Sei Investments Co. lifted its holdings in shares of Lumos Networks Corp. (NASDAQ:LMOS) by 384,275.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 15,375 shares of the utilities provider’s stock after acquiring an additional 15,371 shares during the period. Sei Investments Co. owned approximately 0.06% of Lumos Networks Corp. worth $275,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of LMOS. Municipal Employees Retirement System of Michigan grew its stake in shares of Lumos Networks Corp. by 6.2% during the second quarter. Municipal Employees Retirement System of Michigan now owns 5,660 shares of the utilities provider’s stock worth $101,000 after acquiring an additional 330 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Lumos Networks Corp. by 0.8% during the first quarter. Arizona State Retirement System now owns 12,280 shares of the utilities provider’s stock worth $217,000 after acquiring an additional 100 shares during the last quarter. Thrivent Financial For Lutherans grew its stake in shares of Lumos Networks Corp. by 4.8% during the first quarter. Thrivent Financial For Lutherans now owns 13,290 shares of the utilities provider’s stock worth $235,000 after acquiring an additional 610 shares during the last quarter. Paloma Partners Management Co purchased a new stake in shares of Lumos Networks Corp. during the first quarter worth about $251,000. Finally, Texas Permanent School Fund grew its stake in shares of Lumos Networks Corp. by 2.4% during the second quarter. Texas Permanent School Fund now owns 17,482 shares of the utilities provider’s stock worth $312,000 after acquiring an additional 413 shares during the last quarter. Institutional investors and hedge funds own 79.71% of the company’s stock.
Lumos Networks Corp. (NASDAQ LMOS) traded up 0.06% during midday trading on Friday, hitting $17.93. The company had a trading volume of 240,671 shares. The firm has a 50-day moving average price of $17.91 and a 200-day moving average price of $17.85. The company’s market cap is $429.32 million. Lumos Networks Corp. has a 12 month low of $13.25 and a 12 month high of $17.99.
Lumos Networks Corp. (NASDAQ:LMOS) last released its quarterly earnings results on Monday, August 7th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. The firm had revenue of $56.37 million for the quarter, compared to the consensus estimate of $55.33 million. Lumos Networks Corp. had a negative return on equity of 2.79% and a negative net margin of 1.70%. Equities analysts anticipate that Lumos Networks Corp. will post ($0.19) EPS for the current year.
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In related news, insider Thomas E. Ferry sold 8,252 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $17.94, for a total transaction of $148,040.88. Following the transaction, the insider now owns 50,383 shares in the company, valued at approximately $903,871.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 8.70% of the company’s stock.
LMOS has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Lumos Networks Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. BidaskClub lowered Lumos Networks Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $19.25.
Lumos Networks Corp. Profile
Lumos Networks Corp. is a fiber-based bandwidth infrastructure and service provider in the Mid-Atlantic region with a network of long-haul fiber, metro Ethernet and Ethernet rings located primarily in Virginia and West Virginia, and portions of Maryland, Pennsylvania, Ohio and Kentucky. The Company serves carrier, business and residential customers over its fiber network offering data, voice and Internet protocol (IP) services.
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