McAdam LLC Acquires Shares of 64,966 Lumen Technologies, Inc. (NYSE:LUMN)

McAdam LLC purchased a new stake in Lumen Technologies, Inc. (NYSE:LUMN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 64,966 shares of the technology company's stock, valued at approximately $345,000.

Other institutional investors have also added to or reduced their stakes in the company. Polianta Ltd purchased a new position in shares of Lumen Technologies in the 4th quarter worth about $692,000. Mariner Investment Group LLC acquired a new position in shares of Lumen Technologies during the fourth quarter worth $531,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Lumen Technologies during the 3rd quarter worth $433,000. Quantbot Technologies LP acquired a new position in shares of Lumen Technologies in the 3rd quarter valued at $733,000. Finally, Congress Asset Management Co. acquired a new position in Lumen Technologies in the third quarter worth about $2,592,000. 66.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group increased their target price on shares of Lumen Technologies from $4.50 to $5.00 and gave the company a "neutral" rating in a research note on Wednesday, November 6th. Citigroup increased their target price on Lumen Technologies from $6.50 to $8.00 and gave the stock a "neutral" rating in a research report on Friday, November 29th. TD Cowen cut their price target on shares of Lumen Technologies from $7.00 to $6.00 and set a "hold" rating on the stock in a report on Wednesday, November 6th. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $4.25 price target (up from $4.00) on shares of Lumen Technologies in a report on Friday, December 20th. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $4.66.

Lumen Technologies Stock Up 0.3 %

LUMN stock traded up $0.02 during trading on Thursday, reaching $4.99. 15,265,301 shares of the company traded hands, compared to its average volume of 12,819,589. The company has a market capitalization of $5.06 billion, a price-to-earnings ratio of -2.30 and a beta of 1.28. The business has a 50 day simple moving average of $5.76 and a 200 day simple moving average of $5.99. The company has a debt-to-equity ratio of 53.05, a quick ratio of 1.20 and a current ratio of 1.20. Lumen Technologies, Inc. has a 12 month low of $0.97 and a 12 month high of $10.33.

Lumen Technologies (NYSE:LUMN - Get Free Report) last announced its earnings results on Tuesday, February 4th. The technology company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.05) by $0.14. Lumen Technologies had a negative net margin of 16.06% and a negative return on equity of 49.74%. On average, equities research analysts anticipate that Lumen Technologies, Inc. will post -0.38 earnings per share for the current fiscal year.

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.