Baader Bank Aktiengesellschaft Purchases Shares of 56,228 Lumen Technologies, Inc. $LUMN

Baader Bank Aktiengesellschaft purchased a new stake in shares of Lumen Technologies, Inc. (NYSE:LUMN) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 56,228 shares of the technology company’s stock, valued at approximately $427,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC bought a new stake in Lumen Technologies during the 4th quarter valued at $30,000. UMB Bank n.a. increased its stake in Lumen Technologies by 49.1% during the 3rd quarter. UMB Bank n.a. now owns 4,105 shares of the technology company’s stock valued at $25,000 after purchasing an additional 1,351 shares in the last quarter. Fifth Third Bancorp increased its stake in Lumen Technologies by 24.5% during the 3rd quarter. Fifth Third Bancorp now owns 5,343 shares of the technology company’s stock valued at $33,000 after purchasing an additional 1,051 shares in the last quarter. Orion Capital Management LLC bought a new stake in Lumen Technologies during the 4th quarter valued at $50,000. Finally, Bessemer Group Inc. increased its stake in Lumen Technologies by 15.5% during the 3rd quarter. Bessemer Group Inc. now owns 7,209 shares of the technology company’s stock valued at $43,000 after purchasing an additional 968 shares in the last quarter. Institutional investors own 66.19% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. TD Cowen boosted their price target on shares of Lumen Technologies from $8.00 to $9.00 and gave the company a “hold” rating in a research note on Wednesday, May 6th. Zacks Research lowered shares of Lumen Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. UBS Group boosted their price target on shares of Lumen Technologies from $6.00 to $8.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Citigroup cut their price objective on shares of Lumen Technologies from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Thursday, February 5th. Finally, Wells Fargo & Company increased their target price on shares of Lumen Technologies from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Ten analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $7.91.

Lumen Technologies Price Performance

LUMN opened at $10.05 on Friday. The company’s 50-day moving average is $7.75 and its 200 day moving average is $8.13. Lumen Technologies, Inc. has a fifty-two week low of $3.37 and a fifty-two week high of $11.95. The firm has a market capitalization of $10.35 billion, a P/E ratio of -5.77 and a beta of 1.65.

Lumen Technologies (NYSE:LUMN) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.34). The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the prior year, the firm earned ($0.13) earnings per share. Lumen Technologies’s quarterly revenue was down 8.9% compared to the same quarter last year. On average, equities research analysts expect that Lumen Technologies, Inc. will post -0.39 earnings per share for the current year.

Insider Buying and Selling at Lumen Technologies

In related news, Director Diankha Linear sold 45,000 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $7.89, for a total transaction of $355,050.00. Following the transaction, the director directly owned 198,229 shares of the company’s stock, valued at $1,564,026.81. This trade represents a 18.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.30% of the stock is owned by insiders.

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.