Jones Financial Companies Lllp Has $76,000 Position in Lumen Technologies, Inc. (NYSE:LUMN)

Jones Financial Companies Lllp boosted its stake in shares of Lumen Technologies, Inc. (NYSE:LUMN) by 166.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,361 shares of the technology company’s stock after buying an additional 8,963 shares during the quarter. Jones Financial Companies Lllp’s holdings in Lumen Technologies were worth $76,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LUMN. Legacy Investment Solutions LLC acquired a new position in Lumen Technologies during the 3rd quarter worth about $30,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Lumen Technologies in the 3rd quarter valued at about $36,000. Smartleaf Asset Management LLC lifted its stake in shares of Lumen Technologies by 173.3% in the 4th 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 acquired a new position in shares of Lumen Technologies in the 4th quarter valued at about $48,000. Finally, HB Wealth Management LLC acquired a new position in shares of Lumen Technologies in the 4th quarter valued at about $59,000. 66.19% of the stock is owned by institutional investors and hedge funds.

Lumen Technologies Stock Performance

Shares of Lumen Technologies stock opened at $4.88 on Monday. 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 business has a 50-day simple moving average of $5.07 and a 200 day simple moving average of $6.10. The firm has a market capitalization of $4.94 billion, a price-to-earnings ratio of -97.48 and a beta of 1.28. Lumen Technologies, Inc. has a one year low of $0.97 and a one year high of $10.33.

Lumen Technologies (NYSE:LUMN) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported $0.09 EPS for the quarter, topping 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%. On average, research analysts anticipate that Lumen Technologies, Inc. will post -0.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LUMN has been the topic of a number of recent analyst reports. Wells Fargo & Company raised Lumen Technologies from an “underweight” rating to an “equal weight” rating and set a $5.00 price objective on the stock in a research note on Friday, February 21st. Citigroup raised Lumen Technologies from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $8.00 to $6.50 in a research note on Wednesday, February 26th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $4.25 price objective on shares of Lumen Technologies in a research note on Monday, February 10th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $4.59.

About Lumen Technologies

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.