CENTRAL TRUST Co Grows Position in Lumen Technologies, Inc. (NYSE:LUMN)

CENTRAL TRUST Co raised its position in shares of Lumen Technologies, Inc. (NYSE:LUMNGet Rating) by 22.1% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 6,679 shares of the technology company’s stock after buying an additional 1,209 shares during the period. CENTRAL TRUST Co’s holdings in Lumen Technologies were worth $75,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of LUMN. ACR Alpine Capital Research LLC lifted its position in shares of Lumen Technologies by 33.1% during the first quarter. ACR Alpine Capital Research LLC now owns 13,933,431 shares of the technology company’s stock valued at $157,029,000 after buying an additional 3,466,092 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Lumen Technologies by 122.8% during the fourth quarter. American Century Companies Inc. now owns 4,198,196 shares of the technology company’s stock valued at $52,687,000 after buying an additional 2,313,960 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Lumen Technologies during the fourth quarter valued at about $24,161,000. Retirement Systems of Alabama increased its holdings in shares of Lumen Technologies by 583.3% during the first quarter. Retirement Systems of Alabama now owns 2,086,426 shares of the technology company’s stock valued at $23,514,000 after acquiring an additional 1,781,084 shares in the last quarter. Finally, Foundation Resource Management Inc. increased its holdings in shares of Lumen Technologies by 46.6% during the first quarter. Foundation Resource Management Inc. now owns 3,246,991 shares of the technology company’s stock valued at $36,594,000 after acquiring an additional 1,032,288 shares in the last quarter. 77.22% of the stock is owned by hedge funds and other institutional investors.

Lumen Technologies Stock Performance

LUMN opened at $10.63 on Tuesday. Lumen Technologies, Inc. has a 52-week low of $9.31 and a 52-week high of $14.49. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 2.31. The company has a market cap of $10.98 billion, a P/E ratio of 5.16, a price-to-earnings-growth ratio of 0.77 and a beta of 1.02. The firm’s 50-day moving average price is $11.18 and its 200-day moving average price is $11.21.

Lumen Technologies (NYSE:LUMNGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The technology company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.17. Lumen Technologies had a net margin of 11.16% and a return on equity of 18.72%. The firm had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.68 billion. During the same quarter in the prior year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was down 7.0% compared to the same quarter last year. As a group, equities analysts anticipate that Lumen Technologies, Inc. will post 1.72 EPS for the current fiscal year.

Lumen Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 10th. Stockholders of record on Tuesday, May 31st were issued a dividend of $0.25 per share. The ex-dividend date was Friday, May 27th. This represents a $1.00 annualized dividend and a dividend yield of 9.41%. Lumen Technologies’s dividend payout ratio (DPR) is currently 48.54%.

Lumen Technologies Company Profile

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Lumen Technologies, Inc, a facilities-based technology and communications company, provides various integrated products and services under the Lumen, Quantum Fiber, and CenturyLink brands to business and residential customers in the United States and internationally. The company operates in two segments, Business and Mass Markets.

See Also

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Institutional Ownership by Quarter for Lumen Technologies (NYSE:LUMN)

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