Dimensional Fund Advisors LP increased its stake in Lumos Networks Corp. (NASDAQ:LMOS) by 2.8% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,215,549 shares of the utilities provider’s stock after buying an additional 33,312 shares during the period. Dimensional Fund Advisors LP owned 0.05% of Lumos Networks Corp. worth $21,515,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of LMOS. Thrivent Financial for Lutherans boosted its stake in Lumos Networks Corp. by 5.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 12,680 shares of the utilities provider’s stock valued at $198,000 after buying an additional 700 shares in the last quarter. Arizona State Retirement System boosted its stake in Lumos Networks Corp. by 0.8% in the first quarter. Arizona State Retirement System now owns 12,280 shares of the utilities provider’s stock valued at $217,000 after buying an additional 100 shares in the last quarter. Thrivent Financial For Lutherans boosted its stake in Lumos Networks Corp. by 4.8% in the first quarter. Thrivent Financial For Lutherans now owns 13,290 shares of the utilities provider’s stock valued at $235,000 after buying an additional 610 shares in the last quarter. Virtu Financial LLC bought a new stake in Lumos Networks Corp. during the first quarter valued at approximately $313,000. Finally, State of Tennessee Treasury Department boosted its stake in Lumos Networks Corp. by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 21,590 shares of the utilities provider’s stock valued at $382,000 after buying an additional 3,258 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Shares of Lumos Networks Corp. (LMOS) opened at 17.87 on Thursday. Lumos Networks Corp. has a 1-year low of $12.91 and a 1-year high of $17.99. The firm has a 50-day moving average of $17.89 and a 200-day moving average of $17.48. The firm’s market capitalization is $427.88 million.

Lumos Networks Corp. (NASDAQ:LMOS) last released its quarterly earnings data on Monday, August 7th. The utilities provider reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. The company had revenue of $56.37 million during 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%. On average, equities research analysts anticipate that Lumos Networks Corp. will post ($0.23) EPS for the current fiscal year.

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LMOS has been the subject of several research reports. Zacks Investment Research upgraded shares of Lumos Networks Corp. from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Wednesday, April 26th. BidaskClub cut shares of Lumos Networks Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $19.25.

Lumos Networks Corp. Company 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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Institutional Ownership by Quarter for Lumos Networks Corp. (NASDAQ:LMOS)

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