Compagnie Lombard Odier SCmA Raises Position in Lumen Technologies, Inc. (NYSE:LUMN)

Compagnie Lombard Odier SCmA increased its stake in Lumen Technologies, Inc. (NYSE:LUMN) by 50.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,000 shares of the technology company’s stock after acquiring an additional 15,000 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Lumen Technologies were worth $239,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LUMN. Hennessy Advisors Inc. acquired a new stake in Lumen Technologies in the 4th quarter valued at about $45,089,000. Victory Capital Management Inc. raised its holdings in Lumen Technologies by 1,081.0% in the third quarter. Victory Capital Management Inc. now owns 2,368,911 shares of the technology company’s stock valued at $16,819,000 after acquiring an additional 2,168,325 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in Lumen Technologies in the third quarter worth approximately $10,062,000. FORA Capital LLC acquired a new position in Lumen Technologies during the 3rd quarter worth approximately $2,909,000. Finally, Geode Capital Management LLC increased its position in shares of Lumen Technologies by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 23,344,313 shares of the technology company’s stock valued at $165,776,000 after purchasing an additional 383,693 shares during the last quarter. 66.19% of the stock is currently owned by hedge funds and other institutional investors.

Lumen Technologies Price Performance

Shares of NYSE LUMN opened at $4.60 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.20 and a debt-to-equity ratio of 37.70. The stock has a market cap of $4.66 billion, a P/E ratio of -91.88 and a beta of 1.28. The stock has a 50 day moving average of $5.51 and a two-hundred day moving average of $6.12. Lumen Technologies, Inc. has a twelve month low of $0.97 and a twelve month high of $10.33.

Lumen Technologies (NYSE:LUMN) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates 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%. On average, research analysts forecast that Lumen Technologies, Inc. will post -0.79 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. The Goldman Sachs Group boosted their target price on shares of Lumen Technologies from $4.50 to $5.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Citigroup upped their price objective on Lumen Technologies from $6.50 to $8.00 and gave the stock a “neutral” rating in a research report on Friday, November 29th. TD Cowen cut their target price on Lumen Technologies from $7.00 to $6.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $4.25 price target on shares of Lumen Technologies in a report on Monday, February 10th. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat.com, Lumen Technologies has a consensus rating of “Hold” and an average target price of $4.66.

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.