Cibc World Market Inc. Has $210,000 Stock Holdings in Lumen Technologies, Inc. (NYSE:LUMN)

Cibc World Market Inc. lowered its position in shares of Lumen Technologies, Inc. (NYSE:LUMNGet Rating) by 38.9% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,209 shares of the technology company’s stock after selling 12,215 shares during the quarter. Cibc World Market Inc.’s holdings in Lumen Technologies were worth $210,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of LUMN. Truvestments Capital LLC acquired a new stake in Lumen Technologies in the 2nd quarter worth about $25,000. Wellington Shields Capital Management LLC bought a new position in shares of Lumen Technologies during the first quarter worth approximately $27,000. Tcwp LLC acquired a new stake in shares of Lumen Technologies in the first quarter valued at approximately $27,000. Parkside Financial Bank & Trust boosted its stake in shares of Lumen Technologies by 184.2% in the second quarter. Parkside Financial Bank & Trust now owns 2,865 shares of the technology company’s stock valued at $32,000 after buying an additional 1,857 shares during the period. Finally, Sittner & Nelson LLC acquired a new stake in Lumen Technologies during the first quarter worth approximately $39,000. Institutional investors and hedge funds own 79.02% of the company’s stock.

Insider Buying and Selling at Lumen Technologies

In related news, Director T Michael Glenn purchased 20,000 shares of the stock in a transaction dated Friday, November 4th. The stock was bought at an average cost of $5.92 per share, for a total transaction of $118,400.00. Following the completion of the acquisition, the director now owns 136,414 shares of the company’s stock, valued at $807,570.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director T Michael Glenn acquired 20,000 shares of Lumen Technologies stock in a transaction that occurred on Friday, November 4th. The shares were acquired at an average price of $5.92 per share, for a total transaction of $118,400.00. Following the transaction, the director now directly owns 136,414 shares of the company’s stock, valued at approximately $807,570.88. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Martha Helena Bejar bought 12,500 shares of the company’s stock in a transaction on Tuesday, November 8th. The stock was purchased at an average price of $6.36 per share, with a total value of $79,500.00. Following the completion of the transaction, the director now directly owns 101,430 shares of the company’s stock, valued at approximately $645,094.80. The disclosure for this purchase can be found here. Company insiders own 0.76% of the company’s stock.

Lumen Technologies Trading Up 0.9 %

Shares of Lumen Technologies stock opened at $5.88 on Friday. The firm’s 50 day moving average is $6.93 and its 200 day moving average is $9.53. The firm has a market capitalization of $6.08 billion, a PE ratio of 2.94 and a beta of 1.06. Lumen Technologies, Inc. has a 1 year low of $5.68 and a 1 year high of $13.93. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.73.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LUMN. JPMorgan Chase & Co. dropped their price objective on Lumen Technologies from $10.00 to $7.00 and set an “underweight” rating for the company in a report on Thursday, November 3rd. Citigroup cut their price objective on shares of Lumen Technologies from $11.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, October 13th. UBS Group decreased their target price on shares of Lumen Technologies from $11.00 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, November 3rd. TheStreet downgraded shares of Lumen Technologies from a “b” rating to a “c” rating in a report on Monday, August 15th. Finally, Wells Fargo & Company cut shares of Lumen Technologies from an “overweight” rating to an “equal weight” rating and set a $8.00 price objective on the stock. in a research note on Wednesday, October 5th. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat.com, Lumen Technologies currently has an average rating of “Hold” and a consensus price target of $7.14.

About Lumen Technologies

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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.

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

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