New York State Common Retirement Fund Raises Holdings in Lumen Technologies, Inc. $LUMN

New York State Common Retirement Fund increased its position in Lumen Technologies, Inc. (NYSE:LUMN) by 577.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,901,976 shares of the technology company’s stock after acquiring an additional 1,621,273 shares during the quarter. New York State Common Retirement Fund’s holdings in Lumen Technologies were worth $11,640,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Front Street Capital Management Inc. boosted its position in Lumen Technologies by 1.1% during the second quarter. Front Street Capital Management Inc. now owns 11,969,084 shares of the technology company’s stock worth $52,425,000 after purchasing an additional 132,131 shares during the period. Man Group plc lifted its stake in shares of Lumen Technologies by 3.3% during the 2nd quarter. Man Group plc now owns 11,486,835 shares of the technology company’s stock valued at $50,312,000 after buying an additional 364,436 shares in the last quarter. Norges Bank bought a new position in Lumen Technologies in the 2nd quarter worth approximately $47,923,000. Invesco Ltd. grew its stake in Lumen Technologies by 6.3% in the 2nd quarter. Invesco Ltd. now owns 10,928,906 shares of the technology company’s stock valued at $47,869,000 after buying an additional 652,124 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in Lumen Technologies by 8.5% during the 2nd quarter. Allianz Asset Management GmbH now owns 9,520,500 shares of the technology company’s stock valued at $41,700,000 after acquiring an additional 748,185 shares during the period. 66.19% of the stock is currently owned by institutional investors.

Lumen Technologies Trading Down 5.2%

LUMN stock opened at $8.47 on Wednesday. The company’s 50 day moving average is $8.28 and its 200 day moving average is $7.03. The stock has a market cap of $8.68 billion, a price-to-earnings ratio of -5.13 and a beta of 1.51. Lumen Technologies, Inc. has a 1-year low of $3.01 and a 1-year high of $11.95.

Lumen Technologies (NYSE:LUMN) last released its quarterly earnings results on Tuesday, February 3rd. The technology company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.44. The business had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $3.04 billion. Lumen Technologies had a negative net margin of 13.02% and a negative return on equity of 158.40%. The business’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.09 EPS. As a group, sell-side analysts forecast that Lumen Technologies, Inc. will post -0.87 EPS for the current fiscal year.

More Lumen Technologies News

Here are the key news stories impacting Lumen Technologies this week:

• Positive Sentiment: Lumen reported a surprise adjusted profit and beat EPS expectations ($0.23 vs. street losses), which supports near‑term sentiment and helped rally the stock earlier. Lumen (LUMN) Beats Q4 Earnings Estimates
• Positive Sentiment: Management is forecasting annual free cash flow above Wall Street estimates and said digital product adoption is rising — a key fundamental driver that can support valuation multiple expansion. Lumen forecasts upbeat free cash flow, sees rising adoption of its digital products
• Positive Sentiment: Lumen closed the $5.75B sale of its mass‑market fiber business to AT&T, reducing total debt by ~ $4.8B, cutting annual interest expense ~45% and lowering capex — materially improving leverage and free‑cash‑flow flexibility. Lumen Technologies Reports Solid Fourth Quarter and Full Year 2025 Results; Completes AT&T Transaction
• Neutral Sentiment: Investors can review the full Q4 call/transcript and slide deck for color on margin recovery, enterprise strategy and FCF cadence; these details will determine whether the upbeat FCF guide is sustainable. Lumen Technologies, Inc. (LUMN) Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Partnerships and product moves (e.g., SeenThis/Lumen Research attention‑measurement product) add to commercial momentum but are unlikely to move the stock materially in the near term. SeenThis and Lumen Research Launch Attention Measurement Model
• Negative Sentiment: AIGH Capital sold 2.55M Lumen shares (~$15.6M trade size), which likely increased intraday selling pressure and contributed to today’s pullback. AIGH Capital Dumps 2.6 Million Lumen Technologies Shares In $15.6 Million Exit
• Negative Sentiment: Despite the EPS beat, revenue fell ~8.7% YoY and margins/ROE remain negative — fundamentals that keep some investors cautious and cap upside until growth stabilizes. Lumen 4Q25 Press Release / Slide Deck

Analyst Ratings Changes

LUMN has been the subject of a number of analyst reports. Wall Street Zen raised Lumen Technologies from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lumen Technologies in a report on Thursday, January 22nd. Zacks Research raised Lumen Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 8th. Citigroup downgraded shares of Lumen Technologies from a “buy” rating to a “neutral” rating and set a $11.00 price target on the stock. in a report on Friday, October 31st. Finally, Royal Bank Of Canada raised their price objective on shares of Lumen Technologies from $4.25 to $8.00 and gave the company a “sector perform” rating in a research report on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Lumen Technologies currently has an average rating of “Hold” and an average price target of $6.72.

Lumen Technologies Profile

Lumen Technologies is a multinational technology company specializing in integrated network, edge cloud, security and collaboration services for enterprise and public sector clients. The company’s core offerings include high-capacity fiber and IP-based connectivity, managed edge computing solutions designed to accelerate applications and data processing closer to end users, and cybersecurity services ranging from DDoS protection to unified threat management. Through its unified portfolio, Lumen enables organizations to support digital transformation initiatives, modernize infrastructure and enhance operational resilience.

Leveraging one of the largest fiber footprints in North America, as well as infrastructure in Latin America and parts of Europe, Lumen connects customers across more than 60 countries.