during the period. Usca Ria LLC’s holdings in Centurylink were worth $169,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of CTL. Signet Investment Advisory Group Inc. bought a new stake in Centurylink in the fourth quarter valued at approximately $34,000. Doyle Wealth Management bought a new stake in Centurylink in the fourth quarter valued at approximately $35,000. Pearl River Capital LLC bought a new stake in Centurylink in the fourth quarter valued at approximately $42,000. Benjamin F. Edwards & Company Inc. raised its stake in Centurylink by 34.6% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 3,513 shares of the technology company’s stock valued at $53,000 after buying an additional 904 shares during the period. Finally, Intercontinental Wealth Advisors LLC bought a new stake in Centurylink in the fourth quarter valued at approximately $61,000. 74.83% of the stock is owned by hedge funds and other institutional investors.

In related news, CFO Indraneel Dev purchased 50,000 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was acquired at an average price of $11.75 per share, for a total transaction of $587,500.00. Following the purchase, the chief financial officer now owns 459,153 shares of the company’s stock, valued at $5,395,047.75. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jeffrey K. Storey bought 83,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was acquired at an average price of $11.94 per share, for a total transaction of $991,020.00. Following the purchase, the chief executive officer now directly owns 3,476,359 shares in the company, valued at $41,507,726.46. The disclosure for this purchase can be found here. Insiders have acquired a total of 141,207 shares of company stock valued at $1,719,680 in the last quarter. Company insiders own 0.60% of the company’s stock.

A number of equities research analysts recently issued reports on CTL shares. Cowen reissued a “hold” rating and set a $21.00 price target on shares of Centurylink in a research report on Friday, November 9th. Moffett Nathanson set a $16.00 price objective on Centurylink and gave the company a “sell” rating in a report on Monday, November 19th. Zacks Investment Research raised Centurylink from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Friday, November 16th. Oppenheimer lowered their target price on Centurylink from $24.00 to $22.00 and set an “outperform” rating for the company in a research report on Friday, November 9th. Finally, ValuEngine lowered Centurylink from a “buy” rating to a “hold” rating in a research report on Friday, November 23rd. Six equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $17.18.

CTL stock traded up $0.53 during mid-day trading on Thursday, reaching $12.09. 9,847,839 shares of the company traded hands, compared to its average volume of 18,448,475. The company has a market capitalization of $12.78 billion, a P/E ratio of 10.16, a price-to-earnings-growth ratio of -7.02 and a beta of 0.87. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.78 and a current ratio of 0.70. Centurylink Inc has a fifty-two week low of $11.52 and a fifty-two week high of $24.20.

Centurylink (NYSE:CTL) last released its quarterly earnings results on Wednesday, February 13th. The technology company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $5.78 billion during the quarter, compared to the consensus estimate of $5.78 billion. Centurylink had a positive return on equity of 5.68% and a negative net margin of 7.39%. The company’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.18 EPS. As a group, sell-side analysts forecast that Centurylink Inc will post 1.24 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Tuesday, March 12th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, March 11th. This represents a $1.00 dividend on an annualized basis and a yield of 8.27%. Centurylink’s dividend payout ratio (DPR) is currently 181.51%.

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About Centurylink

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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Institutional Ownership by Quarter for Centurylink (NYSE:CTL)

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