California Public Employees Retirement System reduced its position in Lumos Networks Corp. (NASDAQ:LMOS) by 16.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,800 shares of the utilities provider’s stock after selling 10,600 shares during the period. California Public Employees Retirement System owned 0.23% of Lumos Networks Corp. worth $997,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan raised its position in Lumos Networks Corp. by 6.2% during the second quarter. Municipal Employees Retirement System of Michigan now owns 5,660 shares of the utilities provider’s stock valued at $101,000 after purchasing an additional 330 shares during the period. BNP Paribas Arbitrage SA raised its position in Lumos Networks Corp. by 48.7% during the second quarter. BNP Paribas Arbitrage SA now owns 8,200 shares of the utilities provider’s stock valued at $147,000 after purchasing an additional 2,686 shares during the period. Arizona State Retirement System raised its position in Lumos Networks Corp. by 1.6% during the second quarter. Arizona State Retirement System now owns 12,480 shares of the utilities provider’s stock valued at $223,000 after purchasing an additional 200 shares during the period. Thrivent Financial For Lutherans raised its position in Lumos Networks Corp. by 4.8% during the first quarter. Thrivent Financial For Lutherans now owns 13,290 shares of the utilities provider’s stock valued at $235,000 after purchasing an additional 610 shares during the period. Finally, Paloma Partners Management Co purchased a new stake in Lumos Networks Corp. during the first quarter valued at approximately $251,000. Institutional investors own 78.58% of the company’s stock.

In other news, insider Thomas E. Ferry sold 8,252 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $17.94, for a total value of $148,040.88. Following the sale, the insider now directly owns 50,383 shares in the company, valued at $903,871.02. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 8.70% of the company’s stock.

Shares of Lumos Networks Corp. (LMOS) opened at $17.97 on Monday. The company has a debt-to-equity ratio of 2.76, a quick ratio of 0.65 and a current ratio of 0.65. Lumos Networks Corp. has a fifty-two week low of $14.02 and a fifty-two week high of $17.99.

A number of equities research analysts have issued reports on LMOS shares. Zacks Investment Research upgraded Lumos Networks Corp. from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Wednesday, August 9th. BidaskClub downgraded Lumos Networks Corp. from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Lumos Networks Corp. has an average rating of “Hold” and a consensus price target of $19.25.

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Lumos Networks Corp. 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.

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

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