Brighton Jones LLC Takes $27,000 Position in Lumen Technologies, Inc. (NYSE:LUMN)

Brighton Jones LLC bought a new stake in Lumen Technologies, Inc. (NYSE:LUMN) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 14,575 shares of the technology company’s stock, valued at approximately $27,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Strategies Wealth Advisors LLC acquired a new position in Lumen Technologies in the 4th quarter valued at approximately $26,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Lumen Technologies during the third quarter valued at approximately $30,000. ORG Partners LLC raised its stake in shares of Lumen Technologies by 54.0% in the fourth quarter. ORG Partners LLC now owns 22,580 shares of the technology company’s stock valued at $41,000 after purchasing an additional 7,920 shares in the last quarter. Belpointe Asset Management LLC boosted its stake in Lumen Technologies by 52.1% during the third quarter. Belpointe Asset Management LLC now owns 24,527 shares of the technology company’s stock worth $35,000 after buying an additional 8,405 shares in the last quarter. Finally, QCM Cayman Ltd. acquired a new stake in Lumen Technologies during the third quarter worth $37,000. 66.19% of the stock is owned by institutional investors and hedge funds.

Lumen Technologies Trading Up 2.3 %

Shares of LUMN stock opened at $1.32 on Friday. The firm has a fifty day moving average of $1.49 and a 200-day moving average of $1.48. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of -0.12 and a beta of 1.16. Lumen Technologies, Inc. has a 52-week low of $0.78 and a 52-week high of $2.70. The company has a debt-to-equity ratio of 36.89, a quick ratio of 1.35 and a current ratio of 1.03.

Lumen Technologies (NYSE:LUMN) last posted its quarterly earnings results on Tuesday, April 30th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The business had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.38 billion. Lumen Technologies had a positive return on equity of 4.06% and a negative net margin of 76.21%. The business’s revenue for the quarter was down 12.0% on a year-over-year basis. During the same period last year, the company earned $0.10 EPS. On average, equities research analysts forecast that Lumen Technologies, Inc. will post -0.18 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director James Fowler purchased 33,500 shares of the stock in a transaction on Tuesday, February 13th. The shares were purchased at an average cost of $1.68 per share, for a total transaction of $56,280.00. Following the completion of the transaction, the director now directly owns 216,538 shares of the company’s stock, valued at approximately $363,783.84. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director James Fowler purchased 33,500 shares of Lumen Technologies stock in a transaction on Tuesday, February 13th. The shares were purchased at an average cost of $1.68 per share, for a total transaction of $56,280.00. Following the completion of the transaction, the director now directly owns 216,538 shares in the company, valued at $363,783.84. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director T Michael Glenn acquired 50,000 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were purchased at an average cost of $1.47 per share, for a total transaction of $73,500.00. Following the completion of the purchase, the director now directly owns 272,019 shares of the company’s stock, valued at approximately $399,867.93. The disclosure for this purchase can be found here. Insiders purchased 863,500 shares of company stock worth $1,134,780 in the last 90 days. 1.68% of the stock is owned by company insiders.

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.