Oregon Public Employees Retirement Fund Has $1.27 Million Stock Holdings in Lumen Technologies, Inc. (NYSE:LUMN)

Oregon Public Employees Retirement Fund cut its stake in Lumen Technologies, Inc. (NYSE:LUMN) by 1.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 238,781 shares of the technology company’s stock after selling 4,098 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Lumen Technologies were worth $1,268,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new position in Lumen Technologies in the 3rd quarter valued at $30,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Lumen Technologies in the 3rd quarter valued at $36,000. Allspring Global Investments Holdings LLC acquired a new position in Lumen Technologies in the 3rd quarter valued at $46,000. R Squared Ltd acquired a new position in Lumen Technologies in the 4th quarter valued at $48,000. Finally, HB Wealth Management LLC acquired a new position in Lumen Technologies in the 4th quarter valued at $59,000. 66.19% of the stock is owned by institutional investors and hedge funds.

Lumen Technologies Stock Up 4.5 %

Shares of NYSE:LUMN opened at $4.72 on Friday. 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 business’s 50 day simple moving average is $5.19 and its two-hundred day simple moving average is $6.16. The firm has a market cap of $4.78 billion, a P/E ratio of -94.28 and a beta of 1.28.

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

Wall Street Analysts Forecast Growth

LUMN has been the subject of a number of research analyst reports. Citigroup raised Lumen Technologies from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $8.00 to $6.50 in a report on Wednesday. Royal Bank of Canada reissued a “sector perform” rating and set a $4.25 price target on shares of Lumen Technologies in a report on Monday, February 10th. Wells Fargo & Company raised Lumen Technologies from an “underweight” rating to an “equal weight” rating and set a $5.00 price target for the company in a report on Friday, February 21st. TD Cowen lowered their price target on Lumen Technologies from $7.00 to $6.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group boosted their price target on Lumen Technologies from $4.50 to $5.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Lumen Technologies has an average rating of “Hold” and an average price target of $4.59.

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.