Balyasny Asset Management LLC Buys Shares of 167,234 CenturyLink, Inc. (CTL)

Balyasny Asset Management LLC bought a new stake in shares of CenturyLink, Inc. (NYSE:CTL) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 167,234 shares of the technology company’s stock, valued at approximately $3,994,000.

Other institutional investors have also made changes to their positions in the company. Endurance Wealth Management Inc. grew its stake in shares of CenturyLink by 18.5% during the second quarter. Endurance Wealth Management Inc. now owns 4,650 shares of the technology company’s stock valued at $111,000 after acquiring an additional 725 shares in the last quarter. FNY Managed Accounts LLC acquired a new stake in shares of CenturyLink during the first quarter valued at about $120,000. Exane Derivatives grew its stake in shares of CenturyLink by 27.6% during the second quarter. Exane Derivatives now owns 6,645 shares of the technology company’s stock valued at $159,000 after acquiring an additional 1,436 shares in the last quarter. First City Capital Management Inc. acquired a new stake in shares of CenturyLink during the first quarter valued at about $215,000. Finally, WealthPLAN Partners LLC grew its stake in shares of CenturyLink by 5,660.0% during the second quarter. WealthPLAN Partners LLC now owns 8,640 shares of the technology company’s stock valued at $206,000 after acquiring an additional 8,490 shares in the last quarter. Institutional investors own 83.04% of the company’s stock.

CenturyLink, Inc. (NYSE:CTL) opened at 20.10 on Tuesday. The company has a 50-day moving average price of $19.41 and a 200-day moving average price of $22.95. The firm has a market capitalization of $11.05 billion, a P/E ratio of 29.13 and a beta of 0.89. CenturyLink, Inc. has a 1-year low of $18.17 and a 1-year high of $33.45.

CenturyLink (NYSE:CTL) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.03). CenturyLink had a return on equity of 8.43% and a net margin of 2.20%. The company had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the previous year, the firm posted $0.63 EPS. The business’s revenue for the quarter was down 7.0% compared to the same quarter last year. On average, equities research analysts predict that CenturyLink, Inc. will post $1.94 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $2.16 annualized dividend and a dividend yield of 10.75%. CenturyLink’s payout ratio is 313.04%.

Several brokerages have recently weighed in on CTL. UBS AG set a $29.00 target price on CenturyLink and gave the company a “buy” rating in a research note on Thursday, June 22nd. ValuEngine upgraded CenturyLink from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Royal Bank Of Canada restated a “hold” rating and set a $25.00 target price on shares of CenturyLink in a research note on Monday, September 18th. Zacks Investment Research downgraded CenturyLink from a “hold” rating to a “strong sell” rating in a research note on Friday, August 25th. Finally, Morgan Stanley lowered their target price on CenturyLink from $27.00 to $26.00 and set an “overweight” rating for the company in a research note on Wednesday, August 23rd. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $25.55.

ILLEGAL ACTIVITY NOTICE: This report was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another domain, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/10/balyasny-asset-management-llc-buys-shares-of-167234-centurylink-inc-ctl.html.

CenturyLink Profile

CenturyLink, Inc is an integrated communic

Other institutional investors have also made changes to their positions in the company. Endurance Wealth Management Inc. grew its stake in shares of CenturyLink by 18.5% during the second quarter. Endurance Wealth Management Inc. now owns 4,650 shares of the technology company’s stock valued at $111,000 after acquiring an additional 725 shares in the last quarter. FNY Managed Accounts LLC acquired a new stake in shares of CenturyLink during the first quarter valued at about $120,000. Exane Derivatives grew its stake in shares of CenturyLink by 27.6% during the second quarter. Exane Derivatives now owns 6,645 shares of the technology company’s stock valued at $159,000 after acquiring an additional 1,436 shares in the last quarter. First City Capital Management Inc. acquired a new stake in shares of CenturyLink during the first quarter valued at about $215,000. Finally, WealthPLAN Partners LLC grew its stake in shares of CenturyLink by 5,660.0% during the second quarter. WealthPLAN Partners LLC now owns 8,640 shares of the technology company’s stock valued at $206,000 after acquiring an additional 8,490 shares in the last quarter. Institutional investors own 83.04% of the company’s stock.

CenturyLink, Inc. (NYSE:CTL) opened at 20.10 on Tuesday. The company has a 50-day moving average price of $19.41 and a 200-day moving average price of $22.95. The firm has a market capitalization of $11.05 billion, a P/E ratio of 29.13 and a beta of 0.89. CenturyLink, Inc. has a 1-year low of $18.17 and a 1-year high of $33.45.

CenturyLink (NYSE:CTL) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.03). CenturyLink had a return on equity of 8.43% and a net margin of 2.20%. The company had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the previous year, the firm posted $0.63 EPS. The business’s revenue for the quarter was down 7.0% compared to the same quarter last year. On average, equities research analysts predict that CenturyLink, Inc. will post $1.94 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $2.16 annualized dividend and a dividend yield of 10.75%. CenturyLink’s payout ratio is 313.04%.

Several brokerages have recently weighed in on CTL. UBS AG set a $29.00 target price on CenturyLink and gave the company a “buy” rating in a research note on Thursday, June 22nd. ValuEngine upgraded CenturyLink from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Royal Bank Of Canada restated a “hold” rating and set a $25.00 target price on shares of CenturyLink in a research note on Monday, September 18th. Zacks Investment Research downgraded CenturyLink from a “hold” rating to a “strong sell” rating in a research note on Friday, August 25th. Finally, Morgan Stanley lowered their target price on CenturyLink from $27.00 to $26.00 and set an “overweight” rating for the company in a research note on Wednesday, August 23rd. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $25.55.

ILLEGAL ACTIVITY NOTICE: This report was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another domain, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/10/balyasny-asset-management-llc-buys-shares-of-167234-centurylink-inc-ctl.html.

CenturyLink Profile

CenturyLink, Inc is an integrated communications company. The Company is engaged in providing an array of communications services to its residential and business customers. Its segments include business, which provides strategic, legacy and data integration products and services to small, medium and enterprise business, wholesale and governmental customers, including other communication providers, and consumer, which provides strategic and legacy products and services to residential customers.

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Institutional Ownership by Quarter for CenturyLink (NYSE:CTL)

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