Everence Capital Management Inc. Purchases 69,820 Shares of Lumen Technologies, Inc. (NYSE:LUMN)

Everence Capital Management Inc. raised its position in shares of Lumen Technologies, Inc. (NYSE:LUMNFree Report) by 75.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 162,730 shares of the technology company’s stock after purchasing an additional 69,820 shares during the quarter. Everence Capital Management Inc.’s holdings in Lumen Technologies were worth $298,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Lumen Technologies by 8.3% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 13,045 shares of the technology company’s stock valued at $147,000 after purchasing an additional 995 shares during the period. SVB Wealth LLC grew its stake in shares of Lumen Technologies by 7.9% during the 1st quarter. SVB Wealth LLC now owns 18,743 shares of the technology company’s stock valued at $212,000 after purchasing an additional 1,370 shares during the period. D.A. Davidson & CO. grew its stake in shares of Lumen Technologies by 11.2% during the 1st quarter. D.A. Davidson & CO. now owns 18,167 shares of the technology company’s stock valued at $205,000 after purchasing an additional 1,837 shares during the period. Kentucky Retirement Systems Insurance Trust Fund grew its stake in shares of Lumen Technologies by 7.5% during the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 34,135 shares of the technology company’s stock valued at $249,000 after purchasing an additional 2,370 shares during the period. Finally, Gamco Investors INC. ET AL grew its stake in shares of Lumen Technologies by 3.1% during the 1st quarter. Gamco Investors INC. ET AL now owns 84,996 shares of the technology company’s stock valued at $958,000 after purchasing an additional 2,547 shares during the period. 66.19% of the stock is currently owned by institutional investors.

Lumen Technologies Price Performance

LUMN stock opened at $1.32 on Friday. Lumen Technologies, Inc. has a twelve month low of $0.78 and a twelve month high of $2.70. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 47.56. The stock has a market cap of $1.33 billion, a P/E ratio of -0.13 and a beta of 1.10. The business’s 50-day moving average price is $1.55 and its 200-day moving average price is $1.48.

Lumen Technologies (NYSE:LUMNGet Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The technology company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.11. Lumen Technologies had a positive return on equity of 4.85% and a negative net margin of 70.74%. The firm had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.45 billion. During the same period in the previous year, the firm earned $0.43 EPS. The business’s quarterly revenue was down 7.4% on a year-over-year basis. On average, equities research analysts forecast that Lumen Technologies, Inc. will post -0.24 EPS for the current year.

Insider Activity

In related news, Director James Fowler acquired 33,500 shares of the stock in a transaction dated Tuesday, February 13th. The shares were purchased at an average cost of $1.68 per share, with a total value of $56,280.00. Following the transaction, the director now directly owns 216,538 shares in the company, valued at $363,783.84. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Lumen Technologies news, Director James Fowler purchased 33,500 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were bought at an average cost of $1.68 per share, with a total value of $56,280.00. Following the acquisition, the director now owns 216,538 shares in the company, valued at $363,783.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director T Michael Glenn purchased 50,000 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was acquired at an average cost of $1.47 per share, for a total transaction of $73,500.00. Following the completion of the acquisition, the director now owns 272,019 shares in the company, valued at approximately $399,867.93. The disclosure for this purchase can be found here. Insiders have purchased a total of 113,500 shares of company stock valued at $174,780 in the last ninety days. Corporate insiders own 1.68% of the company’s stock.

Lumen Technologies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Lumen Technologies (NYSE:LUMN)

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