Stephens Inc. AR Sells 14,185 Shares of Lumen Technologies, Inc. (NYSE:LUMN)

Stephens Inc. AR lessened its holdings in Lumen Technologies, Inc. (NYSE:LUMN) by 52.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,885 shares of the technology company’s stock after selling 14,185 shares during the period. Stephens Inc. AR’s holdings in Lumen Technologies were worth $68,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in LUMN. Sanctuary Advisors LLC purchased a new stake in Lumen Technologies in the 2nd quarter worth approximately $25,000. CWM LLC increased its holdings in Lumen Technologies by 49.6% in the 3rd quarter. CWM LLC now owns 15,692 shares of the technology company’s stock worth $111,000 after acquiring an additional 5,202 shares in the last quarter. Creative Planning increased its holdings in Lumen Technologies by 8.2% in the 3rd quarter. Creative Planning now owns 323,628 shares of the technology company’s stock worth $2,298,000 after acquiring an additional 24,565 shares in the last quarter. Cornerstone Wealth Management LLC increased its holdings in Lumen Technologies by 25.8% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 21,936 shares of the technology company’s stock worth $156,000 after acquiring an additional 4,500 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Lumen Technologies in the 3rd quarter worth approximately $46,000. Institutional investors own 66.19% of the company’s stock.

Lumen Technologies Trading Down 2.4 %

LUMN stock opened at $4.60 on Monday. The firm has a fifty day moving average price of $5.51 and a 200 day moving average price of $6.16. Lumen Technologies, Inc. has a fifty-two week low of $0.97 and a fifty-two week high of $10.33. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.20 and a current ratio of 1.21. The firm has a market cap of $4.66 billion, a PE ratio of -91.88 and a beta of 1.28.

Lumen Technologies (NYSE:LUMN) last posted its earnings results on Tuesday, February 4th. The technology company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates 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 anticipate that Lumen Technologies, Inc. will post -0.79 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on LUMN shares. 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. Citigroup increased their price objective on shares of Lumen Technologies from $6.50 to $8.00 and gave the company a “neutral” rating in a report on Friday, November 29th. TD Cowen cut their price objective on shares of Lumen Technologies from $7.00 to $6.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group increased their price objective on shares of Lumen Technologies from $4.50 to $5.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat.com, Lumen Technologies has a consensus rating of “Hold” and a consensus target price of $4.66.

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.