2 weeks Ago By ABMN Staff
Thrivent Financial for Lutherans cut its holdings in shares of Lumen Technologies, Inc. ( NYSE:LUMN – Free Report ) by 8.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC.
The firm owned 968,838 shares of the technology company’s stock after selling 87,897 shares during the period. Thrivent Financial for Lutherans owned 0.10% of Lumen Technologies worth $5,145,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. GSA Capital Partners LLP bought a new position in Lumen Technologies in the 3rd quarter worth $183,000. Natixis Advisors LLC bought a new position in Lumen Technologies in the third quarter worth about $1,071,000.
Pathstone Holdings LLC lifted its holdings in Lumen Technologies by 7.0% in the third quarter. Pathstone Holdings LLC now owns 442,441 shares of the technology company’s stock worth $3,141,000 after buying an additional 29,091 shares during the period.
Cerity Partners LLC boosted its position in Lumen Technologies by 120.2% during the 3rd quarter. Cerity Partners LLC now owns 113,025 shares of the technology company’s stock valued at $802,000 after acquiring an additional 61,689 shares in the last quarter.
Finally, Algert Global LLC raised its position in shares of Lumen Technologies by 188.6% in the 3rd quarter. Algert Global LLC now owns 293,530 shares of the technology company’s stock worth $2,084,000 after acquiring an additional 191,830 shares in the last quarter.
Institutional investors own 66.19% of the company’s stock. Wall Street Analyst Weigh In Several research firms recently weighed in on LUMN.
Citigroup upgraded Lumen Technologies from a “neutral” rating to a “buy” rating and dropped their price target for the company from $8.00 to $6.50 in a research report on Wednesday, February 26th.
Royal Bank of Canada restated a “sector perform” rating and set a $4.25 target price on shares of Lumen Technologies in a report on Monday, February 10th. Finally, Wells Fargo & Company upgraded 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 note on Friday, February 21st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.
com, the stock has an average rating of “Hold” and an average price target of $4.59. Lumen Technologies Price Performance LUMN opened at $4.
86 on Tuesday. Lumen Technologies, Inc. has a 1 year low of $0.
97 and a 1 year high of $10.33. The stock has a 50-day moving average price of $5.
00 and a 200-day moving average price of $6.08. The firm has a market cap of $4.
92 billion, a PE ratio of -97.10 and a beta of 1.28.
The company has a debt-to-equity ratio of 37.70, a current ratio of 1.21 and a quick ratio of 1.
20. Lumen Technologies ( NYSE:LUMN – Get Free Report ) last issued its earnings results on Tuesday, February 4th. The technology company reported $0.
09 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.14.
Lumen Technologies had a negative net margin of 0.42% and a negative return on equity of 46.17%.
Sell-side analysts predict that Lumen Technologies, Inc. will post -0.87 earnings per share for the current fiscal year.
Lumen Technologies 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.com's FREE daily email newsletter ..
