Compagnie Lombard Odier SCmA Purchases 55,000 Shares of Lumen Technologies, Inc. (NYSE:LUMN)

Compagnie Lombard Odier SCmA raised its position in Lumen Technologies, Inc. (NYSE:LUMN) by 122.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 100,000 shares of the technology company’s stock after buying an additional 55,000 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Lumen Technologies were worth $392,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC boosted its stake in shares of Lumen Technologies by 103.4% in the 1st quarter. SG Americas Securities LLC now owns 170,464 shares of the technology company’s stock valued at $668,000 after purchasing an additional 86,637 shares in the last quarter. First Citizens Bank & Trust Co. boosted its stake in shares of Lumen Technologies by 64.9% in the 1st quarter. First Citizens Bank & Trust Co. now owns 44,999 shares of the technology company’s stock valued at $176,000 after purchasing an additional 17,716 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Lumen Technologies by 3.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 76,905 shares of the technology company’s stock valued at $408,000 after purchasing an additional 2,220 shares in the last quarter. Siemens Fonds Invest GmbH acquired a new stake in shares of Lumen Technologies in the 4th quarter valued at approximately $62,000. Finally, Jefferies Financial Group Inc. acquired a new stake in shares of Lumen Technologies in the 4th quarter valued at approximately $398,000. 66.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company upgraded shares of Lumen Technologies from an “underweight” rating to an “equal weight” rating and set a $5.00 price target on the stock in a research note on Friday, February 21st. Raymond James upgraded shares of Lumen Technologies from a “market perform” rating to an “outperform” rating and set a $4.50 target price on the stock in a research report on Monday, May 5th. Finally, Citigroup upgraded shares of Lumen Technologies from a “neutral” rating to a “buy” rating and cut their target price for the stock from $8.00 to $6.50 in a research report on Wednesday, February 26th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $4.58.

Lumen Technologies Stock Up 1.2%

Shares of NYSE LUMN opened at $4.20 on Friday. The company has a market capitalization of $4.31 billion, a P/E ratio of -83.98 and a beta of 1.38. Lumen Technologies, Inc. has a 52-week low of $0.97 and a 52-week high of $10.33. 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 company’s 50 day moving average price is $3.81 and its 200-day moving average price is $4.78.

Lumen Technologies (NYSE:LUMN) last issued its quarterly earnings results on Thursday, May 1st. The technology company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.16. The firm had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.12 billion. Lumen Technologies had a negative net margin of 0.42% and a negative return on equity of 46.17%. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.04) EPS. Equities analysts forecast that Lumen Technologies, Inc. will post -0.87 earnings per share for the current year.

Lumen Technologies Company 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.