18,840 Shares in Lumen Technologies, Inc. (NYSE:LUMN) Acquired by Callan Family Office LLC

Callan Family Office LLC bought a new position in shares of Lumen Technologies, Inc. (NYSE:LUMN) during the 4th quarter, HoldingsChannel.com reports. The fund bought 18,840 shares of the technology company’s stock, valued at approximately $100,000.

Several other large investors have also recently added to or reduced their stakes in the business. US Bancorp DE grew its holdings in Lumen Technologies by 18.6% during the 3rd quarter. US Bancorp DE now owns 15,012 shares of the technology company’s stock worth $107,000 after acquiring an additional 2,350 shares in the last quarter. Los Angeles Capital Management LLC grew its holdings in Lumen Technologies by 20.3% during the 4th quarter. Los Angeles Capital Management LLC now owns 14,760 shares of the technology company’s stock worth $78,000 after acquiring an additional 2,489 shares in the last quarter. Avior Wealth Management LLC grew its holdings in Lumen Technologies by 6.8% during the 4th quarter. Avior Wealth Management LLC now owns 41,845 shares of the technology company’s stock worth $222,000 after acquiring an additional 2,657 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in Lumen Technologies by 8.7% during the 4th quarter. Oppenheimer & Co. Inc. now owns 39,037 shares of the technology company’s stock worth $207,000 after acquiring an additional 3,109 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC grew its holdings in Lumen Technologies by 18.3% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 24,308 shares of the technology company’s stock worth $173,000 after acquiring an additional 3,756 shares in the last quarter. 66.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Wells Fargo & Company upgraded shares of Lumen Technologies from an “underweight” rating to an “equal weight” rating and set a $5.00 price target for the company in a report on Friday, February 21st. Royal Bank of Canada reiterated a “sector perform” rating and set a $4.25 price target on shares of Lumen Technologies in a report on Monday, February 10th. Finally, Citigroup upgraded shares of Lumen Technologies from a “neutral” rating to a “buy” rating and lowered their target price for the company from $8.00 to $6.50 in a report on Wednesday, February 26th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $4.59.

Lumen Technologies Trading Down 1.1 %

Shares of Lumen Technologies stock opened at $4.88 on Wednesday. The stock has a market cap of $4.94 billion, a price-to-earnings ratio of -97.48 and a beta of 1.28. The company has a fifty day simple moving average of $5.11 and a 200-day simple moving average of $6.11. The company has a current ratio of 1.21, a quick ratio of 1.20 and a debt-to-equity ratio of 37.70. Lumen Technologies, Inc. has a 12-month low of $0.97 and a 12-month high of $10.33.

Lumen Technologies (NYSE:LUMN) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.14. Lumen Technologies had a negative net margin of 0.42% and a negative return on equity of 46.17%. On average, equities analysts forecast that Lumen Technologies, Inc. will post -0.87 EPS for the current fiscal year.

Lumen Technologies Company 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.