US Bancorp DE Has $69,000 Stock Holdings in Lumen Technologies, Inc. (NYSE:LUMN)

US Bancorp DE reduced its holdings in Lumen Technologies, Inc. (NYSE:LUMN) by 13.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,933 shares of the technology company’s stock after selling 2,079 shares during the period. US Bancorp DE’s holdings in Lumen Technologies were worth $69,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Los Angeles Capital Management LLC lifted its position in shares of Lumen Technologies by 20.3% in the fourth quarter. Los Angeles Capital Management LLC now owns 14,760 shares of the technology company’s stock worth $78,000 after purchasing an additional 2,489 shares in the last quarter. Avior Wealth Management LLC lifted its position in Lumen Technologies by 6.8% in the 4th quarter. Avior Wealth Management LLC now owns 41,845 shares of the technology company’s stock worth $222,000 after buying an additional 2,657 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of Lumen Technologies by 8.7% during the 4th quarter. Oppenheimer & Co. Inc. now owns 39,037 shares of the technology company’s stock valued at $207,000 after buying an additional 3,109 shares during the period. Prime Capital Investment Advisors LLC grew its stake in Lumen Technologies by 18.3% in the third quarter. Prime Capital Investment Advisors LLC now owns 24,308 shares of the technology company’s stock valued at $173,000 after purchasing an additional 3,756 shares in the last quarter. Finally, Ballentine Partners LLC increased its position in Lumen Technologies by 14.8% in the 4th quarter. Ballentine Partners LLC now owns 30,074 shares of the technology company’s stock worth $160,000 after purchasing an additional 3,868 shares during the last quarter. 66.19% of the stock is currently owned by institutional investors and hedge funds.

Lumen Technologies Stock Performance

Shares of LUMN opened at $5.08 on Tuesday. The company has a market capitalization of $5.15 billion, a PE ratio of -101.48 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, Inc. has a one year low of $0.97 and a one year high of $10.33. The company’s fifty day moving average price is $5.05 and its 200 day moving average price is $6.10.

Lumen Technologies (NYSE:LUMN) last announced its earnings results on Tuesday, February 4th. The technology company reported $0.09 earnings per share for the quarter, beating 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%. As a group, analysts expect that Lumen Technologies, Inc. will post -0.87 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on LUMN shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $4.25 price target on shares of Lumen Technologies in a research note on Monday, February 10th. Citigroup upgraded shares of Lumen Technologies from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $8.00 to $6.50 in a research note on Wednesday, February 26th. Finally, Wells Fargo & Company raised shares of Lumen Technologies from an “underweight” rating to an “equal weight” rating and set a $5.00 price objective for the company in a research note on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus 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.