56,200 Shares in Lumen Technologies, Inc. (NYSE:LUMN) Bought by Naples Money Management LLC

Naples Money Management LLC bought a new position in shares of Lumen Technologies, Inc. (NYSE:LUMN) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 56,200 shares of the technology company’s stock, valued at approximately $103,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hilltop Holdings Inc. bought a new position in Lumen Technologies during the second quarter worth $25,000. Equitable Holdings Inc. bought a new stake in shares of Lumen Technologies during the second quarter worth about $25,000. Strategies Wealth Advisors LLC bought a new stake in shares of Lumen Technologies during the fourth quarter worth about $26,000. Lazard Asset Management LLC increased its position in shares of Lumen Technologies by 115.5% during the third quarter. Lazard Asset Management LLC now owns 21,023 shares of the technology company’s stock worth $29,000 after acquiring an additional 11,267 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Lumen Technologies during the third quarter worth about $30,000. 66.19% of the stock is owned by institutional investors.

Lumen Technologies Stock Down 0.8 %

Shares of NYSE:LUMN traded down $0.01 during midday trading on Friday, hitting $1.31. 7,946,274 shares of the company’s stock were exchanged, compared to its average volume of 12,963,654. The company has a debt-to-equity ratio of 47.56, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a 50 day moving average price of $1.55 and a 200-day moving average price of $1.48. The company has a market cap of $1.32 billion, a PE ratio of -0.13 and a beta of 1.10. Lumen Technologies, Inc. has a 12 month low of $0.78 and a 12 month high of $2.70.

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

Insider Transactions at Lumen Technologies

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