Corient Private Wealth LLC Has $194,000 Stock Holdings in Lumen Technologies, Inc. (NYSE:LUMN)

Corient Private Wealth LLC decreased its stake in Lumen Technologies, Inc. (NYSE:LUMN) by 23.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 36,598 shares of the technology company’s stock after selling 11,182 shares during the quarter. Corient Private Wealth LLC’s holdings in Lumen Technologies were worth $194,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Legacy Investment Solutions LLC purchased a new stake in Lumen Technologies in 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 position in Lumen Technologies by 173.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 6,745 shares of the technology company’s stock worth $36,000 after buying an additional 4,277 shares in the last quarter. R Squared Ltd purchased a new position in shares of Lumen Technologies during the 4th quarter valued at $48,000. Finally, HB Wealth Management LLC purchased a new stake in shares of Lumen Technologies during the fourth quarter worth $59,000. Hedge funds and other institutional investors own 66.19% of the company’s stock.

Lumen Technologies Trading Down 2.2 %

Shares of NYSE:LUMN opened at $3.84 on Wednesday. Lumen Technologies, Inc. has a 52-week low of $0.97 and a 52-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 company has a market cap of $3.93 billion, a P/E ratio of -76.68 and a beta of 1.28. The stock’s 50-day moving average is $4.82 and its 200-day moving average is $6.01.

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

Analysts Set New Price Targets

A number of research analysts have commented on LUMN shares. Royal Bank of Canada restated a “sector perform” rating and issued a $4.25 target price on shares of Lumen Technologies in a research note on Monday, February 10th. Citigroup upgraded Lumen Technologies from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $8.00 to $6.50 in a report on Wednesday, February 26th. Finally, Wells Fargo & Company upgraded 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 research note on Friday, February 21st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target 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.