New York State Common Retirement Fund Purchases 1,621,273 Shares of Lumen Technologies, Inc. $LUMN

New York State Common Retirement Fund increased its position in Lumen Technologies, Inc. (NYSE:LUMN) by 577.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,901,976 shares of the technology company’s stock after purchasing an additional 1,621,273 shares during the period. New York State Common Retirement Fund owned approximately 0.19% of Lumen Technologies worth $11,640,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of LUMN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Lumen Technologies by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 602,705 shares of the technology company’s stock valued at $2,363,000 after buying an additional 26,305 shares during the last quarter. Empowered Funds LLC lifted its position in Lumen Technologies by 26.8% in the 1st quarter. Empowered Funds LLC now owns 272,031 shares of the technology company’s stock valued at $1,066,000 after acquiring an additional 57,522 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Lumen Technologies by 11.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,985,216 shares of the technology company’s stock valued at $11,702,000 after purchasing an additional 300,328 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Lumen Technologies by 132.3% during the 2nd 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 in the last quarter. Finally, Mraz Amerine & Associates Inc. raised its stake in shares of Lumen Technologies by 5.9% in the second quarter. Mraz Amerine & Associates Inc. now owns 333,348 shares of the technology company’s stock worth $1,460,000 after purchasing an additional 18,681 shares during the last quarter. Institutional investors own 66.19% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Royal Bank Of Canada lifted their target price on Lumen Technologies from $4.25 to $8.00 and gave the company a “sector perform” rating in a research report on Tuesday, November 25th. Weiss Ratings restated a “sell (d-)” rating on shares of Lumen Technologies in a research note on Thursday, January 22nd. Citigroup lowered shares of Lumen Technologies from a “buy” rating to a “neutral” rating and set a $11.00 target price for the company. in a research note on Friday, October 31st. Wall Street Zen upgraded shares of Lumen Technologies from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Finally, Zacks Research upgraded shares of Lumen Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Lumen Technologies has an average rating of “Hold” and an average target price of $6.72.

Key Headlines Impacting Lumen Technologies

Here are the key news stories impacting Lumen Technologies this week:

• Positive Sentiment: Lumen reported a surprise adjusted profit and beat EPS expectations ($0.23 vs. street losses), which supports near‑term sentiment and helped rally the stock earlier. Lumen (LUMN) Beats Q4 Earnings Estimates
• Positive Sentiment: Management is forecasting annual free cash flow above Wall Street estimates and said digital product adoption is rising — a key fundamental driver that can support valuation multiple expansion. Lumen forecasts upbeat free cash flow, sees rising adoption of its digital products
• Positive Sentiment: Lumen closed the $5.75B sale of its mass‑market fiber business to AT&T, reducing total debt by ~ $4.8B, cutting annual interest expense ~45% and lowering capex — materially improving leverage and free‑cash‑flow flexibility. Lumen Technologies Reports Solid Fourth Quarter and Full Year 2025 Results; Completes AT&T Transaction
• Neutral Sentiment: Investors can review the full Q4 call/transcript and slide deck for color on margin recovery, enterprise strategy and FCF cadence; these details will determine whether the upbeat FCF guide is sustainable. Lumen Technologies, Inc. (LUMN) Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Partnerships and product moves (e.g., SeenThis/Lumen Research attention‑measurement product) add to commercial momentum but are unlikely to move the stock materially in the near term. SeenThis and Lumen Research Launch Attention Measurement Model
• Negative Sentiment: AIGH Capital sold 2.55M Lumen shares (~$15.6M trade size), which likely increased intraday selling pressure and contributed to today’s pullback. AIGH Capital Dumps 2.6 Million Lumen Technologies Shares In $15.6 Million Exit
• Negative Sentiment: Despite the EPS beat, revenue fell ~8.7% YoY and margins/ROE remain negative — fundamentals that keep some investors cautious and cap upside until growth stabilizes. Lumen 4Q25 Press Release / Slide Deck

Lumen Technologies Stock Performance

Shares of NYSE:LUMN opened at $8.47 on Wednesday. The company has a market capitalization of $8.68 billion, a P/E ratio of -5.13 and a beta of 1.51. The company’s 50-day moving average is $8.28 and its 200 day moving average is $7.03. Lumen Technologies, Inc. has a fifty-two week low of $3.01 and a fifty-two week high of $11.95.

Lumen Technologies (NYSE:LUMN) last announced its quarterly earnings data on Tuesday, February 3rd. The technology company reported $0.23 EPS for the quarter, topping the consensus estimate of ($0.21) by $0.44. The business had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.04 billion. Lumen Technologies had a negative net margin of 13.02% and a negative return on equity of 158.40%. The company’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.09 earnings per share. As a group, research analysts predict that Lumen Technologies, Inc. will post -0.87 earnings per share for the current year.

Lumen Technologies Company Profile

Lumen Technologies is a multinational technology company specializing in integrated network, edge cloud, security and collaboration services for enterprise and public sector clients. The company’s core offerings include high-capacity fiber and IP-based connectivity, managed edge computing solutions designed to accelerate applications and data processing closer to end users, and cybersecurity services ranging from DDoS protection to unified threat management. Through its unified portfolio, Lumen enables organizations to support digital transformation initiatives, modernize infrastructure and enhance operational resilience.

Leveraging one of the largest fiber footprints in North America, as well as infrastructure in Latin America and parts of Europe, Lumen connects customers across more than 60 countries.