Lumen Technologies, Inc. (NYSE:LUMN) Shares Sold by Choreo LLC

Choreo LLC lessened its holdings in Lumen Technologies, Inc. (NYSE:LUMN) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 436,108 shares of the technology company’s stock after selling 13,071 shares during the period. Choreo LLC’s holdings in Lumen Technologies were worth $2,303,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Stephens Inc. AR raised its holdings in shares of Lumen Technologies by 7.7% in the 3rd quarter. Stephens Inc. AR now owns 27,070 shares of the technology company’s stock valued at $192,000 after buying an additional 1,935 shares during the period. Concord Wealth Partners raised its holdings in shares of Lumen Technologies by 98.8% in the 3rd quarter. Concord Wealth Partners now owns 4,008 shares of the technology company’s stock valued at $28,000 after buying an additional 1,992 shares during the period. US Bancorp DE raised its holdings in shares of Lumen Technologies by 18.6% in the 3rd quarter. US Bancorp DE now owns 15,012 shares of the technology company’s stock valued at $107,000 after buying an additional 2,350 shares during the period. Arkadios Wealth Advisors raised its holdings in shares of Lumen Technologies by 23.6% in the 3rd quarter. Arkadios Wealth Advisors now owns 13,367 shares of the technology company’s stock valued at $95,000 after buying an additional 2,554 shares during the period. Finally, Avior Wealth Management LLC raised its holdings in shares of Lumen Technologies by 6.8% in the 4th quarter. Avior Wealth Management LLC now owns 41,845 shares of the technology company’s stock valued at $222,000 after buying an additional 2,657 shares during the period. Institutional investors and hedge funds own 66.19% of the company’s stock.

Analysts Set New Price Targets

LUMN has been the topic of several recent research reports. Citigroup upped their price target on Lumen Technologies from $6.50 to $8.00 and gave the stock a “neutral” rating in a report on Friday, November 29th. Royal Bank of Canada restated a “sector perform” rating and set a $4.25 price target (up previously from $4.00) on shares of Lumen Technologies in a report on Friday, December 20th. The Goldman Sachs Group upped their price target on Lumen Technologies from $4.50 to $5.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Finally, TD Cowen cut their price target on Lumen Technologies from $7.00 to $6.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Three research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $4.66.

Lumen Technologies Stock Up 0.3 %

Shares of NYSE LUMN opened at $4.99 on Friday. The stock has a market cap of $5.06 billion, a PE ratio of -2.30 and a beta of 1.28. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 53.05. Lumen Technologies, Inc. has a 52-week low of $0.97 and a 52-week high of $10.33. The business has a 50-day moving average price of $5.76 and a 200 day moving average price of $5.99.

Lumen Technologies (NYSE:LUMN) last announced its earnings results on Tuesday, February 4th. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.14. Lumen Technologies had a negative return on equity of 49.74% and a negative net margin of 16.06%. Equities research analysts forecast that Lumen Technologies, Inc. will post -0.38 earnings per share for the current 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.