BSW Wealth Partners Has $877,000 Stock Holdings in Lumen Technologies, Inc. (NYSE:LUMN)

BSW Wealth Partners increased its position in Lumen Technologies, Inc. (NYSE:LUMN) by 26.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 165,093 shares of the technology company’s stock after acquiring an additional 35,029 shares during the quarter. BSW Wealth Partners’ holdings in Lumen Technologies were worth $877,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Stephens Inc. AR grew its holdings in Lumen Technologies by 7.7% during the 3rd quarter. Stephens Inc. AR now owns 27,070 shares of the technology company’s stock worth $192,000 after acquiring an additional 1,935 shares during the period. Concord Wealth Partners grew its stake in Lumen Technologies by 98.8% during the third quarter. Concord Wealth Partners now owns 4,008 shares of the technology company’s stock worth $28,000 after purchasing an additional 1,992 shares during the period. US Bancorp DE grew its position in shares of Lumen Technologies by 18.6% during the 3rd quarter. US Bancorp DE now owns 15,012 shares of the technology company’s stock worth $107,000 after buying an additional 2,350 shares during the period. Xponance Inc. boosted its stake in Lumen Technologies by 4.0% during the second quarter. Xponance Inc. now owns 64,444 shares of the technology company’s stock worth $71,000 after acquiring an additional 2,487 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its holdings in Lumen Technologies by 23.6% in the third quarter. Arkadios Wealth Advisors now owns 13,367 shares of the technology company’s stock worth $95,000 after purchasing an additional 2,554 shares during the period. 66.19% of the stock is currently owned by institutional investors and hedge funds.

Lumen Technologies Trading Up 2.3 %

Shares of LUMN stock opened at $5.09 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 53.05. The firm has a market cap of $5.16 billion, a P/E ratio of -2.34 and a beta of 1.28. The company has a 50 day moving average of $6.13 and a 200-day moving average of $5.87. Lumen Technologies, Inc. has a 12-month low of $0.97 and a 12-month high of $10.33.

Lumen Technologies (NYSE:LUMN) last issued its earnings results on Tuesday, November 5th. The technology company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.04). The firm had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.21 billion. Lumen Technologies had a negative net margin of 16.06% and a negative return on equity of 49.74%. The business’s quarterly revenue was down 11.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.09) earnings per share. Sell-side analysts anticipate that Lumen Technologies, Inc. will post -0.38 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on LUMN. TD Cowen decreased their target price on Lumen Technologies from $7.00 to $6.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Citigroup lifted their price target on shares of Lumen Technologies from $6.50 to $8.00 and gave the company a “neutral” rating in a research report on Friday, November 29th. Royal Bank of Canada reiterated a “sector perform” rating and set a $4.25 price objective (up from $4.00) on shares of Lumen Technologies in a report on Friday, December 20th. Finally, The Goldman Sachs Group lifted their price target on Lumen Technologies from $4.50 to $5.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Three equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat, Lumen Technologies presently has an average rating of “Hold” and a consensus target price of $4.66.

Lumen Technologies Profile

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.