Humankind Investments LLC Cuts Stake in Lumen Technologies, Inc. (NYSE:LUMN)

Humankind Investments LLC lowered its position in shares of Lumen Technologies, Inc. (NYSE:LUMN) by 29.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,492 shares of the technology company’s stock after selling 7,547 shares during the quarter. Humankind Investments LLC’s holdings in Lumen Technologies were worth $98,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its position in Lumen Technologies by 173.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 6,745 shares of the technology company’s stock worth $36,000 after buying an additional 4,277 shares during the last quarter. R Squared Ltd purchased a new position in shares of Lumen Technologies in the 4th quarter valued at about $48,000. Seeds Investor LLC purchased a new position in shares of Lumen Technologies in the 4th quarter valued at about $57,000. HB Wealth Management LLC purchased a new position in shares of Lumen Technologies in the 4th quarter valued at about $59,000. Finally, Marshall Wace LLP purchased a new position in shares of Lumen Technologies in the 4th quarter valued at about $61,000. Hedge funds and other institutional investors own 66.19% of the company’s stock.

Lumen Technologies Price Performance

Lumen Technologies stock opened at $4.39 on Monday. Lumen Technologies, Inc. has a 12-month low of $0.97 and a 12-month high of $10.33. The stock has a market capitalization of $4.50 billion, a P/E ratio of -87.78 and a beta of 1.34. The firm’s 50-day moving average is $4.03 and its two-hundred day moving average is $5.39. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.21 and a quick ratio of 1.20.

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on LUMN shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $4.25 price target on shares of Lumen Technologies in a report on Monday, February 10th. Wells Fargo & Company upgraded shares of Lumen Technologies from an “underweight” rating to an “equal weight” rating and set a $5.00 price target for the company in a report on Friday, February 21st. Citigroup upgraded shares of Lumen Technologies from a “neutral” rating to a “buy” rating and cut their price target for the company from $8.00 to $6.50 in a report on Wednesday, February 26th. Finally, Raymond James raised shares of Lumen Technologies from a “market perform” rating to an “outperform” rating and set a $4.50 price objective on the stock in a research note on Monday, May 5th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Lumen Technologies presently has an average rating of “Hold” and a consensus price target of $4.58.

About Lumen Technologies

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.