According to the latest disclosure made by the Securities and Exchange Commission, (SEC), the company reported a profit of $1.6 million in the fourth quarter. The institutional investor purchased 3,117,465 of the stock of the technology firm, worth approximately $3,668,000. Front Street Capital Management Inc. held 0.30% of Lumen Technologies as of the latest reporting period.
Other large investors also bought and sold the stock recently. Vanguard Group Inc. increased its stake in Lumen Technologies during the first quarter by 2.4%. Vanguard Group Inc. owns now 116,137.605 shares valued at $1308,871,000, after buying an additional 2,726,090 during the last quarter. BlackRock Inc. increased its stake in Lumen Technologies during the third-quarter by 1.0%. BlackRock Inc. owns now 97,039 289 shares of Lumen Technologies' stock, valued at $706 445,000, after buying an additional 937 797 shares in the last quarter. State Street Corp increased its stake in Lumen Technologies during the third quarter by 2.8%. State Street Corp owns 61 929 635 shares in the technology company valued at $450 848 000 after buying an additional 1,711,464 during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Lumen Technologies during the fourth quarter by 289.8%. Arrowstreet Capital Limited Partnership owns 21,507098 shares in the technology company valued at $112 267,000, after buying an additional 15,989 152 shares during the fourth quarter. Geode Capital Management LLC increased its stake in Lumen Technologies during the fourth-quarter by 0.9%. Geode Capital Management LLC owns now 20,703,388 of the stock of the technology company valued at $108,333,000, after buying an additional 193,711 during the last quarterly. A number of analysts have published reports about the company. Bank of America reduced their price target on Lumen Technologies on Thursday, 5th May from $4.00 down to $2.00. Morgan Stanley dropped its price target on Lumen Technologies, from $6.00 down to $2.50. They also set an "underweight" rating for the stock. This was in a note of research on Monday March 13th. In a research report published on June 6th, Raymond James upgraded Lumen Technologies's rating from 'underperform to market perform'. The analysts said that it was a decision based on valuation. Three analysts assigned the stock a sell rating, while five others gave it a hold rating. MarketBeat data shows that the average rating for the stock is 'Hold,' with an average price target of $5.11.
Lumen Technologies Price Performance
During the midday session on Monday, shares of a company rose $0.03 to $1.83. 19600622 shares were traded, compared with the average volume of 29148299. The company's fifty-day moving average is $2.22, and its 200-day moving average is $3.66. Lumen Technologies, Inc. had a low of $1.74 in the past 12 months and a high of $11.61 during that time. The debt-to equity ratio is 1.80. Current ratios are 1.11, and quick ratios are 1.11. The company has a $1.84 billion market cap, a PE of -1.11, a PEG of 0.09, and a beta value of 1.02.
The last time the company released its quarterly earnings was on May 2nd. The technology company posted $0.10 per share for the quarter. This was below analysts' expectations of $0.12, by $0.02. Lumen Technologies reported a return on equity of 8,87%, and a net margin of 9,89%. The company's revenue for the quarter was $3.74 billion, which is higher than the $3.73 billion consensus estimate. In the same quarter of last year, Lumen Technologies earned $0.63 per share. Lumen Technologies revenue fell 20.1% year-over-year. Analysts in the field of equity research expect Lumen Technologies, Inc. to post 0.35 earnings for this fiscal year.
Lumen Technologies, Inc., a technology and communication company based in facilities, offers a variety of integrated products and service under the Lumen, Quantum Fiber, CenturyLink, and other brands, to both business and residential clients, both domestically and internationally. The company is divided into two segments: Business and Mass Markets.
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