A recent survey by showed that three research analysts have rated the stock with a sell rating based on underperformance trends. Unfortunately, Lumen Technologies faces some less than favorable ratings from research analysts who have rated the stock with a consensus rating of “Hold” and a consensus price target of $5.11. It serves business and residential customers across the United States and internationally. As of June 9, 2023, Institutional investors own 76.03% of the company’s stock.ĭespite the fluctuation in ownership, LUMN represents itself as an integrated technology and communications provider offering various products and services under the Lumen, Quantum Fiber, and CenturyLink brands. The Vanguard Group Inc., BlackRock Inc., State Street Corp, First Trust Advisors LP, and Invesco Ltd., have all added to or reduced their stakes in LUMN at various points in time. (NYSE:LUMN) has seen a shift in ownership among various hedge funds and institutional investors in recent months. (NYSE:LUMN) Amidst Less Than Favorable Ratings and Market Volatility Show more Ownership Shifts and Fluctuations in Lumen Technologies, Inc. In summary, while Lumen Technologies announced less than exceptional quarterly results along side slipping revenue figures since previous year ,the industry still has impacted key players like Geode Capital Managements’s interest in boosting their share-holdings in the long run as they are forecasting promising stability,citing return on equity ratios marking positive figures which could signal growth opportunities in future quarters with effective planning and strategies to wade off internal roadmap blockade amidst tectonic economic shake-ups globally. Investors can keep tabs regarding other hedge fund holdings by visiting to get updates on insider trades and latest SEC filings related to Lumen Technologies Inc’s stocks traded under NYSE:LUMN ticker symbol. However, revenues for the quarter were $3.74 billion against analysts’ expectations of $3.73 billion with a YoY decline of 20.1%.Īnalysts forecast that Lumen Technologies will post earnings per share of 0.4 for this fiscal year-end as stated by equities research reports in June 2023. The company’s net margin was -9.89%, while its return on equity stood at a positive 8.87%. This figure was slightly below the consensus estimate of $0.12 per share by ($0.02). Lumen Technologies recently released its quarterly earnings data on May 2nd and reported $0.10 earnings per share for the quarter. With the acquisition of these shares, Geode Capital Management LLC now owns approximately 2% of Lumen Technologies’ total stock. In its most recent filing with the Securities & Exchange Commission for the fourth quarter of last year, Geode Capital Management LLC reported acquiring an additional 193,711 shares of Lumen Technologies worth $108,333,000.
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Register for your free account today at Capital Management LLC, a global investment management firm, has added 0.9% to its previously existing position in Lumen Technologies (NYSE:LUMN), a leading technology company. Data Link's cloud-based technology platform allows you to search, discover and access data and analytics for seamless integration via cloud APIs. ET of the following day.ĭata provided by Nasdaq Data Link, a premier source for financial, economic and alternative datasets. After Hours trades will be posted from 4:15 p.m.Pre-Market trade data will be posted from 4:15 a.m.will report pre-market and after hours trades. Investors who anticipate trading during these times are strongly advised to use limit orders. Stock prices may also move more quickly in this environment. Participation from Market Makers and ECNs is strictly voluntary and as a result, these sessions may offer less liquidity and inferior prices. ET) and the After Hours Market (4:00-8:00 p.m.
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