Cerity Partners LLC Boosts Stock Position in Lumen Technologies, Inc. (NYSE:LUMN)

Cerity Partners LLC grew its stake in Lumen Technologies, Inc. (NYSE:LUMN) by 60.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,944 shares of the technology company’s stock after purchasing an additional 12,794 shares during the period. Cerity Partners LLC’s holdings in Lumen Technologies were worth $62,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. SG Americas Securities LLC purchased a new position in Lumen Technologies during the 3rd quarter worth $951,000. State of Alaska Department of Revenue increased its stake in shares of Lumen Technologies by 3.2% during the third quarter. State of Alaska Department of Revenue now owns 627,581 shares of the technology company’s stock worth $891,000 after acquiring an additional 19,631 shares during the period. FAS Wealth Partners Inc. raised its holdings in Lumen Technologies by 45.9% during the third quarter. FAS Wealth Partners Inc. now owns 26,717 shares of the technology company’s stock worth $38,000 after purchasing an additional 8,401 shares in the last quarter. Maryland State Retirement & Pension System lifted its position in Lumen Technologies by 3.1% in the third quarter. Maryland State Retirement & Pension System now owns 371,273 shares of the technology company’s stock valued at $527,000 after purchasing an additional 11,291 shares during the period. Finally, Bailard Inc. boosted its holdings in Lumen Technologies by 18.6% in the 3rd quarter. Bailard Inc. now owns 162,415 shares of the technology company’s stock valued at $231,000 after purchasing an additional 25,457 shares in the last quarter. Hedge funds and other institutional investors own 66.19% of the company’s stock.

Lumen Technologies Stock Down 2.5 %

LUMN opened at $1.19 on Wednesday. The company has a debt-to-equity ratio of 47.56, a current ratio of 1.35 and a quick ratio of 1.35. Lumen Technologies, Inc. has a 12 month low of $0.78 and a 12 month high of $2.70. The stock has a market capitalization of $1.20 billion, a P/E ratio of -0.11 and a beta of 1.10. The business has a 50 day simple moving average of $1.51 and a 200-day simple moving average of $1.48.

Lumen Technologies (NYSE:LUMN) last released its quarterly earnings data on Tuesday, February 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.11. The firm had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.45 billion. Lumen Technologies had a positive return on equity of 4.85% and a negative net margin of 70.74%. Lumen Technologies’s revenue was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.43 earnings per share. On average, equities analysts anticipate that Lumen Technologies, Inc. will post -0.24 earnings per share for the current fiscal year.

Insider Activity at Lumen Technologies

In related news, Director James Fowler bought 30,000 shares of the stock in a transaction on Friday, February 9th. The shares were bought at an average cost of $1.50 per share, for a total transaction of $45,000.00. Following the completion of the transaction, the director now owns 183,038 shares of the company’s stock, valued at approximately $274,557. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director T Michael Glenn purchased 50,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was acquired at an average price of $1.47 per share, with a total value of $73,500.00. Following the purchase, the director now directly owns 272,019 shares of the company’s stock, valued at approximately $399,867.93. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director James Fowler acquired 30,000 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was acquired at an average price of $1.50 per share, for a total transaction of $45,000.00. Following the completion of the transaction, the director now directly owns 183,038 shares in the company, valued at $274,557. The disclosure for this purchase can be found here. Insiders purchased 113,500 shares of company stock worth $174,780 over the last 90 days. Company insiders own 1.68% of the company’s stock.

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.