Compagnie Lombard Odier SCmA Sells 110,000 Shares of Lumen Technologies, Inc. $LUMN

Compagnie Lombard Odier SCmA decreased its stake in Lumen Technologies, Inc. (NYSE:LUMN) by 84.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,000 shares of the technology company’s stock after selling 110,000 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Lumen Technologies were worth $155,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of LUMN. Vaughan Nelson Investment Management L.P. raised its position in shares of Lumen Technologies by 58.3% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 4,768,300 shares of the technology company’s stock valued at $37,050,000 after acquiring an additional 1,755,368 shares during the period. Private Advisory Group LLC bought a new stake in Lumen Technologies in the fourth quarter valued at approximately $1,200,000. Spire Wealth Management raised its holdings in Lumen Technologies by 30.3% in the fourth quarter. Spire Wealth Management now owns 46,477 shares of the technology company’s stock worth $361,000 after purchasing an additional 10,800 shares during the period. Capital Investment Advisors LLC bought a new position in shares of Lumen Technologies during the fourth quarter worth $108,000. Finally, Murphy Middleton Hinkle & Parker Inc. bought a new position in shares of Lumen Technologies during the fourth quarter worth $68,000. 66.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. UBS Group upped their price objective on shares of Lumen Technologies from $5.00 to $6.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lumen Technologies in a research note on Thursday, January 22nd. Citigroup lowered their price target on Lumen Technologies from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Thursday, February 5th. The Goldman Sachs Group lifted their price objective on Lumen Technologies from $5.50 to $7.25 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Finally, Wall Street Zen upgraded Lumen Technologies from a “sell” rating to a “hold” rating in a research report on Sunday, March 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $7.25.

Lumen Technologies Stock Performance

LUMN opened at $6.97 on Friday. The business’s 50-day simple moving average is $7.40 and its 200 day simple moving average is $7.73. The firm has a market capitalization of $7.18 billion, a PE ratio of -4.01 and a beta of 1.52. Lumen Technologies, Inc. has a 52-week low of $3.01 and a 52-week high of $11.95.

Lumen Technologies (NYSE:LUMN) last posted its quarterly earnings results on Tuesday, February 3rd. The technology company reported $0.23 earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.44. The company had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.04 billion. During the same period last year, the firm earned $0.09 EPS. The firm’s revenue for the quarter was down 8.7% compared to the same quarter last year. On average, research analysts forecast that Lumen Technologies, Inc. will post -0.87 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Diankha Linear sold 45,000 shares of Lumen Technologies stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $7.89, for a total value of $355,050.00. Following the completion of the transaction, the director owned 198,229 shares of the company’s stock, valued at $1,564,026.81. This trade represents a 18.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Kathleen E. Johnson acquired 78,685 shares of the stock in a transaction dated Thursday, February 5th. The shares were purchased at an average price of $6.35 per share, for a total transaction of $499,649.75. Following the completion of the purchase, the chief executive officer directly owned 8,562,582 shares in the company, valued at $54,372,395.70. The trade was a 0.93% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 2.30% of the stock is currently owned by insiders.

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.