US Bancorp DE Has $69,000 Holdings in Lumen Technologies, Inc. (NYSE:LUMN)

US Bancorp DE reduced its holdings in shares of Lumen Technologies, Inc. (NYSE:LUMN) by 13.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 12,933 shares of the technology company’s stock after selling 2,079 shares during the period. US Bancorp DE’s holdings in Lumen Technologies were worth $69,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in LUMN. Legacy Investment Solutions LLC bought a new position in shares of Lumen Technologies during the third quarter valued at $30,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Lumen Technologies in the third quarter valued at about $36,000. R Squared Ltd bought a new stake in Lumen Technologies during the fourth quarter worth about $48,000. HB Wealth Management LLC acquired a new stake in shares of Lumen Technologies during the fourth quarter worth approximately $59,000. Finally, Whipplewood Advisors LLC bought a new position in shares of Lumen Technologies in the fourth quarter valued at approximately $67,000. 66.19% of the stock is owned by institutional investors and hedge funds.

Lumen Technologies Price Performance

Shares of LUMN stock opened at $5.08 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.21 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. The firm has a market cap of $5.15 billion, a price-to-earnings ratio of -101.48 and a beta of 1.28. The stock has a 50-day moving average price of $5.05 and a 200 day moving average price of $6.10.

Lumen Technologies (NYSE:LUMN) last posted 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%. Research analysts expect that Lumen Technologies, Inc. will post -0.87 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.