Lumos Networks Corp. (NASDAQ:LMOS) insider Pamplona Capital Partners Iv L sold 1,225,278 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $18.00, for a total value of $22,055,004.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Lumos Networks Corp. (LMOS) remained flat at $$17.98 during midday trading on Friday. 99,200 shares of the stock were exchanged, compared to its average volume of 232,861. Lumos Networks Corp. has a fifty-two week low of $14.02 and a fifty-two week high of $17.99. The firm has a market cap of $430.03, a P/E ratio of 256.86 and a beta of 0.74. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 2.76.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan lifted its position in Lumos Networks Corp. by 6.2% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 5,660 shares of the utilities provider’s stock valued at $101,000 after acquiring an additional 330 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in Lumos Networks Corp. by 48.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,200 shares of the utilities provider’s stock valued at $147,000 after acquiring an additional 2,686 shares in the last quarter. Arizona State Retirement System lifted its position in Lumos Networks Corp. by 1.6% in the 2nd quarter. Arizona State Retirement System now owns 12,480 shares of the utilities provider’s stock valued at $223,000 after acquiring an additional 200 shares in the last quarter. Thrivent Financial For Lutherans lifted its position in Lumos Networks Corp. by 4.8% in the 1st quarter. Thrivent Financial For Lutherans now owns 13,290 shares of the utilities provider’s stock valued at $235,000 after acquiring an additional 610 shares in the last quarter. Finally, Voya Investment Management LLC lifted its position in Lumos Networks Corp. by 12.0% in the 2nd quarter. Voya Investment Management LLC now owns 13,337 shares of the utilities provider’s stock valued at $238,000 after acquiring an additional 1,434 shares in the last quarter. 78.58% of the stock is currently owned by institutional investors and hedge funds.

Separately, Zacks Investment Research downgraded Lumos Networks Corp. from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus 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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