Lumos Networks Corp (NASDAQ:LMOS) has been assigned an average rating of “Hold” from the six analysts that are presently covering the firm, MarketBeat.com reports. One 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 company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $19.00.

Separately, Zacks Investment Research lowered shares of Lumos Networks from a “buy” rating to a “hold” rating in a research report on Friday, September 1st.

Lumos Networks (NASDAQ:LMOS) opened at $17.98 on Thursday. The firm has a market cap of $430.03, a PE ratio of -78.17 and a beta of 0.74. Lumos Networks has a 1 year low of $14.02 and a 1 year high of $17.99. The company has a debt-to-equity ratio of 2.76, a current ratio of 0.65 and a quick ratio of 0.65.

In other news, insider Pamplona Capital Partners Iv L sold 1,225,278 shares of the 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 SEC, which can be accessed through this hyperlink. 8.70% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in LMOS. Glazer Capital LLC increased its position in Lumos Networks by 259.0% during the second quarter. Glazer Capital LLC now owns 544,592 shares of the utilities provider’s stock worth $9,732,000 after acquiring an additional 392,891 shares during the period. Gluskin Sheff & Assoc Inc. acquired a new stake in Lumos Networks during the second quarter worth about $5,862,000. JPMorgan Chase & Co. grew its stake in Lumos Networks by 65.1% during the second quarter. JPMorgan Chase & Co. now owns 422,457 shares of the utilities provider’s stock worth $7,549,000 after buying an additional 166,503 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Lumos Networks during the third quarter worth about $2,970,000. Finally, Public Employees Retirement System of Ohio grew its stake in Lumos Networks by 99.7% during the third quarter. Public Employees Retirement System of Ohio now owns 111,424 shares of the utilities provider’s stock worth $1,997,000 after buying an additional 55,624 shares in the last quarter. 75.63% of the stock is currently owned by institutional investors and hedge funds.

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About Lumos Networks

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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