CenturyLink, Inc. (NYSE:CTL) reached 26.14% versus a 1-year low price of $9.64. The stock was last seen -0.82% lower, reaching at $12.16 on 7/16/2019. At a recent session, the prices were hovering between $12.125 and $12.34. This company shares are 6.25% off its target price of $12.92 and the current market capitalization stands at $13.1B. The recent change has given its price a 10.38% lead over SMA 50 and -49.75% deficit over its 52-week high. The stock witnessed 9.55% gains, 1.59% gains and -25.03% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found CTL’s volatility during a week at 1.85% and during a month it has been found around 2.27%.
What Does CenturyLink, Inc. (CTL) Do?
The company describes itself in regulatory filings as, “CenturyLink, Inc. is an investment holding company, which engages in the provision of integrated communications to residential and business customers. It operates through the Business and Consumer segment. The Business segment offers local and long-distance voice, VPN data network, private line, Ethernet, information technology, wavelength, broadband, colocation and data center services, managed services, professional and other services provided in connection with selling equipment, network security, and various other ancillary services to small, medium and enterprise business, wholesale and government customers, and other communication providers. The Consumer segment provides broadband, local and long-distance voice, video, and other ancillary services to residential customers. The company was founded in 1930 and is headquartered in Monroe, LA.” [Text can be found here: https://www.marketwatch.com/investing/stock/CTL/profile under company description.]CenturyLink, Inc. (CTL) Top Holders
Institutional investors currently hold around $10.05 billion or 76.4% in CTL stock. Look at its top three institutional owners: Vanguard Group Inc owns $1.31 billion in CenturyLink, Inc., which represents roughly 9.97% of the company’s market cap and approximately 13% of the institutional ownership. Similar statistics are true for the second largest owner, Temasek Holdings (Private) Ltd, which owns 97,259,407 shares of the stock are valued at $1.19 billion. The third largest holder is Blackrock Inc., which currently holds $1.06 billion worth of this stock and that ownership represents nearly 8.12% of its market capitalization.CenturyLink, Inc. 13F Filings
At the end of March reporting period, 389 institutional holders increased their position in CenturyLink, Inc. (NYSE:CTL) by some 78,179,300 shares, 340 decreased positions by 82,162,891 and 112 held positions by 659,057,727. That puts total institutional holdings at 819,399,918 shares, according to SEC filings. The stock grabbed 93 new institutional investments totaling 8,256,021 shares while 103 institutional investors sold out their entire positions totaling 19,565,384 shares.CenturyLink, Inc. (NYSE:CTL) Insider Trades
Multiple company employees have indulged in significant insider trading. CenturyLink, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Lead Independent Director HANKS WILLIAM BRUCE has acquired 10,000 shares of CenturyLink, Inc. (CTL) in the trading session dated May. 30, 2019. These shares are worth $106,300 and were traded at $10.63 each. The SEC filing shows that GLENN T MICHAEL performed a purchase of 20,000 shares. The Director added these shares by way of transaction on May. 23, 2019. The company’s shares were assimilated at $9.83 per share worth to an investment of some $196,600 to the account of GLENN T MICHAEL.
EVP and CFO, Dev Indraneel, purchased 15,000 common shares of CenturyLink, Inc. (CTL) in the open market. In a transaction dated May. 23, 2019, the shares were bought at an average price of $9.81, giving away a sum of $147,150. After this purchase, 479,358 common shares of CTL are directly owned by the insider, with total stake valued at $5,828,993.
In the transaction dated May. 23, 2019, a great number of shares acquired came courtesy the President & CEO; STOREY JEFFREY K added a total of 50,000 shares at an average price of $9.83, amounting to approximately $491,500. The insider now directly owns 3,245,655 shares worth $39,467,165.CenturyLink, Inc. (CTL) Analyst Guide
Several analysts have released their opinion on CenturyLink, Inc. (NYSE:CTL), with 2 analysts believing it is a strong buy. Whereas 10 of them predict the stock is a hold. Also, there are 1 buy, 1 sell and 0 strong sell ratings, collectively assigning a 2.71 average brokerage recommendation [T1].