39,875 Shares in Lumen Technologies, Inc. (NYSE:LUMN) Bought by Semanteon Capital Management LP

Semanteon Capital Management LP purchased a new stake in Lumen Technologies, Inc. (NYSE:LUMN) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 39,875 shares of the technology company’s stock, valued at approximately $283,000.

Other hedge funds have also recently bought and sold shares of the company. Sawgrass Asset Management LLC boosted its holdings in Lumen Technologies by 68.5% in the 2nd quarter. Sawgrass Asset Management LLC now owns 22,786 shares of the technology company’s stock valued at $25,000 after purchasing an additional 9,263 shares during the period. Sanctuary Advisors LLC bought a new stake in Lumen Technologies in the 2nd quarter valued at $25,000. ANTIPODES PARTNERS Ltd bought a new stake in Lumen Technologies in the 2nd quarter valued at $26,000. Fifth Third Wealth Advisors LLC bought a new stake in Lumen Technologies in the 2nd quarter valued at $33,000. Finally, Fidelis Capital Partners LLC raised its stake in shares of Lumen Technologies by 94.6% in the 1st quarter. Fidelis Capital Partners LLC now owns 22,142 shares of the technology company’s stock valued at $35,000 after buying an additional 10,764 shares in the last quarter. 66.19% of the stock is owned by institutional investors.

Insider Activity

In other Lumen Technologies news, Director James Fowler bought 10,000 shares of Lumen Technologies stock in a transaction dated Tuesday, September 3rd. The shares were bought at an average price of $4.70 per share, with a total value of $47,000.00. Following the purchase, the director now owns 384,056 shares of the company’s stock, valued at $1,805,063.20. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.68% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on LUMN shares. Citigroup upgraded shares of Lumen Technologies from a “sell” rating to a “neutral” rating and increased their price objective for the company from $1.25 to $3.15 in a research note on Tuesday, August 6th. Moffett Nathanson increased their target price on shares of Lumen Technologies from $1.00 to $3.00 and gave the stock a “sell” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. upgraded shares of Lumen Technologies from an “underweight” rating to a “neutral” rating in a research report on Wednesday, August 7th. Wells Fargo & Company cut shares of Lumen Technologies from an “equal weight” rating to an “underweight” rating and increased their target price for the stock from $1.75 to $4.00 in a research report on Friday, August 16th. Finally, Bank of America increased their target price on shares of Lumen Technologies from $1.00 to $2.00 and gave the stock an “underperform” rating in a research report on Thursday, August 8th. Three analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $4.09.

Lumen Technologies Trading Down 0.5 %

LUMN opened at $6.41 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 39.51. The stock has a market capitalization of $6.50 billion, a PE ratio of -0.59 and a beta of 1.19. Lumen Technologies, Inc. has a 1-year low of $0.78 and a 1-year high of $7.83. The firm has a 50-day moving average price of $6.20 and a two-hundred day moving average price of $3.36.

Lumen Technologies (NYSE:LUMN) last posted its quarterly earnings data on Tuesday, August 6th. The technology company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.07). The company had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.25 billion. Lumen Technologies had a negative net margin of 15.06% and a negative return on equity of 18.52%. The company’s revenue was down 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.10 EPS. As a group, equities analysts anticipate that Lumen Technologies, Inc. will post -0.18 earnings per share for the current fiscal year.

About Lumen Technologies

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.