Santa Fe Partners Lowers stake in Centurylink Inc (CTL)

Centurylink Inc (CTL) : Santa Fe Partners reduced its stake in Centurylink Inc by 18.94% during the most recent quarter end. The investment management company now holds a total of 115,851 shares of Centurylink Inc which is valued at $3,737,353 after selling 27,067 shares in Centurylink Inc , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.Centurylink Inc makes up approximately 0.61% of Santa Fe Partners’s portfolio.

Centurylink Inc closed down -0.04 points or -0.12% at $32.22 with 29,90,263 shares getting traded on Monday. Post opening the session at $32.12, the shares hit an intraday low of $31.96 and an intraday high of $32.395 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Other Hedge Funds, Including , Taylor Wealth Management Partners reduced its stake in CTL by selling 2 shares or 0.99% in the most recent quarter. The Hedge Fund company now holds 200 shares of CTL which is valued at $6,452.Endurance Wealth Management reduced its stake in CTL by selling 325 shares or 6.03% in the most recent quarter. The Hedge Fund company now holds 5,065 shares of CTL which is valued at $163,397. Centurylink Inc makes up approx 0.03% of Endurance Wealth Management’s portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in CTL in the latest quarter, The investment management firm added 13,364 additional shares and now holds a total of 128,989 shares of Centurylink Inc which is valued at $4,161,185. Centurylink Inc makes up approx 0.10% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Charter Trust Co boosted its stake in CTL in the latest quarter, The investment management firm added 5,360 additional shares and now holds a total of 17,853 shares of Centurylink Inc which is valued at $572,724. Centurylink Inc makes up approx 0.07% of Charter Trust Co’s portfolio.

On the company’s financial health, Centurylink Inc reported $0.80 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Feb 10, 2016. Analyst had a consensus of $0.65. The company had revenue of $4480.00 million for the quarter, compared to analysts expectations of $4415.77 million. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS.

Many Wall Street Analysts have commented on Centurylink Inc. Company shares were Reiterated by Deutsche Bank on Apr 12, 2016 to “Hold”, Firm has raised the Price Target to $ 30 from a previous price target of $28 .Centurylink Inc was Downgraded by Jefferies to ” Underperform” on Mar 17, 2016. Deutsche Bank Initiated Centurylink Inc on Feb 24, 2016 to “Hold”, Price Target of the shares are set at $28.

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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