Lumos Networks Corp. (NASDAQ:LMOS) EVP Joseph E. Jr. Mccourt sold 2,000 shares of Lumos Networks Corp. stock in a transaction on Monday, September 19th. The shares were sold at an average price of $13.96, for a total value of $27,920.00. Following the transaction, the executive vice president now owns 47,887 shares in the company, valued at approximately $668,502.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Lumos Networks Corp. (NASDAQ:LMOS) opened at 13.955 on Thursday. Lumos Networks Corp. has a 52 week low of $10.18 and a 52 week high of $14.20. The stock has a market cap of $327.43 million, a P/E ratio of 143.866 and a beta of 0.18. The firm has a 50-day moving average price of $13.52 and a 200-day moving average price of $12.66.

Lumos Networks Corp. (NASDAQ:LMOS) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.02. The company had revenue of $52.40 million for the quarter, compared to the consensus estimate of $51.74 million. Lumos Networks Corp. had a return on equity of 1.74% and a net margin of 1.12%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.14 EPS. On average, equities research analysts predict that Lumos Networks Corp. will post $0.00 EPS for the current year.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/22/lumos-networks-corp-lmos-evp-joseph-e-jr-mccourt-sells-2000-shares.html

A number of research analysts have recently weighed in on the company. Drexel Hamilton set a $18.00 price target on Lumos Networks Corp. and gave the company a “buy” rating in a report on Wednesday, August 31st. Jefferies Group upgraded Lumos Networks Corp. from a “hold” rating to a “buy” rating and lifted their price target for the company from $15.00 to $16.00 in a report on Thursday, August 4th. Finally, BTIG Research assumed coverage on Lumos Networks Corp. in a report on Thursday, August 11th. They set a “buy” rating and a $17.50 price target on the stock. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $17.90.

Several hedge funds and other institutional investors have recently bought and sold shares of LMOS. Louisiana State Employees Retirement System increased its position in Lumos Networks Corp. by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 10,300 shares of the company’s stock worth $125,000 after buying an additional 100 shares during the period. Arizona State Retirement System increased its position in Lumos Networks Corp. by 2.5% in the second quarter. Arizona State Retirement System now owns 12,080 shares of the company’s stock worth $146,000 after buying an additional 300 shares during the period. Rhumbline Advisers increased its position in Lumos Networks Corp. by 1.1% in the second quarter. Rhumbline Advisers now owns 28,586 shares of the company’s stock worth $346,000 after buying an additional 306 shares during the period. Spark Investment Management LLC increased its position in Lumos Networks Corp. by 1.4% in the second quarter. Spark Investment Management LLC now owns 29,200 shares of the company’s stock worth $353,000 after buying an additional 400 shares during the period. Finally, Thrivent Financial for Lutherans increased its position in Lumos Networks Corp. by 8.1% in the second quarter. Thrivent Financial for Lutherans now owns 11,390 shares of the company’s stock worth $138,000 after buying an additional 850 shares during the period. 85.16% of the stock is currently owned by institutional investors.

Lumos Networks Corp. Company Profile

Lumos Networks Corp. is a fiber-based bandwidth infrastructure and service provider in the Mid-Atlantic region with a network of long-haul fiber, metro Ethernet and Ethernet rings located primarily in Virginia and West Virginia, and portions of Maryland, Pennsylvania, Ohio and Kentucky. The Company serves carrier, business and residential customers over its fiber network offering data, voice and Internet protocol (IP) services.

5 Day Chart for NASDAQ:LMOS

Receive News & Ratings for Lumos Networks Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lumos Networks Corp. and related companies with MarketBeat.com's FREE daily email newsletter.