2 weeks Ago By ABMN Staff
Townsquare Capital LLC increased its holdings in shares of Lumen Technologies, Inc. ( NYSE:LUMN – Free Report ) by 96.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The fund owned 67,816 shares of the technology company’s stock after buying an additional 33,234 shares during the period. Townsquare Capital LLC’s holdings in Lumen Technologies were worth $360,000 at the end of the most recent quarter. Several other large investors have also bought and sold shares of the business.
Norges Bank acquired a new position in shares of Lumen Technologies during the 4th quarter worth about $63,638,000. Renaissance Technologies LLC boosted its stake in Lumen Technologies by 76.3% during the 4th quarter.
Renaissance Technologies LLC now owns 11,664,009 shares of the technology company’s stock worth $61,936,000 after acquiring an additional 5,049,709 shares during the last quarter. Hennessy Advisors Inc. bought a new stake in Lumen Technologies in the fourth quarter valued at approximately $45,089,000.
Allianz Asset Management GmbH raised its holdings in Lumen Technologies by 28.1% in the fourth quarter. Allianz Asset Management GmbH now owns 7,790,277 shares of the technology company’s stock worth $41,366,000 after purchasing an additional 1,710,373 shares during the period.
Finally, Principal Financial Group Inc. boosted its position in shares of Lumen Technologies by 2.7% during the fourth quarter.
Principal Financial Group Inc. now owns 4,921,381 shares of the technology company’s stock worth $26,133,000 after purchasing an additional 128,172 shares in the last quarter. 66.
19% of the stock is currently owned by institutional investors and hedge funds. Lumen Technologies Stock Down 6.1 % Shares of Lumen Technologies stock opened at $3.
09 on Tuesday. Lumen Technologies, Inc. has a 52-week low of $0.
97 and a 52-week high of $10.33. The company has a debt-to-equity ratio of 37.
70, a quick ratio of 1.20 and a current ratio of 1.21.
The business’s 50 day simple moving average is $4.29 and its 200 day simple moving average is $5.64.
The firm has a market cap of $3.17 billion, a PE ratio of -61.79 and a beta of 1.
29. Analysts Set New Price Targets Several brokerages recently commented on LUMN. Citigroup raised Lumen Technologies from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $8.
00 to $6.50 in a research note on Wednesday, February 26th. Wells Fargo & Company upgraded 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, Royal Bank of Canada reissued a “sector perform” rating and set a $4.25 target price on shares of Lumen Technologies in a research note on Monday, February 10th.
Two 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, Lumen Technologies has an average rating of “Hold” and a consensus target price of $4.
59. View Our Latest Research Report on Lumen Technologies About Lumen Technologies ( 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. Featured Stories Receive News & Ratings for Lumen Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lumen Technologies and related companies with MarketBeat.com's FREE daily email newsletter .
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