Wealth Enhancement Advisory Services LLC Has $1.10 Million Stock Position in Lumen Technologies, Inc. (NYSE:LUMN)

Wealth Enhancement Advisory Services LLC lifted its position in shares of Lumen Technologies, Inc. (NYSE:LUMN - Free Report) by 263.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 279,789 shares of the technology company's stock after purchasing an additional 202,884 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Lumen Technologies were worth $1,097,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of LUMN. O Shaughnessy Asset Management LLC grew its stake in Lumen Technologies by 7.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 34,225 shares of the technology company's stock valued at $182,000 after buying an additional 2,457 shares during the last quarter. Los Angeles Capital Management LLC grew its stake in Lumen Technologies by 20.3% in the 4th quarter. Los Angeles Capital Management LLC now owns 14,760 shares of the technology company's stock valued at $78,000 after buying an additional 2,489 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in Lumen Technologies by 15.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 20,852 shares of the technology company's stock valued at $111,000 after buying an additional 2,844 shares during the last quarter. Bank of Nova Scotia grew its stake in Lumen Technologies by 28.6% in the 4th quarter. Bank of Nova Scotia now owns 13,788 shares of the technology company's stock valued at $73,000 after buying an additional 3,069 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its holdings in Lumen Technologies by 8.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 39,037 shares of the technology company's stock valued at $207,000 after purchasing an additional 3,109 shares during the period. 66.19% of the stock is currently owned by institutional investors and hedge funds.

Lumen Technologies Price Performance

Shares of Lumen Technologies stock traded up $0.16 on Friday, reaching $4.61. 6,649,300 shares of the stock were exchanged, compared to its average volume of 19,627,070. The firm's 50 day moving average is $4.09 and its 200-day moving average is $4.50. Lumen Technologies, Inc. has a one year low of $1.02 and a one year 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 firm has a market cap of $4.73 billion, a PE ratio of -14.87 and a beta of 1.39.

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

Analyst Ratings Changes

A number of research firms have issued reports on LUMN. BNP Paribas raised shares of Lumen Technologies to a "hold" rating in a report on Wednesday, June 25th. 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 report on Monday, May 5th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $4.58.

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.