Nisa Investment Advisors LLC Buys 14,202 Shares of Lumen Technologies, Inc. $LUMN

Nisa Investment Advisors LLC boosted its stake in shares of Lumen Technologies, Inc. (NYSE:LUMN) by 54.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,444 shares of the technology company’s stock after buying an additional 14,202 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Lumen Technologies were worth $177,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Farther Finance Advisors LLC raised its holdings in shares of Lumen Technologies by 132.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 5,954 shares of the technology company’s stock valued at $26,000 after purchasing an additional 3,391 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Lumen Technologies by 3,527.9% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 6,639 shares of the technology company’s stock valued at $29,000 after purchasing an additional 6,456 shares in the last quarter. Meeder Advisory Services Inc. bought a new stake in shares of Lumen Technologies in the 1st quarter valued at about $41,000. OneDigital Investment Advisors LLC bought a new stake in shares of Lumen Technologies in the 1st quarter valued at about $41,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Lumen Technologies by 60.8% in the 1st quarter. Smartleaf Asset Management LLC now owns 10,847 shares of the technology company’s stock valued at $43,000 after purchasing an additional 4,102 shares in the last quarter. Institutional investors own 66.19% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on LUMN shares. Citigroup lowered shares of Lumen Technologies from a “buy” rating to a “neutral” rating and set a $11.00 price target for the company. in a report on Friday. Weiss Ratings restated a “sell (d-)” rating on shares of Lumen Technologies in a report on Wednesday, October 8th. Raymond James Financial lifted their price objective on shares of Lumen Technologies from $4.50 to $5.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. The Goldman Sachs Group lifted their price objective on shares of Lumen Technologies from $4.10 to $4.60 and gave the stock a “neutral” rating in a research report on Friday, October 3rd. Finally, Wall Street Zen downgraded shares of Lumen Technologies from a “hold” rating to a “sell” rating in a research report on Saturday. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $5.98.

Lumen Technologies Stock Up 14.8%

NYSE:LUMN opened at $11.80 on Tuesday. The company has a market cap of $12.11 billion, a PE ratio of -10.00 and a beta of 1.45. Lumen Technologies, Inc. has a twelve month low of $3.01 and a twelve month high of $11.95. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 59.98. The company’s 50 day moving average is $6.63 and its two-hundred day moving average is $5.01.

Lumen Technologies (NYSE:LUMN) last released its earnings results on Friday, January 27th. The technology company reported $0.49 earnings per share for the quarter. The company had revenue of $4.05 billion for the quarter. Lumen Technologies had a negative net margin of 9.19% and a negative return on equity of 158.40%. Analysts anticipate that Lumen Technologies, Inc. will post -0.87 EPS for the current year.

Insider Activity at Lumen Technologies

In other Lumen Technologies news, CFO Christopher Stansbury acquired 40,000 shares of the company’s stock in a transaction dated Friday, August 15th. The shares were acquired at an average cost of $4.44 per share, with a total value of $177,600.00. Following the acquisition, the chief financial officer directly owned 535,000 shares of the company’s stock, valued at approximately $2,375,400. The trade was a 8.08% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 2.30% 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.