Commonwealth of Pennsylvania Public School Empls Retrmt SYS Grows Stock Holdings in Lumen Technologies, Inc. $LUMN

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Lumen Technologies, Inc. (NYSE:LUMN) by 8.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 263,392 shares of the technology company’s stock after purchasing an additional 20,541 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Lumen Technologies were worth $1,154,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. HB Wealth Management LLC lifted its stake in Lumen Technologies by 23.6% during the first quarter. HB Wealth Management LLC now owns 13,715 shares of the technology company’s stock worth $54,000 after purchasing an additional 2,619 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Lumen Technologies by 132.3% during the second quarter. Farther Finance Advisors LLC now owns 5,954 shares of the technology company’s stock worth $26,000 after purchasing an additional 3,391 shares during the period. Natixis Advisors LLC grew its position in shares of Lumen Technologies by 5.1% in the 1st quarter. Natixis Advisors LLC now owns 70,630 shares of the technology company’s stock worth $277,000 after buying an additional 3,426 shares during the last quarter. LPL Financial LLC boosted its holdings in Lumen Technologies by 1.0% in the first quarter. LPL Financial LLC now owns 380,016 shares of the technology company’s stock valued at $1,490,000 after acquiring an additional 3,927 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Lumen Technologies by 60.8% during 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. 66.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Wall Street Zen raised Lumen Technologies from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. The Goldman Sachs Group raised their price objective on shares of Lumen Technologies from $4.10 to $4.60 and gave the company a “neutral” rating in a research note on Friday, October 3rd. Raymond James Financial boosted their price target on Lumen Technologies from $4.50 to $5.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Lumen Technologies in a report on Wednesday, October 8th. Finally, Citigroup downgraded Lumen Technologies from a “buy” rating to a “neutral” rating and set a $11.00 target price on the stock. in a report on Friday, October 31st. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $5.97.

Lumen Technologies Stock Up 1.7%

Shares of NYSE:LUMN opened at $7.61 on Monday. The company has a market cap of $7.81 billion, a price-to-earnings ratio of -6.45 and a beta of 1.45. The company has a 50-day moving average price of $7.68 and a 200 day moving average price of $5.54. Lumen Technologies, Inc. has a 12 month low of $3.01 and a 12 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.

Lumen Technologies (NYSE:LUMN) last announced its quarterly earnings data on Friday, January 27th. The technology company reported $0.49 earnings per share (EPS) for the quarter. Lumen Technologies had a negative net margin of 9.19% and a negative return on equity of 158.40%. The business had revenue of $4.05 billion during the quarter. As a group, equities research analysts predict that Lumen Technologies, Inc. will post -0.87 earnings per share for the current year.

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.