Lumen Technologies, Inc. (NYSE:LUMN) Shares Acquired by Virtu Financial LLC

Virtu Financial LLC increased its position in shares of Lumen Technologies, Inc. (NYSE:LUMN) by 102.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 134,590 shares of the technology company’s stock after purchasing an additional 68,028 shares during the quarter. Virtu Financial LLC’s holdings in Lumen Technologies were worth $715,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of LUMN. Legacy Investment Solutions LLC acquired a new stake in shares of Lumen Technologies in the third quarter worth $30,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Lumen Technologies during the 3rd quarter valued at about $36,000. Smartleaf Asset Management LLC lifted its holdings in shares of Lumen Technologies by 173.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 6,745 shares of the technology company’s stock valued at $36,000 after buying an additional 4,277 shares during the period. R Squared Ltd purchased a new stake in shares of Lumen Technologies in the fourth quarter worth about $48,000. Finally, HB Wealth Management LLC purchased a new position in Lumen Technologies during the fourth quarter valued at approximately $59,000. Hedge funds and other institutional investors own 66.19% of the company’s stock.

Lumen Technologies Stock Down 1.3 %

Lumen Technologies stock opened at $4.86 on Tuesday. Lumen Technologies, Inc. has a fifty-two week low of $0.97 and a fifty-two 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 firm has a 50 day moving average price of $5.00 and a 200 day moving average price of $6.08. The company has a market capitalization of $4.92 billion, a PE ratio of -97.10 and a beta of 1.28.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LUMN. Wells Fargo & Company raised shares of Lumen Technologies from an “underweight” rating to an “equal weight” rating and set a $5.00 price target on the stock in a report on Friday, February 21st. Royal Bank of Canada restated a “sector perform” rating and issued a $4.25 price objective on shares of Lumen Technologies in a report on Monday, February 10th. Finally, Citigroup raised Lumen Technologies from a “neutral” rating to a “buy” rating and lowered their price objective 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 stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $4.59.

Lumen Technologies 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.