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Yousif Capital Management LLC Has $2.29 Million Stock Holdings in Lumen Technologies, Inc. $LUMN

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Key Points

  • Yousif Capital Management LLC has reduced its stake in Lumen Technologies by 10.3%, now holding approximately 521,925 shares valued at $2.29 million.
  • Insiders, including CFO Christopher Stansbury and CEO Kathleen E. Johnson, have increased their holdings in Lumen Technologies, indicating confidence in the company.
  • Lumen Technologies recently reported a negative net margin of 9.19% and a projected earnings per share (EPS) of -0.87 for the current year, highlighting ongoing financial challenges.
  • Five stocks we like better than Lumen Technologies.

Yousif Capital Management LLC trimmed its stake in shares of Lumen Technologies, Inc. (NYSE:LUMN - Free Report) by 10.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 521,925 shares of the technology company's stock after selling 59,718 shares during the quarter. Yousif Capital Management LLC owned approximately 0.05% of Lumen Technologies worth $2,286,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in Lumen Technologies by 132.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 5,954 shares of the technology company's stock worth $26,000 after purchasing an additional 3,391 shares in the last quarter. Conning Inc. acquired a new position in Lumen Technologies during the 1st quarter worth approximately $39,000. OneDigital Investment Advisors LLC acquired a new position in Lumen Technologies during the 1st quarter worth approximately $41,000. Meeder Advisory Services Inc. acquired a new position in Lumen Technologies during the 1st quarter worth approximately $41,000. Finally, Smartleaf Asset Management LLC increased its position in Lumen Technologies by 60.8% during the 1st quarter. Smartleaf Asset Management LLC now owns 10,847 shares of the technology company's stock worth $43,000 after purchasing an additional 4,102 shares in the last quarter. 66.19% of the stock is currently owned by institutional investors and hedge funds.

Lumen Technologies Trading Down 1.9%

NYSE:LUMN opened at $6.89 on Friday. The firm's fifty day moving average is $5.59 and its 200-day moving average is $4.55. The company has a debt-to-equity ratio of 59.98, a quick ratio of 2.13 and a current ratio of 2.13. Lumen Technologies, Inc. has a 52 week low of $3.01 and a 52 week high of $10.33. The firm has a market cap of $7.06 billion, a P/E ratio of -5.83 and a beta of 1.45.

Lumen Technologies (NYSE:LUMN - Get Free Report) last posted its quarterly earnings data on Friday, January 27th. The technology company reported $0.49 EPS for the quarter. Lumen Technologies had a negative net margin of 9.19% and a negative return on equity of 158.40%. The company had revenue of $4.05 billion for the quarter. Equities analysts expect that Lumen Technologies, Inc. will post -0.87 earnings per share for the current year.

Insider Buying and Selling at Lumen Technologies

In related news, CFO Christopher Stansbury bought 42,000 shares of the business's stock in a transaction that occurred on Thursday, August 14th. The shares were acquired at an average cost of $4.29 per share, with a total value of $180,180.00. Following the completion of the purchase, the chief financial officer directly owned 518,000 shares in the company, valued at $2,222,220. The trade was a 8.82% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Kathleen E. Johnson acquired 135,870 shares of the stock in a transaction on Tuesday, August 5th. The shares were acquired at an average price of $3.69 per share, for a total transaction of $501,360.30. Following the acquisition, the chief executive officer owned 9,616,947 shares of the company's stock, valued at approximately $35,486,534.43. The trade was a 1.43% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 217,870 shares of company stock worth $859,140. 2.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LUMN. Weiss Ratings restated a "sell (d-)" rating on shares of Lumen Technologies in a research report on Wednesday, October 8th. The Goldman Sachs Group upped their price target on shares of Lumen Technologies from $4.10 to $4.60 and gave the company a "neutral" rating in a research report on Friday, October 3rd. BNP Paribas upgraded shares of Lumen Technologies to a "hold" rating in a research report on Wednesday, June 25th. Wall Street Zen upgraded shares of Lumen Technologies from a "sell" rating to a "hold" rating in a research report on Sunday, August 3rd. Finally, Raymond James Financial upped their price target on shares of Lumen Technologies from $4.50 to $5.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Lumen Technologies currently has an average rating of "Hold" and a consensus target price of $5.39.

View Our Latest Stock Report on LUMN

About Lumen Technologies

(Free Report)

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.

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Institutional Ownership by Quarter for Lumen Technologies (NYSE:LUMN)

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