UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $14.26 Million Stake in Lumen Technologies, Inc. (NYSE:LUMN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Lumen Technologies, Inc. (NYSE:LUMN - Free Report) by 7.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,684,888 shares of the technology company's stock after acquiring an additional 197,534 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.26% of Lumen Technologies worth $14,257,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Smartleaf Asset Management LLC boosted its holdings 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 during the last quarter. Lazard Asset Management LLC grew its position in shares of Lumen Technologies by 3,825.7% during the fourth quarter. Lazard Asset Management LLC now owns 7,498 shares of the technology company's stock worth $39,000 after buying an additional 7,307 shares in the last quarter. R Squared Ltd acquired a new stake in Lumen Technologies in the fourth quarter valued at $48,000. Quantinno Capital Management LP bought a new position in Lumen Technologies during the 4th quarter valued at $54,000. Finally, Seeds Investor LLC bought a new stake in shares of Lumen Technologies in the 4th quarter worth about $57,000. Hedge funds and other institutional investors own 66.19% of the company's stock.

Wall Street Analyst Weigh In

LUMN has been the subject of a number of research reports. Raymond James upgraded Lumen Technologies from a "market perform" rating to an "outperform" rating and set a $4.50 price target for the company in a research note on Monday, May 5th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $4.25 price objective on shares of Lumen Technologies in a report on Monday, February 10th. Citigroup raised shares of Lumen Technologies from a "neutral" rating to a "buy" rating and dropped their target price for the stock from $8.00 to $6.50 in a report on Wednesday, February 26th. Finally, Wells Fargo & Company upgraded shares of Lumen Technologies from an "underweight" rating to an "equal weight" rating and set a $5.00 target price for the company in a research report on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Lumen Technologies presently has a consensus rating of "Hold" and an average target price of $4.58.

Lumen Technologies Price Performance

Shares of Lumen Technologies stock traded up $0.26 on Tuesday, hitting $4.11. The company had a trading volume of 16,954,319 shares, compared to its average volume of 19,444,800. Lumen Technologies, Inc. has a 52 week low of $0.97 and a 52 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 company has a market cap of $4.22 billion, a PE ratio of -82.18 and a beta of 1.34. The business has a 50-day simple moving average of $3.75 and a 200-day simple moving average of $4.94.

Lumen Technologies (NYSE:LUMN - Get Free Report) last released its earnings results on Thursday, May 1st. The technology company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.29) by $0.16. Lumen Technologies had a negative return on equity of 46.17% and a negative net margin of 0.42%. The firm had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.12 billion. During the same period in the previous year, the company earned ($0.04) earnings per share. Lumen Technologies's revenue was down 3.3% compared to the same quarter last year. Research analysts expect that Lumen Technologies, Inc. will post -0.87 EPS for the current fiscal 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.