Avior Wealth Management LLC Has $180,000 Position in Lumen Technologies, Inc. (NYSE:LUMN)

Avior Wealth Management LLC boosted its position in Lumen Technologies, Inc. (NYSE:LUMNFree Report) by 9.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,960 shares of the technology company’s stock after purchasing an additional 4,115 shares during the period. Avior Wealth Management LLC’s holdings in Lumen Technologies were worth $180,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC increased its holdings in Lumen Technologies by 173.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 6,745 shares of the technology company’s stock worth $36,000 after purchasing an additional 4,277 shares in the last quarter. Lazard Asset Management LLC increased its holdings in Lumen Technologies by 3,825.7% in the 4th quarter. Lazard Asset Management LLC now owns 7,498 shares of the technology company’s stock worth $39,000 after purchasing an additional 7,307 shares in the last quarter. Quantinno Capital Management LP acquired a new stake in shares of Lumen Technologies in the fourth quarter valued at about $54,000. Seeds Investor LLC bought a new position in shares of Lumen Technologies during the fourth quarter worth about $57,000. Finally, Ritholtz Wealth Management bought a new position in shares of Lumen Technologies during the first quarter worth about $43,000. Institutional investors and hedge funds own 66.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LUMN. Citigroup upgraded Lumen Technologies from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $8.00 to $6.50 in a research report on Wednesday, February 26th. Raymond James Financial upgraded Lumen Technologies from a “market perform” rating to an “outperform” rating and set a $4.50 price objective for the company in a research report on Monday, May 5th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $4.58.

View Our Latest Analysis on Lumen Technologies

Lumen Technologies Trading Up 7.9%

NYSE LUMN opened at $4.25 on Tuesday. The business has a 50 day simple moving average of $3.88 and a 200 day simple moving average of $4.60. Lumen Technologies, Inc. has a one year low of $0.97 and a one year high of $10.33. The stock has a market capitalization of $4.36 billion, a P/E ratio of -13.71 and a beta of 1.38. The company has a debt-to-equity ratio of 59.98, a current ratio of 1.21 and a quick ratio of 1.21.

Lumen Technologies (NYSE:LUMNGet Free Report) last released its earnings results on Thursday, May 1st. The technology company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.29) by $0.16. Lumen Technologies had a negative return on equity of 75.08% and a negative net margin of 2.41%. The business had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.12 billion. During the same quarter last year, the firm posted ($0.04) earnings per share. The firm’s revenue was down 3.3% on a year-over-year basis. Research analysts expect that Lumen Technologies, Inc. will post -0.87 earnings per share for the current year.

Lumen Technologies Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Lumen Technologies (NYSE:LUMN)

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