Mraz Amerine & Associates Inc. Decreases Stock Position in Lumen Technologies, Inc. (NYSE:LUMN)

Mraz Amerine & Associates Inc. lowered its stake in Lumen Technologies, Inc. (NYSE:LUMN) by 16.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 286,742 shares of the technology company’s stock after selling 57,757 shares during the period. Mraz Amerine & Associates Inc.’s holdings in Lumen Technologies were worth $525,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Hsbc Holdings PLC increased its holdings in Lumen Technologies by 20.6% during the 3rd quarter. Hsbc Holdings PLC now owns 21,698,150 shares of the technology company’s stock valued at $31,344,000 after purchasing an additional 3,713,167 shares during the period. Vanguard Group Inc. increased its holdings in Lumen Technologies by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 117,400,489 shares of the technology company’s stock valued at $166,709,000 after purchasing an additional 2,404,674 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Lumen Technologies by 137.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,085,381 shares of the technology company’s stock valued at $2,961,000 after purchasing an additional 1,207,329 shares during the period. Hudson Bay Capital Management LP purchased a new position in Lumen Technologies during the 3rd quarter valued at about $142,000. Finally, State of New Jersey Common Pension Fund D increased its holdings in Lumen Technologies by 33.2% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 1,611,863 shares of the technology company’s stock valued at $2,289,000 after purchasing an additional 401,850 shares during the period. Hedge funds and other institutional investors own 66.19% of the company’s stock.

Lumen Technologies Stock Down 0.8 %

Shares of LUMN stock traded down $0.01 during midday trading on Wednesday, reaching $1.32. 6,727,620 shares of the stock were exchanged, compared to its average volume of 13,125,123. Lumen Technologies, Inc. has a 1 year low of $0.78 and a 1 year high of $2.70. The company’s 50 day moving average is $1.56 and its two-hundred day moving average is $1.48. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 47.56. The firm has a market cap of $1.33 billion, a PE ratio of -0.13 and a beta of 1.10.

Lumen Technologies (NYSE:LUMN) last posted its earnings results on Tuesday, February 6th. The technology company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.11. Lumen Technologies had a positive return on equity of 4.85% and a negative net margin of 70.74%. The firm had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.45 billion. During the same quarter in the prior year, the business earned $0.43 EPS. The business’s revenue for the quarter was down 7.4% on a year-over-year basis. On average, equities research analysts predict that Lumen Technologies, Inc. will post -0.24 EPS for the current year.

Insiders Place Their Bets

In other news, Director James Fowler bought 33,500 shares of Lumen Technologies stock in a transaction on Tuesday, February 13th. The shares were purchased at an average price of $1.68 per share, for a total transaction of $56,280.00. Following the acquisition, the director now owns 216,538 shares of the company’s stock, valued at $363,783.84. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director James Fowler purchased 33,500 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were purchased at an average cost of $1.68 per share, with a total value of $56,280.00. Following the transaction, the director now directly owns 216,538 shares in the company, valued at approximately $363,783.84. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director T Michael Glenn purchased 50,000 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was bought at an average cost of $1.47 per share, for a total transaction of $73,500.00. Following the completion of the transaction, the director now owns 272,019 shares in the company, valued at $399,867.93. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 113,500 shares of company stock worth $174,780. Company insiders own 1.68% of the company’s stock.

Lumen Technologies 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.