Swiss National Bank Has $10.09 Million Holdings in Lumen Technologies, Inc. (NYSE:LUMN)

Swiss National Bank lessened its holdings in Lumen Technologies, Inc. (NYSE:LUMN - Free Report) by 4.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,899,900 shares of the technology company's stock after selling 86,600 shares during the period. Swiss National Bank owned approximately 0.19% of Lumen Technologies worth $10,088,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new position in Lumen Technologies during the 3rd quarter valued at about $30,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Lumen Technologies in the third quarter valued at approximately $36,000. Smartleaf Asset Management LLC boosted its holdings in shares of Lumen Technologies by 173.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 6,745 shares of the technology company's stock worth $36,000 after acquiring an additional 4,277 shares in the last quarter. R Squared Ltd bought a new stake in Lumen Technologies during the 4th quarter worth approximately $48,000. Finally, HB Wealth Management LLC acquired a new stake in Lumen Technologies during the 4th quarter valued at $59,000. Institutional investors own 66.19% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LUMN. Citigroup upgraded Lumen Technologies from a "neutral" rating to a "buy" rating and decreased their target price for the stock from $8.00 to $6.50 in a report on Wednesday, February 26th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $4.25 price objective on shares of Lumen Technologies in a report on Monday, February 10th. Finally, Wells Fargo & Company raised Lumen Technologies from an "underweight" rating to an "equal weight" rating and set a $5.00 target price for the company in a research note on Friday, February 21st. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, Lumen Technologies presently has an average rating of "Hold" and a consensus target price of $4.59.

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Lumen Technologies Trading Down 1.3 %

Shares of Lumen Technologies stock traded down $0.06 during trading on Monday, reaching $4.86. 8,159,054 shares of the company were exchanged, compared to its average volume of 18,313,654. The business has a 50-day moving average price of $5.01 and a 200-day moving average price of $6.09. The firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of -97.10 and a beta of 1.28. The company has a quick ratio of 1.20, a current ratio of 1.21 and a debt-to-equity ratio of 37.70. Lumen Technologies, Inc. has a twelve month low of $0.97 and a twelve month high of $10.33.

Lumen Technologies (NYSE:LUMN - Get Free Report) last issued its earnings results on Tuesday, February 4th. The technology company reported $0.09 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.14. Lumen Technologies had a negative net margin of 0.42% and a negative return on equity of 46.17%. Sell-side analysts anticipate that Lumen Technologies, Inc. will post -0.87 EPS for the current fiscal year.

About Lumen Technologies

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.