CenturyLink, Inc. (CTL), Facebook, Inc. (FB)

361 Capital LLC acquired a new position in CenturyLink, Inc. AlphaMark Advisors LLC's holdings in Centurylink were worth $2,102,000 as of its most recent filing with the SEC. The institutional investor acquired 62,986 shares of the technology company's stock, valued at approximately $1,504,000. For the quarter, shares have been noted at 24.76%. The value of the company's investment in CenturyLink, Inc. went from $10,985,000 to $17,388,000 a change of 58.3% quarter to quarter.

Other large investors have also modified their holdings of the company. State Street Corp boosted its holdings in CenturyLink by 1.0% during the first quarter. Dimensional Fund Advisors LP now owns 9,689,431 shares of the technology company's stock worth $231,404,000 after purchasing an additional 301,671 shares during the last quarter. The target implies a 12.75% spike from where the shares are now trading. Northern Trust Corp grew its position in CenturyLink by 1.4% in the 2nd quarter. First Manhattan Co. now owns 37,199 shares of the technology company's stock worth $888,000 after purchasing an additional 126 shares during the period.

Traders are more bearish on CenturyLink, Inc. of late if you take into consideration the motion in short interest.

Shares are trading at $20.35 slightly over $19.45, the stock's 50 day moving average and which is quite a bit lower than the 200 day moving average of $22.89.

Tightening the gaze, stock performance for the last 5 trading days is -1.97%. Vanguard Group Inc. now owns 57,351,163 shares of the technology company's stock worth $1,369,547,000 after purchasing an additional 10,583,246 shares during the last quarter. Over the last five days, shares have managed 0.9% gains and now is down -13.41% since hitting its 200-day moving average of $22.91. The firm has a market cap of $11.17 billion, a price-to-earnings ratio of 29.45 and a beta of 0.89.

5 year sales growth rate is an important factor for valuation analysis, the industry's and the sector's growth for next 5 years ticked at -2.36 and -8.01 respectively. The company had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.27 billion. The company saw a rise in short interest of 0.74% as of September 29, 2017 from the last reporting period.

Investment analysts at Oppenheimer Holdings dropped their FY2017 earnings per share estimates for CenturyLink in a research note issued to investors on Friday.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. The dividend payment was $0.540 per share for the quarter or $2.16 on an annualized basis. This dividend represents a yield of $10.63 which is the dividend as a percentage of the current share price. The ex-dividend date was Thursday, August 31st. Centurylink's payout ratio is presently 186.21%.

A number of research firms have weighed in on CTL. The stock now has a consensus rating of "Hold" and an average price target of $26.24. Barclays PLC cut their target price on CenturyLink from $23.00 to $19.00 and set an "underweight" rating for the company in a research report on Wednesday, October 4th.

The counter witnessed a trading volume of 11.24 million shares versus an average volume of 16.09 million shares during last trading session. Cowen and Company upped their target price on shares of CenturyLink from $25.00 to $27.00 and gave the company a "market perform" rating in a research note on Wednesday, July 5th. Bank of America Corp reissued a "buy" rating on shares of Centurylink in a research note on Tuesday, May 9th. Facebook, Inc. has 21 buy ratings, 2 holds and 1 sells even after the stock tumbled -1.57% from its high of $175.49 to a $493.41 billion market value through last close. The stock has an average rating of "Hold" and a consensus price target of $25.15.

TRADEMARK VIOLATION WARNING: This piece was reported by TrueBlueTribune and is the property of of TrueBlueTribune. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and global copyright and trademark law.

CenturyLink, Inc is an integrated communications company. The Company is engaged in providing an array of communications services to its residential and business customers.

Related News:

Most liked

Probe if there is evidence, says RSS on Jay Shah row
The BJP president also said after achieving a turnover of Rs 80 crore, his son's company suffered a loss of Rs 1.5 crore. The Congress leader demanded Prime Minister Narendra Modi's initiation of an investigation into the matter.

Shakespeare confirms Adrien Silva training with Leicester
Leicester are monitoring Bacary Sagna's situation as boss Craig Shakespeare looks to bolster his team's defence. He said: 'We have looked at him before but we haven't spoken about him recently.

Officer reportedly shot in New Orleans East
After a call of an officer's life "in danger" in New Orleans East, an NOPD officer has died in the line of duty. There was a large police presence in an apartment complex near where the shooting happened.

Mikel Merino signs for Newcastle from Borussia Dortmund in permanent deal
However, despite not reaching that figure he has now concluded his permanent move after making only eight appearances for the Bundesliga side.

US Navy Says Deadly McCain Collision Was 'Preventable'
Scott Swift, said last month he would retire early after being notified that he was not in the running to lead the U.S. The statement also announced that their temporary replacements are former USS McCampbell commanding officer Cmdr.

Court defeat means Jacob Zuma is running out of road
He also conceded that a decision to withdraw charges that was based exclusively on the timing of the indictment was irrational. The NPA argued that determining the date for the serving of an indictment on Zuma was politically motivated.

FIFA Investigating Tim Cahill Over His Sponsored Celebration
The Socceroos face CONCACAF nation Honduras next month in an intercontinental play-off for a spot in the 2018 World Cup. Denmark's Nicklas Bendtner was fined £80,000 by UEFA in 2012 for showing his sponsored underwear.

CymaBay Therapeutics Inc. (NASDAQ:CBAY) Sees Price Swing - Down by 2.47%
CCI is relatively high when prices are much higher than average, and relatively low when prices are much lower than the average. You can get a sense of how sustainable that is by a levered free cash flow of $-19.24 Million over the past twelve months.

Mass. House Moves Quickly To Ban Bump Stocks
A bump stock allows a shooter to fire several shots in succession on a semiautomatic firearm, mimicking automatic gun fire. The Senate bill would classify bump stocks and trigger cranks under the same state laws restricting machine-guns.

Plains All American Pipeline, LP Plans Quarterly Dividend of $0.30 (PAA)
It turned negative, as 5 investors sold BCBP shares while 8 reduced holdings. 42 funds opened positions while 35 raised stakes. Trust Co. of Vermont boosted its position in shares of Plains All American Pipeline, L.P.by 1,260.0% in the first quarter.

Today Analysts Focus on Great Plains Energy Incorporated (GXP), Sterling Bancorp (STL)
The price to book ratio or market to book ratio for Great Plains Energy Incorporated (NYSE: GXP ) now stands at 1.280350. Great Plains Energy Incorporated (GXP ) stock price traded Upswing on volume of 1.6 million shares in recent session.

Christmas sign-up starts October 23 at Salvation Army
This year, applications are being taken at The Salvation Army, 330 Waldo Ave., from 10 a.m.to 3 p.m. on October 17, 18, 19, 24, 25, 26, 31, and November 1 and 2.

Nehra set to retire
The Delhi-native has collected 44 test, 157 one-day worldwide and 34 Twenty20 wickets in his 18-year global career. In his prolonged journey, the veteran picked 157 ODI wickets for the country.

Gran Turismo Sport features Lewis Hamilton as in-game mentor
Any in-game credit earned, as well as unlocked vehicles, will be transferable to the full game when it launches on October 17. Despite several attempts, shaving off that extra second may be hard .

Ask BCCI about my yo-yo test, says Suresh Raina
He, alongside Yuvraj Singh, was not picked to play for Virat Kohli-led India after reportedly failing the Yo-Yo test. We have still five more games to go and after that match we had a chat. "It was a different wicket".