Cornerstone Investment Partners buys $1,175,141 stake in Centurylink Inc (CTL)

Centurylink Inc (CTL) : Cornerstone Investment Partners scooped up 7,055 additional shares in Centurylink Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 42,904 shares of Centurylink Inc which is valued at $1,175,141.Centurylink Inc makes up approximately 0.05% of Cornerstone Investment Partners’s portfolio.

Other Hedge Funds, Including , At Bancorp added CTL to its portfolio by purchasing 70,219 company shares during the most recent quarter which is valued at $1,923,298. Centurylink Inc makes up approx 0.27% of At Bancorp’s portfolio.Oliver Luxxe Assets boosted its stake in CTL in the latest quarter, The investment management firm added 7,009 additional shares and now holds a total of 97,079 shares of Centurylink Inc which is valued at $2,694,913. Centurylink Inc makes up approx 2.13% of Oliver Luxxe Assets’s portfolio.Summit Financial Wealth Advisors reduced its stake in CTL by selling 65 shares or 0.55% in the most recent quarter. The Hedge Fund company now holds 11,729 shares of CTL which is valued at $317,035. Centurylink Inc makes up approx 0.14% of Summit Financial Wealth Advisors’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in CTL in the latest quarter, The investment management firm added 9,877 additional shares and now holds a total of 791,443 shares of Centurylink Inc which is valued at $21,392,704. Centurylink Inc makes up approx 0.09% of Bnp Paribas Arbitrage Sa’s portfolio.

Centurylink Inc closed down -0.2 points or -0.72% at $27.64 with 54,12,856 shares getting traded on Tuesday. Post opening the session at $27.89, the shares hit an intraday low of $27.56 and an intraday high of $28.1 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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 .

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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