Xponance Inc. Has $406,000 Position in Lumen Technologies, Inc. (NYSE:LUMN)

Xponance Inc. lifted its holdings in shares of Lumen Technologies, Inc. (NYSE:LUMN) by 11.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 76,464 shares of the technology company’s stock after buying an additional 7,646 shares during the period. Xponance Inc.’s holdings in Lumen Technologies were worth $406,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Los Angeles Capital Management LLC grew its stake in Lumen Technologies by 20.3% in the fourth quarter. Los Angeles Capital Management LLC now owns 14,760 shares of the technology company’s stock valued at $78,000 after purchasing an additional 2,489 shares in the last quarter. Avior Wealth Management LLC grew its stake in shares of Lumen Technologies by 6.8% in the fourth quarter. Avior Wealth Management LLC now owns 41,845 shares of the technology company’s stock valued at $222,000 after buying an additional 2,657 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in Lumen Technologies by 15.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 20,852 shares of the technology company’s stock worth $111,000 after buying an additional 2,844 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in Lumen Technologies by 8.7% during the fourth quarter. Oppenheimer & Co. Inc. now owns 39,037 shares of the technology company’s stock worth $207,000 after acquiring an additional 3,109 shares in the last quarter. Finally, Ballentine Partners LLC lifted its stake in Lumen Technologies by 14.8% in the fourth quarter. Ballentine Partners LLC now owns 30,074 shares of the technology company’s stock valued at $160,000 after acquiring an additional 3,868 shares during the last quarter. Institutional investors and hedge funds own 66.19% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Citigroup raised shares of Lumen Technologies from a “neutral” rating to a “buy” rating and dropped their target price for the company from $8.00 to $6.50 in a report on Wednesday, February 26th. Wells Fargo & Company raised Lumen Technologies from an “underweight” rating to an “equal weight” rating and set a $5.00 price objective for the company in a research report on Friday, February 21st. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $4.25 price target on shares of Lumen Technologies in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $4.59.

Lumen Technologies Stock Down 5.3 %

LUMN stock opened at $4.17 on Thursday. 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 current ratio of 1.21 and a quick ratio of 1.20. The stock has a market capitalization of $4.22 billion, a price-to-earnings ratio of -83.28 and a beta of 1.28. The business’s fifty day moving average price is $4.95 and its two-hundred day moving average price is $6.06.

Lumen Technologies (NYSE:LUMN) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported $0.09 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%. On average, equities analysts anticipate that Lumen Technologies, Inc. will post -0.87 earnings per share for the current year.

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.