Natixis Advisors LLC Has $8.30 Million Position in Lumen Technologies, Inc. $LUMN

Natixis Advisors LLC lifted its holdings in Lumen Technologies, Inc. (NYSE:LUMN) by 156.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,068,456 shares of the technology company’s stock after buying an additional 651,021 shares during the quarter. Natixis Advisors LLC’s holdings in Lumen Technologies were worth $8,302,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. International Assets Investment Management LLC acquired a new position in shares of Lumen Technologies in the 4th quarter valued at approximately $30,000. Fifth Third Bancorp lifted its stake in Lumen Technologies by 24.5% in the 3rd quarter. Fifth Third Bancorp now owns 5,343 shares of the technology company’s stock valued at $33,000 after acquiring an additional 1,051 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of Lumen Technologies by 15.5% during the 3rd quarter. Bessemer Group Inc. now owns 7,209 shares of the technology company’s stock worth $43,000 after purchasing an additional 968 shares in the last quarter. Hantz Financial Services Inc. raised its stake in shares of Lumen Technologies by 3,093.3% during the 4th quarter. Hantz Financial Services Inc. now owns 6,227 shares of the technology company’s stock worth $48,000 after purchasing an additional 6,032 shares in the last quarter. Finally, Orion Capital Management LLC bought a new stake in shares of Lumen Technologies during the 4th quarter worth approximately $50,000. 66.19% of the stock is currently owned by institutional investors and hedge funds.

Lumen Technologies Trading Down 0.0%

Lumen Technologies stock opened at $8.91 on Monday. The company has a market capitalization of $9.18 billion, a PE ratio of -5.12 and a beta of 1.70. Lumen Technologies, Inc. has a 12 month low of $3.37 and a 12 month high of $11.95. The stock has a 50-day moving average price of $8.72 and a two-hundred day moving average price of $8.13.

Lumen Technologies (NYSE:LUMN) last posted its earnings results on Tuesday, May 5th. The technology company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.34). The business had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.83 billion. The company’s revenue was down 8.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.13) EPS. As a group, analysts predict that Lumen Technologies, Inc. will post -0.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LUMN. TD Cowen upped their price objective on Lumen Technologies from $8.00 to $9.00 and gave the stock a “hold” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. upped their price objective on Lumen Technologies from $6.00 to $7.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lumen Technologies in a report on Tuesday, April 21st. Zacks Research lowered Lumen Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. Finally, Wells Fargo & Company upped their price objective on Lumen Technologies from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Ten equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Lumen Technologies has an average rating of “Reduce” and an average target price of $7.91.

Lumen Technologies Profile

Lumen Technologies is a multinational technology company specializing in integrated network, edge cloud, security and collaboration services for enterprise and public sector clients. The company’s core offerings include high-capacity fiber and IP-based connectivity, managed edge computing solutions designed to accelerate applications and data processing closer to end users, and cybersecurity services ranging from DDoS protection to unified threat management. Through its unified portfolio, Lumen enables organizations to support digital transformation initiatives, modernize infrastructure and enhance operational resilience.

Leveraging one of the largest fiber footprints in North America, as well as infrastructure in Latin America and parts of Europe, Lumen connects customers across more than 60 countries.