Polaris Greystone Financial Group Lowers stake in Centurylink Inc (CTL)

Centurylink Inc (CTL) : Polaris Greystone Financial Group reduced its stake in Centurylink Inc by 1.98% during the most recent quarter end. The investment management company now holds a total of 12,915 shares of Centurylink Inc which is valued at $394,037 after selling 261 shares in Centurylink Inc , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Centurylink Inc makes up approximately 0.06% of Polaris Greystone Financial Group’s portfolio.

Other Hedge Funds, Including , Royal London Asset Management Ltd reduced its stake in CTL by selling 12,493 shares or 6.43% in the most recent quarter. The Hedge Fund company now holds 181,690 shares of CTL which is valued at $5,543,362. Centurylink Inc makes up approx 0.09% of Royal London Asset Management Ltd’s portfolio. Lmr Partners Llp sold out all of its stake in CTL during the most recent quarter. The investment firm sold 28,064 shares of CTL which is valued $882,332.Gateway Investment Advisers boosted its stake in CTL in the latest quarter, The investment management firm added 1,242 additional shares and now holds a total of 66,465 shares of Centurylink Inc which is valued at $2,052,439. Centurylink Inc makes up approx 0.02% of Gateway Investment Advisers’s portfolio.Next Financial Group Inc boosted its stake in CTL in the latest quarter, The investment management firm added 499 additional shares and now holds a total of 7,778 shares of Centurylink Inc which is valued at $235,051. Centurylink Inc makes up approx 0.07% of Next Financial Group Inc’s portfolio.

Centurylink Inc opened for trading at $30.01 and hit $30.35 on the upside on Monday, eventually ending the session at $30.28, with a gain of 1.34% or 0.4 points. The heightened volatility saw the trading volume jump to 36,36,745 shares. Company has a market cap of $16,532 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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