Lumos Networks Corp. (NASDAQ:LMOS) posted its quarterly earnings data on Monday. The utilities provider reported $0.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.03, reports. Lumos Networks Corp. had a negative return on equity of 2.29% and a negative net margin of 1.39%.

Lumos Networks Corp. (NASDAQ:LMOS) traded down 0.11% on Monday, reaching $17.90. The company’s stock had a trading volume of 14,482 shares. The firm’s 50-day moving average price is $17.88 and its 200 day moving average price is $17.43. The company’s market cap is $428.60 million. Lumos Networks Corp. has a 52-week low of $12.48 and a 52-week high of $17.99.

A number of research analysts recently issued reports on LMOS shares. Zacks Investment Research upgraded Lumos Networks Corp. from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. BidaskClub downgraded Lumos Networks Corp. from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $19.25.

Hedge funds have recently modified their holdings of the company. Municipal Employees Retirement System of Michigan raised its stake in shares of Lumos Networks Corp. by 6.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 5,660 shares of the utilities provider’s stock worth $101,000 after buying an additional 330 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Lumos Networks Corp. by 48.7% in the second quarter. BNP Paribas Arbitrage SA now owns 8,200 shares of the utilities provider’s stock worth $147,000 after buying an additional 2,686 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Lumos Networks Corp. by 0.8% in the first quarter. Arizona State Retirement System now owns 12,280 shares of the utilities provider’s stock worth $217,000 after buying an additional 100 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Lumos Networks Corp. by 5.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 12,680 shares of the utilities provider’s stock worth $198,000 after buying an additional 700 shares in the last quarter. Finally, Thrivent Financial For Lutherans raised its stake in shares of Lumos Networks Corp. by 4.8% in the first quarter. Thrivent Financial For Lutherans now owns 13,290 shares of the utilities provider’s stock worth $235,000 after buying an additional 610 shares in the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

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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.

Earnings History for Lumos Networks Corp. (NASDAQ:LMOS)

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