Total Clarity Wealth Management Inc. Makes New Investment in Lumen Technologies, Inc. $LUMN

Total Clarity Wealth Management Inc. purchased a new stake in Lumen Technologies, Inc. (NYSE:LUMN) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 191,420 shares of the technology company’s stock, valued at approximately $1,171,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Lumen Technologies by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 602,705 shares of the technology company’s stock worth $2,363,000 after purchasing an additional 26,305 shares in the last quarter. Empowered Funds LLC grew its position in Lumen Technologies by 26.8% during the first quarter. Empowered Funds LLC now owns 272,031 shares of the technology company’s stock worth $1,066,000 after buying an additional 57,522 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position 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 in the last quarter. State of New Jersey Common Pension Fund D increased its stake in Lumen Technologies by 9.8% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 490,480 shares of the technology company’s stock worth $2,148,000 after acquiring an additional 43,711 shares during the period. Finally, Nisa Investment Advisors LLC lifted its position in shares of Lumen Technologies by 54.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 40,444 shares of the technology company’s stock valued at $177,000 after acquiring an additional 14,202 shares during the period. Institutional investors and hedge funds own 66.19% of the company’s stock.

Insider Activity at Lumen Technologies

In other Lumen Technologies news, Director Diankha Linear sold 45,000 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $7.89, for a total value of $355,050.00. Following the completion of the transaction, the director directly owned 198,229 shares in the company, valued at approximately $1,564,026.81. This represents a 18.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Kathleen E. Johnson purchased 78,685 shares of the business’s stock in a transaction dated Thursday, February 5th. The shares were acquired at an average price of $6.35 per share, for a total transaction of $499,649.75. Following the acquisition, the chief executive officer owned 8,562,582 shares of the company’s stock, valued at $54,372,395.70. This trade represents a 0.93% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on LUMN shares. The Goldman Sachs Group upped their price objective on shares of Lumen Technologies from $5.50 to $7.25 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Wall Street Zen raised shares of Lumen Technologies from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Citigroup decreased their price objective on shares of Lumen Technologies from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Thursday, February 5th. Raymond James Financial restated a “market perform” rating on shares of Lumen Technologies in a research note on Wednesday, February 4th. Finally, Royal Bank Of Canada raised their target price on Lumen Technologies from $4.25 to $8.00 and gave the company a “sector perform” rating in a report on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $7.25.

Lumen Technologies Stock Performance

NYSE LUMN opened at $7.11 on Thursday. The firm’s fifty day moving average price is $8.04 and its two-hundred day moving average price is $7.40. The stock has a market cap of $7.28 billion, a PE ratio of -4.08 and a beta of 1.51. Lumen Technologies, Inc. has a fifty-two week low of $3.01 and a fifty-two week high of $11.95.

Lumen Technologies (NYSE:LUMN) last released its quarterly earnings data on Tuesday, February 3rd. The technology company reported $0.23 earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.44. Lumen Technologies had a negative return on equity of 158.40% and a negative net margin of 14.02%.The company had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.04 billion. During the same quarter last year, the business posted $0.09 EPS. Lumen Technologies’s revenue for the quarter was down 8.7% on a year-over-year basis. As a group, sell-side analysts predict that Lumen Technologies, Inc. will post -0.87 earnings per share for the current fiscal year.

About Lumen Technologies

Lumen Technologies is a multinational technology company specializing in integrated network, edge cloud, security and collaboration services for enterprise and public sector clients. The company’s core offerings include high-capacity fiber and IP-based connectivity, managed edge computing solutions designed to accelerate applications and data processing closer to end users, and cybersecurity services ranging from DDoS protection to unified threat management. Through its unified portfolio, Lumen enables organizations to support digital transformation initiatives, modernize infrastructure and enhance operational resilience.

Leveraging one of the largest fiber footprints in North America, as well as infrastructure in Latin America and parts of Europe, Lumen connects customers across more than 60 countries.