25,737 Shares in Lumen Technologies, Inc. (NYSE:LUMN) Bought by GSA Capital Partners LLP

GSA Capital Partners LLP purchased a new stake in Lumen Technologies, Inc. (NYSE:LUMN) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 25,737 shares of the technology company’s stock, valued at approximately $183,000.

Several other institutional investors also recently modified their holdings of LUMN. Crossmark Global Holdings Inc. bought a new stake in shares of Lumen Technologies in the third quarter valued at approximately $433,000. Congress Asset Management Co. acquired a new position in shares of Lumen Technologies in the third quarter worth approximately $2,592,000. Quadrature Capital Ltd bought a new stake in shares of Lumen Technologies in the 1st quarter valued at $468,000. Mackenzie Financial Corp boosted its position in Lumen Technologies by 267.4% during the second quarter. Mackenzie Financial Corp now owns 236,390 shares of the technology company’s stock valued at $260,000 after acquiring an additional 172,040 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D acquired a new stake in Lumen Technologies during the third quarter worth approximately $2,710,000. 66.19% of the stock is currently owned by institutional investors and hedge funds.

Lumen Technologies Stock Up 0.4 %

Shares of NYSE:LUMN opened at $7.88 on Monday. Lumen Technologies, Inc. has a 1 year low of $0.97 and a 1 year high of $10.33. The firm has a market capitalization of $8.00 billion, a PE ratio of -3.63 and a beta of 1.21. The company has a debt-to-equity ratio of 53.05, a current ratio of 1.20 and a quick ratio of 1.20. The firm’s 50-day moving average is $7.15 and its two-hundred day moving average is $4.27.

Lumen Technologies (NYSE:LUMN) last posted its quarterly earnings data on Tuesday, November 5th. The technology company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.04). Lumen Technologies had a negative net margin of 16.06% and a negative return on equity of 49.74%. The business had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.21 billion. During the same quarter in the prior year, the firm posted ($0.09) earnings per share. The company’s revenue for the quarter was down 11.5% compared to the same quarter last year. Analysts predict that Lumen Technologies, Inc. will post -0.38 EPS for the current year.

Insiders Place Their Bets

In other Lumen Technologies news, Director James Fowler bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased at an average price of $4.70 per share, with a total value of $47,000.00. Following the transaction, the director now owns 384,056 shares in the company, valued at $1,805,063.20. This trade represents a 2.67 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.68% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Moffett Nathanson boosted their price objective on Lumen Technologies from $1.00 to $3.00 and gave the stock a “sell” rating in a report on Wednesday, August 7th. Bank of America lifted their price objective on shares of Lumen Technologies from $1.00 to $2.00 and gave the company an “underperform” rating in a research note on Thursday, August 8th. The Goldman Sachs Group raised their target price on shares of Lumen Technologies from $4.50 to $5.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Wells Fargo & Company cut Lumen Technologies from an “equal weight” rating to an “underweight” rating and increased their target price for the company from $1.75 to $4.00 in a report on Friday, August 16th. Finally, Citigroup raised shares of Lumen Technologies from a “sell” rating to a “neutral” rating and increased their price target for the stock from $1.25 to $3.15 in a research note on Tuesday, August 6th. Three analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat.com, Lumen Technologies has an average rating of “Hold” and an average target price of $4.02.

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.