11,583 Shares in Lumen Technologies, Inc. (NYSE:LUMN) Acquired by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH purchased a new position in shares of Lumen Technologies, Inc. (NYSE:LUMN) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 11,583 shares of the technology company’s stock, valued at approximately $62,000.

A number of other large investors have also bought and sold shares of the business. Smartleaf Asset Management LLC lifted its holdings in Lumen Technologies by 173.3% during 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. Lazard Asset Management LLC lifted its holdings in Lumen Technologies by 3,825.7% during the 4th quarter. Lazard Asset Management LLC now owns 7,498 shares of the technology company’s stock worth $39,000 after buying an additional 7,307 shares in the last quarter. R Squared Ltd acquired a new position in Lumen Technologies during the 4th quarter worth $48,000. Quantinno Capital Management LP acquired a new position in Lumen Technologies during the 4th quarter worth $54,000. Finally, Seeds Investor LLC acquired a new position in Lumen Technologies during the 4th quarter worth $57,000. 66.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

LUMN has been the topic of several research reports. Raymond James raised Lumen Technologies from a “market perform” rating to an “outperform” rating and set a $4.50 price objective on the stock in a report on Monday, May 5th. Wells Fargo & Company raised Lumen Technologies from an “underweight” rating to an “equal weight” rating and set a $5.00 price target on the stock in a research note on Friday, February 21st. Citigroup raised Lumen Technologies from a “neutral” rating to a “buy” rating and cut their price target 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 target on shares of Lumen Technologies in a research note on Monday, February 10th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Lumen Technologies has a consensus rating of “Hold” and an average target price of $4.58.

Lumen Technologies Stock Performance

Shares of Lumen Technologies stock opened at $4.11 on Monday. The company has a market capitalization of $4.21 billion, a PE ratio of -82.08 and a beta of 1.34. Lumen Technologies, Inc. has a 12 month low of $0.97 and a 12 month high of $10.33. The company has a current ratio of 1.21, a quick ratio of 1.20 and a debt-to-equity ratio of 37.70. The stock’s fifty day simple moving average is $3.95 and its 200 day simple moving average is $5.31.

Lumen Technologies (NYSE:LUMN) last issued its quarterly earnings data on Thursday, May 1st. The technology company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.29) by $0.16. The business had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.12 billion. Lumen Technologies had a negative return on equity of 46.17% and a negative net margin of 0.42%. The firm’s revenue was down 3.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.04) EPS. On average, research analysts predict that Lumen Technologies, Inc. will post -0.87 EPS for the current year.

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.