Fox Run Management L.L.C. Invests $293,000 in Lumen Technologies, Inc. (NYSE:LUMN)

Fox Run Management L.L.C. bought a new stake in shares of Lumen Technologies, Inc. (NYSE:LUMN) in the fourth quarter, Holdings Channel reports. The fund bought 55,132 shares of the technology company’s stock, valued at approximately $293,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cerity Partners LLC grew its holdings in Lumen Technologies by 120.2% during the third quarter. Cerity Partners LLC now owns 113,025 shares of the technology company’s stock worth $802,000 after acquiring an additional 61,689 shares during the period. Algert Global LLC grew its stake in shares of Lumen Technologies by 188.6% during the 3rd quarter. Algert Global LLC now owns 293,530 shares of the technology company’s stock worth $2,084,000 after purchasing an additional 191,830 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Lumen Technologies by 9.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 557,868 shares of the technology company’s stock valued at $3,961,000 after purchasing an additional 48,007 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Lumen Technologies in the 3rd quarter valued at $733,000. Finally, Townsquare Capital LLC grew its position in Lumen Technologies by 79.7% during the third quarter. Townsquare Capital LLC now owns 34,582 shares of the technology company’s stock valued at $246,000 after buying an additional 15,342 shares during the period. 66.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on LUMN shares. Royal Bank of Canada restated a “sector perform” rating and set a $4.25 target price on shares of Lumen Technologies in a research report on Monday, February 10th. Wells Fargo & Company raised Lumen Technologies from an “underweight” rating to an “equal weight” rating and set a $5.00 price objective on the stock in a report on Friday, February 21st. Finally, Citigroup raised Lumen Technologies from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $8.00 to $6.50 in a research note on Wednesday, February 26th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $4.59.

Lumen Technologies Trading Down 2.0 %

Shares of Lumen Technologies stock opened at $4.09 on Friday. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.21 and a quick ratio of 1.20. The stock’s 50 day simple moving average is $4.92 and its 200-day simple moving average is $6.05. The stock has a market cap of $4.14 billion, a P/E ratio of -81.68 and a beta of 1.28. Lumen Technologies, Inc. has a 1-year low of $0.97 and a 1-year high of $10.33.

Lumen Technologies (NYSE:LUMN) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.14. Lumen Technologies had a negative return on equity of 46.17% and a negative net margin of 0.42%. Analysts predict that Lumen Technologies, Inc. will post -0.87 EPS for the current fiscal year.

Lumen Technologies Company Profile

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.