SG Americas Securities LLC Has $668,000 Stake in Lumen Technologies, Inc. (NYSE:LUMN)

SG Americas Securities LLC grew its position in Lumen Technologies, Inc. (NYSE:LUMN - Free Report) by 103.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 170,464 shares of the technology company's stock after buying an additional 86,637 shares during the period. SG Americas Securities LLC's holdings in Lumen Technologies were worth $668,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Smartleaf Asset Management LLC grew its position in Lumen Technologies by 173.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 6,745 shares of the technology company's stock valued at $36,000 after purchasing an additional 4,277 shares in the last quarter. Lazard Asset Management LLC grew its holdings in shares of Lumen Technologies by 3,825.7% in the 4th quarter. Lazard Asset Management LLC now owns 7,498 shares of the technology company's stock valued at $39,000 after acquiring an additional 7,307 shares in the last quarter. Quantinno Capital Management LP acquired a new stake in shares of Lumen Technologies in the fourth quarter valued at about $54,000. Seeds Investor LLC bought a new stake in Lumen Technologies during the fourth quarter worth about $57,000. Finally, Marshall Wace LLP acquired a new position in Lumen Technologies during the fourth quarter valued at approximately $61,000. Institutional investors own 66.19% of the company's stock.

Lumen Technologies Price Performance

Shares of LUMN traded up $0.07 during trading hours on Tuesday, reaching $4.31. The stock had a trading volume of 9,623,364 shares, compared to its average volume of 19,416,070. The stock has a market capitalization of $4.42 billion, a PE ratio of -13.89 and a beta of 1.38. Lumen Technologies, Inc. has a 12 month low of $0.97 and a 12 month high of $10.33. The company has a debt-to-equity ratio of 59.98, a quick ratio of 1.21 and a current ratio of 1.21. The company's 50-day moving average is $3.88 and its two-hundred day moving average is $4.60.

Lumen Technologies (NYSE:LUMN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The technology company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.16. Lumen Technologies had a negative net margin of 2.41% and a negative return on equity of 75.08%. The firm had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.12 billion. During the same quarter last year, the firm earned ($0.04) earnings per share. The company's revenue for the quarter was down 3.3% on a year-over-year basis. Research analysts expect that Lumen Technologies, Inc. will post -0.87 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on LUMN. Raymond James Financial raised shares of Lumen Technologies from a "market perform" rating to an "outperform" rating and set a $4.50 price objective for the company in a research report on Monday, May 5th. Citigroup upgraded Lumen Technologies from a "neutral" rating to a "buy" rating and reduced their price target for the stock from $8.00 to $6.50 in a report on Wednesday, February 26th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $4.58.

About Lumen Technologies

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.