By otakuyassine3@gmail.com 
Madison Investment Advisors LLC purchased a new stake in shares of Lumen Technologies, Inc. (NYSE:LUMN – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 124,000 shares of the technology company’s stock, valued at approximately $658,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Los Angeles Capital Management LLC increased its position in shares of Lumen Technologies by 20.3% during the 4th quarter. Los Angeles Capital Management LLC now owns 14,760 shares of the technology company’s stock valued at $78,000 after purchasing an additional 2,489 shares during the last quarter. Avior Wealth Management LLC increased its holdings in Lumen Technologies by 6.8% in the 4th quarter. Avior Wealth Management LLC now owns 41,845 shares of the technology company’s stock worth $222,000 after acquiring an additional 2,657 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in Lumen Technologies by 8.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 39,037 shares of the technology company’s stock worth $207,000 after acquiring an additional 3,109 shares in the last quarter. Ballentine Partners LLC increased its holdings in Lumen Technologies by 14.8% in the 4th quarter. Ballentine Partners LLC now owns 30,074 shares of the technology company’s stock worth $160,000 after acquiring an additional 3,868 shares in the last quarter. Finally, Legacy Investment Solutions LLC purchased a new stake in Lumen Technologies in the 3rd quarter worth approximately $30,000. Hedge funds and other institutional investors own 66.19% of the company’s stock.
Lumen Technologies Trading Up 0.3 %
LUMN stock opened at $4.94 on Friday. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.21 and a quick ratio of 1.20. The company has a market capitalization of $5.00 billion, a price-to-earnings ratio of -98.68 and a beta of 1.28. Lumen Technologies, Inc. has a 1-year low of $0.97 and a 1-year high of $10.33. The business has a 50 day simple moving average of $5.01 and a two-hundred day simple moving average of $6.08.
Lumen Technologies (NYSE:LUMN – Get Free Report) last posted its earnings results on Tuesday, February 4th. The technology company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.14. Lumen Technologies had a negative return on equity of 46.17% and a negative net margin of 0.42%. Research analysts anticipate that Lumen Technologies, Inc. will post -0.87 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on LUMN shares. Citigroup raised shares of Lumen Technologies from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $8.00 to $6.50 in a report on Wednesday, February 26th. Wells Fargo & Company raised shares of Lumen Technologies from an “underweight” rating to an “equal weight” rating and set a $5.00 target price for the company in a report on Friday, February 21st. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $4.25 target price on shares of Lumen Technologies in a report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. According to MarketBeat, Lumen Technologies has a consensus rating of “Hold” and an average price target of $4.59.
Get Our Latest Research Report on Lumen Technologies
Lumen Technologies Company Profile
Lumen Technologies, Inc, a facilities-based technology and communications company, provides various integrated products and services to business and residential customers in the United States and internationally. The company operates in two segments, Business and Mass Markets. It offers dark fiber, edge cloud services, internet protocol, managed security, software-defined wide area networks, secure access service edge, unified communications and collaboration, and optical wavelengths services; ethernet and VPN data networks services; and legacy services to manage cash flow, including time division multiplexing voice, private line, and other legacy services, as well as sells communication equipment, and IT solutions.
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