Strategic Financial Concepts LLC Has $952,000 Stock Position in Lumen Technologies, Inc. (NYSE:LUMN)

Strategic Financial Concepts LLC lifted its holdings in Lumen Technologies, Inc. (NYSE:LUMN - Free Report) by 430.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 179,335 shares of the technology company's stock after purchasing an additional 145,542 shares during the quarter. Strategic Financial Concepts LLC's holdings in Lumen Technologies were worth $952,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in Lumen Technologies by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 23,344,313 shares of the technology company's stock valued at $165,776,000 after acquiring an additional 383,693 shares in the last quarter. Hennessy Advisors Inc. bought a new stake in Lumen Technologies in the 4th quarter valued at approximately $45,089,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Lumen Technologies by 9.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,265,415 shares of the technology company's stock valued at $23,184,000 after acquiring an additional 294,679 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Lumen Technologies by 1,081.0% in the 3rd quarter. Victory Capital Management Inc. now owns 2,368,911 shares of the technology company's stock valued at $16,819,000 after acquiring an additional 2,168,325 shares in the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in Lumen Technologies in the 3rd quarter valued at approximately $10,062,000. Institutional investors own 66.19% of the company's stock.

Lumen Technologies Stock Performance

LUMN traded down $0.12 during trading hours on Friday, reaching $4.60. The company's stock had a trading volume of 9,160,472 shares, compared to its average volume of 13,235,418. Lumen Technologies, Inc. has a 52 week low of $0.97 and a 52 week high of $10.33. The company's 50-day moving average is $5.51 and its 200-day moving average is $6.14. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.20 and a current ratio of 1.21. The firm has a market cap of $4.66 billion, a PE ratio of -91.88 and a beta of 1.28.

Lumen Technologies (NYSE:LUMN - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.14. Lumen Technologies had a negative return on equity of 46.17% and a negative net margin of 0.42%. On average, equities analysts forecast that Lumen Technologies, Inc. will post -0.79 EPS for the current year.

Analyst Upgrades and Downgrades

LUMN has been the topic of several research reports. The Goldman Sachs Group boosted their target price on Lumen Technologies from $4.50 to $5.00 and gave the company a "neutral" rating in a research note on Wednesday, November 6th. Royal Bank of Canada reiterated a "sector perform" rating and set a $4.25 price objective on shares of Lumen Technologies in a research note on Monday, February 10th. Citigroup upped their price objective on Lumen Technologies from $6.50 to $8.00 and gave the stock a "neutral" rating in a research note on Friday, November 29th. Finally, TD Cowen dropped their price objective on Lumen Technologies from $7.00 to $6.00 and set a "hold" rating on the stock in a research note on Wednesday, November 6th. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average 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.