Lumen Technologies, Inc. (NYSE:LUMN) Shares Bought by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA grew its position in Lumen Technologies, Inc. (NYSE:LUMN) by 50.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,000 shares of the technology company’s stock after acquiring an additional 15,000 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Lumen Technologies were worth $239,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Stephens Inc. AR increased its position in Lumen Technologies by 7.7% during the 3rd quarter. Stephens Inc. AR now owns 27,070 shares of the technology company’s stock worth $192,000 after purchasing an additional 1,935 shares during the period. Concord Wealth Partners grew its holdings in Lumen Technologies by 98.8% during the third quarter. Concord Wealth Partners now owns 4,008 shares of the technology company’s stock worth $28,000 after acquiring an additional 1,992 shares during the period. US Bancorp DE raised its position in Lumen Technologies by 18.6% in the third quarter. US Bancorp DE now owns 15,012 shares of the technology company’s stock worth $107,000 after acquiring an additional 2,350 shares in the last quarter. Arkadios Wealth Advisors lifted its holdings in Lumen Technologies by 23.6% in the third quarter. Arkadios Wealth Advisors now owns 13,367 shares of the technology company’s stock valued at $95,000 after acquiring an additional 2,554 shares during the period. Finally, Avior Wealth Management LLC boosted its position in shares of Lumen Technologies by 6.8% during the 4th quarter. Avior Wealth Management LLC now owns 41,845 shares of the technology company’s stock worth $222,000 after purchasing an additional 2,657 shares in the last quarter. 66.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on LUMN shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $4.25 price target on shares of Lumen Technologies in a report on Monday, February 10th. The Goldman Sachs Group lifted their price target on shares of Lumen Technologies from $4.50 to $5.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Citigroup upped their price target on Lumen Technologies from $6.50 to $8.00 and gave the stock a “neutral” rating in a report on Friday, November 29th. Finally, TD Cowen decreased their target price on Lumen Technologies from $7.00 to $6.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Three equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $4.66.

Lumen Technologies Stock Down 2.4 %

LUMN stock opened at $4.60 on Friday. 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 $4.66 billion, a P/E ratio of -91.88 and a beta of 1.28. The company has a 50 day moving average price of $5.51 and a two-hundred day moving average price of $6.12. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.20 and a current ratio of 1.21.

Lumen Technologies (NYSE:LUMN) last released its earnings results on Tuesday, February 4th. The technology company reported $0.09 EPS for the quarter, beating the consensus estimate 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%. As a group, sell-side analysts expect that Lumen Technologies, Inc. will post -0.79 EPS for the current year.

About Lumen Technologies

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.