October Effect Ltd Buys Shares of 189,945 Lumen Technologies, Inc. $LUMN

Key Points

• October Effect Ltd bought a new position of 189,945 shares of Lumen Technologies (NYSE:LUMN) in Q4, worth about $1.476 million and representing roughly 1.6% of its portfolio (its 25th largest holding).
• In its most recent quarter Lumen reported EPS of $0.23, beating estimates, with revenue of $3.04 billion (down 8.7% year‑over‑year); analysts on average forecast a -0.87 EPS for the current fiscal year.
• Institutional investors own about 66.19% of LUMN; notable insider moves included a director selling 45,000 shares and CEO Kathleen Johnson buying 78,685 shares, and the stock carries a consensus “Hold” rating with an average price target of $7.25 while trading near $6.97 (12‑month range $3.01–$11.95).

October Effect Ltd purchased a new position in shares of Lumen Technologies, Inc. (NYSE:LUMN - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 189,945 shares of the technology company's stock, valued at approximately $1,476,000. Lumen Technologies makes up approximately 1.6% of October Effect Ltd's portfolio, making the stock its 25th biggest position.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in Lumen Technologies by 1.2% in the third quarter. Vanguard Group Inc. now owns 113,552,549 shares of the technology company's stock valued at $694,942,000 after purchasing an additional 1,295,177 shares during the last quarter. Allianz Asset Management GmbH raised its stake in shares of Lumen Technologies by 5.6% during the 3rd quarter. Allianz Asset Management GmbH now owns 10,056,824 shares of the technology company's stock worth $61,548,000 after buying an additional 536,324 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in shares of Lumen Technologies by 58.3% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 4,768,300 shares of the technology company's stock worth $37,050,000 after buying an additional 1,755,368 shares in the last quarter. Private Advisory Group LLC purchased a new stake in shares of Lumen Technologies in the 4th quarter worth about $1,200,000. Finally, Public Sector Pension Investment Board grew its stake in Lumen Technologies by 5.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 3,682,348 shares of the technology company's stock valued at $22,536,000 after acquiring an additional 184,883 shares during the last quarter. Institutional investors and hedge funds own 66.19% of the company's stock.

Lumen Technologies Trading Down 0.2%

NYSE:LUMN opened at $6.97 on Friday. Lumen Technologies, Inc. has a 12-month low of $3.01 and a 12-month high of $11.95. The firm has a market cap of $7.18 billion, a price-to-earnings ratio of -4.01 and a beta of 1.52. The company's 50-day moving average is $7.36 and its two-hundred day moving average is $7.73.

Lumen Technologies (NYSE:LUMN - Get Free Report) last issued its quarterly earnings results on Tuesday, February 3rd. The technology company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of ($0.21) by $0.44. The firm had revenue of $3.04 billion for the quarter, compared to analysts' expectations of $3.04 billion. The business's quarterly revenue was down 8.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.09 earnings per share. On average, equities research analysts forecast that Lumen Technologies, Inc. will post -0.87 earnings per share for the current fiscal year.

Insider Activity at Lumen Technologies

In other Lumen Technologies news, Director Diankha Linear sold 45,000 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $7.89, for a total transaction of $355,050.00. Following the transaction, the director owned 198,229 shares of the company's stock, valued at $1,564,026.81. This represents a 18.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Kathleen E. Johnson acquired 78,685 shares of the firm's stock in a transaction dated Thursday, February 5th. The shares were acquired at an average price of $6.35 per share, for a total transaction of $499,649.75. Following the acquisition, the chief executive officer directly owned 8,562,582 shares of the company's stock, valued at approximately $54,372,395.70. The trade was a 0.93% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 2.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on LUMN shares. Weiss Ratings restated a "sell (d-)" rating on shares of Lumen Technologies in a research report on Thursday, January 22nd. The Goldman Sachs Group increased their price target on shares of Lumen Technologies from $5.50 to $7.25 and gave the company a "neutral" rating in a research report on Wednesday, February 4th. Zacks Research upgraded Lumen Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 8th. Citigroup reduced their target price on Lumen Technologies from $11.00 to $10.00 and set a "neutral" rating on the stock in a research note on Thursday, February 5th. Finally, Wall Street Zen upgraded Lumen Technologies from a "sell" rating to a "hold" rating in a report on Sunday, March 8th. One analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $7.25.

Lumen Technologies Profile

Lumen Technologies is a multinational technology company specializing in integrated network, edge cloud, security and collaboration services for enterprise and public sector clients. The company's core offerings include high-capacity fiber and IP-based connectivity, managed edge computing solutions designed to accelerate applications and data processing closer to end users, and cybersecurity services ranging from DDoS protection to unified threat management. Through its unified portfolio, Lumen enables organizations to support digital transformation initiatives, modernize infrastructure and enhance operational resilience.

Leveraging one of the largest fiber footprints in North America, as well as infrastructure in Latin America and parts of Europe, Lumen connects customers across more than 60 countries.

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