O’shaughnessy Asset Management buys $104.5 Million stake in Centurylink Inc (CTL)

Centurylink Inc (CTL) : O’shaughnessy Asset Management scooped up 547,816 additional shares in Centurylink Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 3,747,500 shares of Centurylink Inc which is valued at $104.5 Million.Centurylink Inc makes up approximately 2.72% of O’shaughnessy Asset Management’s portfolio.

Other Hedge Funds, Including , Hsbc Holdings Plc reduced its stake in CTL by selling 280,421 shares or 26.54% in the most recent quarter. The Hedge Fund company now holds 776,230 shares of CTL which is valued at $21.6 Million. Centurylink Inc makes up approx 0.07% of Hsbc Holdings Plc’s portfolio.Carnick Kubik boosted its stake in CTL in the latest quarter, The investment management firm added 1,595 additional shares and now holds a total of 40,700 shares of Centurylink Inc which is valued at $1.1 Million. Centurylink Inc makes up approx 0.56% of Carnick Kubik’s portfolio. Financial Architects Inc added CTL to its portfolio by purchasing 659 company shares during the most recent quarter which is valued at $18,373. Centurylink Inc makes up approx 0.01% of Financial Architects Inc’s portfolio.Swiss National Bank boosted its stake in CTL in the latest quarter, The investment management firm added 403,500 additional shares and now holds a total of 1,426,341 shares of Centurylink Inc which is valued at $40.7 Million. Centurylink Inc makes up approx 0.07% of Swiss National Bank’s portfolio.California Public Employees Retirement System boosted its stake in CTL in the latest quarter, The investment management firm added 14,500 additional shares and now holds a total of 1,814,101 shares of Centurylink Inc which is valued at $51.8 Million. Centurylink Inc makes up approx 0.08% of California Public Employees Retirement System’s portfolio.

Centurylink Inc closed down -0.02 points or -0.07% at $27.18 with 39,96,138 shares getting traded on Wednesday. Post opening the session at $27.3, the shares hit an intraday low of $27.1 and an intraday high of $27.58 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Centurylink Inc reported $0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.68. The company had revenue of $4401.00 million for the quarter, compared to analysts expectations of $4425.72 million. The company’s revenue was down -1.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.67 EPS.

Many Wall Street Analysts have commented on Centurylink Inc. Centurylink Inc was Downgraded by Wells Fargo to ” Market Perform” on May 3, 2016. 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.

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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