Xponance Inc. Has $406,000 Holdings in Lumen Technologies, Inc. (NYSE:LUMN)

Xponance Inc. boosted its position in shares of Lumen Technologies, Inc. (NYSE:LUMN) by 11.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 76,464 shares of the technology company’s stock after buying an additional 7,646 shares during the period. Xponance Inc.’s holdings in Lumen Technologies were worth $406,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hennessy Advisors Inc. acquired a new stake in shares of Lumen Technologies during the 4th quarter worth approximately $45,089,000. Allianz Asset Management GmbH boosted its holdings in shares of Lumen Technologies by 28.1% in the 4th quarter. Allianz Asset Management GmbH now owns 7,790,277 shares of the technology company’s stock valued at $41,366,000 after purchasing an additional 1,710,373 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Lumen Technologies by 23.4% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,029,938 shares of the technology company’s stock valued at $21,399,000 after purchasing an additional 764,523 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Lumen Technologies by 46.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 2,081,965 shares of the technology company’s stock worth $11,055,000 after buying an additional 664,823 shares during the last quarter. Finally, FORA Capital LLC acquired a new stake in Lumen Technologies in the third quarter valued at about $2,909,000. 66.19% of the stock is currently owned by institutional investors and hedge funds.

Lumen Technologies Stock Performance

Shares of Lumen Technologies stock opened at $4.17 on Thursday. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of -83.28 and a beta of 1.28. The company has a quick ratio of 1.20, a current ratio of 1.21 and a debt-to-equity ratio of 37.70. Lumen Technologies, Inc. has a twelve month low of $0.97 and a twelve month high of $10.33. The company’s fifty day moving average is $4.95 and its 200 day moving average is $6.06.

Lumen Technologies (NYSE:LUMN) last issued its quarterly 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%. Sell-side analysts forecast that Lumen Technologies, Inc. will post -0.87 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on LUMN. Wells Fargo & Company raised 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 report on Friday, February 21st. Royal Bank of Canada reissued a “sector perform” rating and issued a $4.25 price objective on shares of Lumen Technologies in a research note on Monday, February 10th. Finally, Citigroup raised shares of Lumen Technologies from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $8.00 to $6.50 in a research note on Wednesday, February 26th. Two investment 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. According to MarketBeat, Lumen Technologies 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.