Nwi Management Lp buys $8,239,000 stake in Centurylink Inc (CTL)

Centurylink Inc (CTL) : Nwi Management Lp scooped up 75,000 additional shares in Centurylink Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 275,000 shares of Centurylink Inc which is valued at $8,239,000.Centurylink Inc makes up approximately 0.81% of Nwi Management Lp’s portfolio.

Other Hedge Funds, Including , Rhumbline Advisers boosted its stake in CTL in the latest quarter, The investment management firm added 43,405 additional shares and now holds a total of 802,960 shares of Centurylink Inc which is valued at $24,056,682. Centurylink Inc makes up approx 0.07% of Rhumbline Advisers’s portfolio.Cetera Advisor Networks boosted its stake in CTL in the latest quarter, The investment management firm added 13,723 additional shares and now holds a total of 37,134 shares of Centurylink Inc which is valued at $1,112,535. Centurylink Inc makes up approx 0.06% of Cetera Advisor Networks’s portfolio.Janney Montgomery Scott boosted its stake in CTL in the latest quarter, The investment management firm added 79,649 additional shares and now holds a total of 140,916 shares of Centurylink Inc which is valued at $4,210,570. Centurylink Inc makes up approx 0.06% of Janney Montgomery Scott’s portfolio.Glenmede Trust Co Na boosted its stake in CTL in the latest quarter, The investment management firm added 1,030,658 additional shares and now holds a total of 1,153,718 shares of Centurylink Inc which is valued at $34,473,094. Centurylink Inc makes up approx 0.20% of Glenmede Trust Co Na’s portfolio.Hall Laurie J Trustee boosted its stake in CTL in the latest quarter, The investment management firm added 270 additional shares and now holds a total of 460 shares of Centurylink Inc which is valued at $14,205. Centurylink Inc makes up approx 0.01% of Hall Laurie J Trustee’s portfolio.

Centurylink Inc opened for trading at $29.14 and hit $29.32 on the upside on Tuesday, eventually ending the session at $29.1, with a gain of 0.59% or 0.17 points. The heightened volatility saw the trading volume jump to 27,37,308 shares. Company has a market cap of $15,888 M.

On the company’s financial health, Centurylink Inc reported $0.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.59. The company had revenue of $4398.00 million for the quarter, compared to analysts expectations of $4390.47 million. The company’s revenue was down -.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.55 EPS.

Many Wall Street Analysts have commented on Centurylink Inc. Company shares were Reiterated by RBC Capital Mkts on Aug 8, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 31 from a previous price target of $29 .Shares were Downgraded by Morgan Stanley on Jul 18, 2016 to ” Underweight” and Lowered the Price Target to $ 27 from a previous price target of $31 .Macquarie Initiated Centurylink Inc on Jul 11, 2016 to “Neutral”, Price Target of the shares are set at $31.

CenturyLink Inc. is an integrated communications company. The Company is engaged in providing an array of communications services to residential business governmental and wholesale customers. The Company’s communications services include local and long-distance broadband private line Multi-Protocol Label Switching (MPLS) data integration managed hosting colocation Ethernet network access video wireless and other ancillary services. The Company operates in two segments: Business and Consumer. The Business segment provides strategic legacy and data integration products and services to enterprise wholesale and governmental customers including other communication providers. The Consumer segment provides strategic and legacy products and services to residential customers.

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