Y Intercept Hong Kong Ltd Has $110,000 Stock Holdings in Lumen Technologies, Inc. $LUMN

Y Intercept Hong Kong Ltd boosted its position in Lumen Technologies, Inc. (NYSE:LUMN) by 99.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,000 shares of the technology company’s stock after buying an additional 12,488 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Lumen Technologies were worth $110,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Invesco Ltd. grew its stake in Lumen Technologies by 91.6% in the first quarter. Invesco Ltd. now owns 10,276,782 shares of the technology company’s stock valued at $40,285,000 after acquiring an additional 4,911,803 shares during the period. Allianz Asset Management GmbH lifted its holdings in shares of Lumen Technologies by 8.5% in the 2nd quarter. Allianz Asset Management GmbH now owns 9,520,500 shares of the technology company’s stock worth $41,700,000 after purchasing an additional 748,185 shares in the last quarter. Nuveen LLC acquired a new stake in Lumen Technologies in the 1st quarter valued at $26,469,000. Public Sector Pension Investment Board increased its stake in Lumen Technologies by 27.3% during the 1st quarter. Public Sector Pension Investment Board now owns 3,218,230 shares of the technology company’s stock valued at $12,615,000 after purchasing an additional 689,843 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Lumen Technologies by 11.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,985,216 shares of the technology company’s stock worth $11,702,000 after buying an additional 300,328 shares during the last quarter. Institutional investors own 66.19% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on LUMN shares. Raymond James Financial lifted their price objective on shares of Lumen Technologies from $4.50 to $5.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Wall Street Zen raised shares of Lumen Technologies from a “sell” rating to a “hold” rating in a research report on Sunday. Citigroup lowered Lumen Technologies from a “buy” rating to a “neutral” rating and set a $11.00 price objective for the company. in a report on Friday, October 31st. The Goldman Sachs Group increased their price objective on Lumen Technologies from $4.10 to $4.60 and gave the stock a “neutral” rating in a research note on Friday, October 3rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lumen Technologies in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $5.97.

Lumen Technologies Price Performance

Lumen Technologies stock opened at $10.50 on Monday. Lumen Technologies, Inc. has a 52 week low of $3.01 and a 52 week high of $11.95. The company’s 50 day moving average price is $7.09 and its two-hundred day moving average price is $5.22. The stock has a market cap of $10.76 billion, a P/E ratio of -8.89 and a beta of 1.45. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 59.98.

Lumen Technologies (NYSE:LUMN) last issued its quarterly earnings results on Friday, January 27th. The technology company reported $0.49 EPS for the quarter. The company had revenue of $4.05 billion during the quarter. Lumen Technologies had a negative return on equity of 158.40% and a negative net margin of 9.19%. On average, equities analysts predict that Lumen Technologies, Inc. will post -0.87 earnings per share for the current year.

Insider Activity

In other Lumen Technologies news, CFO Christopher Stansbury bought 40,000 shares of the stock in a transaction dated Friday, August 15th. The shares were bought at an average cost of $4.44 per share, for a total transaction of $177,600.00. Following the purchase, the chief financial officer directly owned 535,000 shares of the company’s stock, valued at approximately $2,375,400. This trade represents a 8.08% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.30% of the stock is currently owned by corporate insiders.

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.