Fmr LLC Decreases Stake in Lumos Networks Corp. (NASDAQ:LMOS)
FMR LLC reduced its position in shares of Lumos Networks Corp. (NASDAQ:LMOS) by 44.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,767,098 shares of the utilities provider’s stock after selling 1,400,401 shares during the period. FMR LLC owned 7.39% of Lumos Networks Corp. worth $31,278,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in LMOS. Thrivent Financial for Lutherans increased its stake in Lumos Networks Corp. by 5.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 12,680 shares of the utilities provider’s stock worth $198,000 after buying an additional 700 shares in the last quarter. Arizona State Retirement System increased its stake in Lumos Networks Corp. by 0.8% in the first quarter. Arizona State Retirement System now owns 12,280 shares of the utilities provider’s stock worth $217,000 after buying an additional 100 shares in the last quarter. Virtu Financial LLC acquired a new stake in Lumos Networks Corp. during the first quarter worth $313,000. State of Tennessee Treasury Department increased its stake in Lumos Networks Corp. by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 21,590 shares of the utilities provider’s stock worth $382,000 after buying an additional 3,258 shares in the last quarter. Finally, Comerica Bank increased its stake in Lumos Networks Corp. by 5.0% in the fourth quarter. Comerica Bank now owns 24,755 shares of the utilities provider’s stock worth $405,000 after buying an additional 1,175 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors.
Lumos Networks Corp. (NASDAQ:LMOS) traded down 0.11% on Monday, hitting $17.90. The company had a trading volume of 63,916 shares. The firm has a 50-day moving average price of $17.88 and a 200-day moving average price of $17.43. Lumos Networks Corp. has a 12-month low of $12.48 and a 12-month high of $17.99. The firm’s market capitalization is $428.60 million.
Lumos Networks Corp. (NASDAQ:LMOS) last posted its quarterly earnings data on Monday, August 7th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. Lumos Networks Corp. had a negative return on equity of 2.29% and a negative net margin of 1.39%. On average, equities research analysts anticipate that Lumos Networks Corp. will post ($0.23) earnings per share for the current fiscal year.
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A number of equities research analysts have weighed in on LMOS shares. Zacks Investment Research downgraded shares of Lumos Networks Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, April 19th. BidaskClub downgraded shares of Lumos Networks Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $19.25.
About Lumos Networks Corp.
Lumos Networks Corp. is a fiber-based bandwidth infrastructure and service provider in the Mid-Atlantic region with a network of long-haul fiber, metro Ethernet and Ethernet rings located primarily in Virginia and West Virginia, and portions of Maryland, Pennsylvania, Ohio and Kentucky. The Company serves carrier, business and residential customers over its fiber network offering data, voice and Internet protocol (IP) services.
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