1 week Ago By ABMN Staff
California Public Employees Retirement System lowered its holdings in Lumen Technologies, Inc. ( NYSE:LUMN – Free Report ) by 2.4% in the 4th quarter, Holdings Channel reports.
The firm owned 1,673,977 shares of the technology company’s stock after selling 41,902 shares during the period. California Public Employees Retirement System’s holdings in Lumen Technologies were worth $8,889,000 as of its most recent SEC filing. A number of other hedge funds and other institutional investors have also recently modified their holdings of the business.
Legacy Investment Solutions LLC purchased a new position in Lumen Technologies in the 3rd quarter worth about $30,000. Point72 Asia Singapore Pte. Ltd.
purchased a new position in shares of Lumen Technologies during the third quarter valued at approximately $36,000. Smartleaf Asset Management LLC lifted its position in Lumen Technologies by 173.3% during the fourth quarter.
Smartleaf Asset Management LLC now owns 6,745 shares of the technology company’s stock valued at $36,000 after purchasing an additional 4,277 shares during the period. R Squared Ltd purchased a new stake in Lumen Technologies in the fourth quarter worth approximately $48,000. Finally, HB Wealth Management LLC bought a new stake in Lumen Technologies in the 4th quarter worth approximately $59,000.
66.19% of the stock is owned by institutional investors. Lumen Technologies Stock Down 6.
4 % NYSE LUMN opened at $3.28 on Monday. Lumen Technologies, Inc.
has a 52 week low of $0.97 and a 52 week high of $10.33.
The company has a quick ratio of 1.20, a current ratio of 1.21 and a debt-to-equity ratio of 37.
70. The company has a market capitalization of $3.36 billion, a P/E ratio of -65.
49 and a beta of 1.29. The stock’s 50-day moving average price is $4.
69 and its 200-day moving average price is $5.96. Analyst Ratings Changes LUMN has been the topic of several research analyst reports.
Citigroup raised Lumen Technologies from a “neutral” rating to a “buy” rating and lowered their price target for the company from $8.00 to $6.50 in a report on Wednesday, February 26th.
Royal Bank of Canada reissued a “sector perform” rating and issued a $4.25 target price on shares of Lumen Technologies in a research report on Monday, February 10th. Finally, Wells Fargo & Company raised shares of Lumen Technologies from an “underweight” rating to an “equal weight” rating and set a $5.
00 price target for the company in a research report on Friday, February 21st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.
com, Lumen Technologies currently has a consensus rating of “Hold” and a consensus price target of $4.59. Get Our Latest Stock Report on LUMN Lumen Technologies Company Profile ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding LUMN? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Lumen Technologies, Inc. ( NYSE:LUMN – Free Report ). Receive News & Ratings for Lumen Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lumen Technologies and related companies with MarketBeat.
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