SG Americas Securities LLC Sells 612,360 Shares of Lumen Technologies, Inc. (NYSE:LUMN)

SG Americas Securities LLC lessened its holdings in shares of Lumen Technologies, Inc. (NYSE:LUMN) by 91.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,189 shares of the technology company’s stock after selling 612,360 shares during the period. SG Americas Securities LLC’s holdings in Lumen Technologies were worth $105,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hsbc Holdings PLC raised its holdings in shares of Lumen Technologies by 20.6% during the third quarter. Hsbc Holdings PLC now owns 21,698,150 shares of the technology company’s stock valued at $31,344,000 after acquiring an additional 3,713,167 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Lumen Technologies by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 117,400,489 shares of the technology company’s stock worth $166,709,000 after purchasing an additional 2,404,674 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Lumen Technologies by 137.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,085,381 shares of the technology company’s stock valued at $2,961,000 after purchasing an additional 1,207,329 shares in the last quarter. Hudson Bay Capital Management LP bought a new position in Lumen Technologies in the third quarter worth about $142,000. Finally, State of New Jersey Common Pension Fund D lifted its holdings in Lumen Technologies by 33.2% in the third quarter. State of New Jersey Common Pension Fund D now owns 1,611,863 shares of the technology company’s stock worth $2,289,000 after buying an additional 401,850 shares during the period. Institutional investors own 66.19% of the company’s stock.

Insider Buying and Selling

In other Lumen Technologies news, Director James Fowler acquired 30,000 shares of the business’s stock in a transaction on Friday, February 9th. The shares were acquired at an average price of $1.50 per share, for a total transaction of $45,000.00. Following the completion of the acquisition, the director now owns 183,038 shares in the company, valued at $274,557. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director T Michael Glenn purchased 50,000 shares of the stock in a transaction dated Monday, February 26th. The stock was purchased at an average price of $1.47 per share, with a total value of $73,500.00. Following the transaction, the director now directly owns 272,019 shares in the company, valued at $399,867.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Fowler acquired 30,000 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were purchased at an average cost of $1.50 per share, for a total transaction of $45,000.00. Following the completion of the transaction, the director now directly owns 183,038 shares in the company, valued at approximately $274,557. The disclosure for this purchase can be found here. Insiders acquired a total of 113,500 shares of company stock worth $174,780 in the last three months. 1.68% of the stock is owned by corporate insiders.

Lumen Technologies Stock Down 0.8 %

LUMN stock opened at $1.31 on Friday. Lumen Technologies, Inc. has a fifty-two week low of $0.78 and a fifty-two week high of $2.70. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of -0.13 and a beta of 1.10. The business’s 50 day moving average price is $1.55 and its two-hundred day moving average price is $1.48. The company has a debt-to-equity ratio of 47.56, a quick ratio of 1.35 and a current ratio of 1.35.

Lumen Technologies (NYSE:LUMN) last issued its quarterly earnings results on Tuesday, February 6th. The technology company reported $0.08 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.11. The company had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.45 billion. Lumen Technologies had a positive return on equity of 4.85% and a negative net margin of 70.74%. The firm’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 earnings per share. As a group, analysts forecast that Lumen Technologies, Inc. will post -0.24 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.