Victory Capital Management Inc. Has $377,000 Stock Holdings in Lumen Technologies, Inc. (NYSE:LUMN)

Victory Capital Management Inc. boosted its holdings in shares of Lumen Technologies, Inc. (NYSE:LUMN) by 18.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 205,843 shares of the technology company’s stock after buying an additional 31,554 shares during the period. Victory Capital Management Inc.’s holdings in Lumen Technologies were worth $377,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Strategies Wealth Advisors LLC purchased a new stake in shares of Lumen Technologies in the fourth quarter worth approximately $26,000. Brighton Jones LLC purchased a new stake in Lumen Technologies in the 4th quarter worth approximately $27,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Lumen Technologies during the 3rd quarter valued at $30,000. ORG Partners LLC grew its holdings in shares of Lumen Technologies by 54.0% during the 4th quarter. ORG Partners LLC now owns 22,580 shares of the technology company’s stock valued at $41,000 after acquiring an additional 7,920 shares in the last quarter. Finally, Belpointe Asset Management LLC raised its holdings in shares of Lumen Technologies by 52.1% during the third quarter. Belpointe Asset Management LLC now owns 24,527 shares of the technology company’s stock worth $35,000 after acquiring an additional 8,405 shares in the last quarter. 66.19% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Lumen Technologies

In related news, Director T Michael Glenn bought 50,000 shares of the business’s stock in a transaction on Monday, February 26th. The shares were bought at an average cost of $1.47 per share, for a total transaction of $73,500.00. Following the completion of the acquisition, the director now directly owns 272,019 shares in the company, valued at $399,867.93. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director T Michael Glenn purchased 50,000 shares of the stock in a transaction on Monday, February 26th. The shares were bought at an average price of $1.47 per share, for a total transaction of $73,500.00. Following the completion of the acquisition, the director now directly owns 272,019 shares in the company, valued at approximately $399,867.93. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Kathleen E. Johnson acquired 750,000 shares of Lumen Technologies stock in a transaction dated Thursday, May 2nd. The stock was purchased at an average price of $1.28 per share, with a total value of $960,000.00. Following the completion of the purchase, the chief executive officer now directly owns 7,756,290 shares of the company’s stock, valued at approximately $9,928,051.20. The disclosure for this purchase can be found here. 1.68% of the stock is currently owned by company insiders.

Lumen Technologies Price Performance

LUMN opened at $1.27 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 36.89. Lumen Technologies, Inc. has a 1 year low of $0.78 and a 1 year high of $2.36. The stock has a fifty day moving average price of $1.38 and a 200 day moving average price of $1.48. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of -0.12 and a beta of 1.16.

Lumen Technologies (NYSE:LUMN) last announced its quarterly earnings results on Tuesday, April 30th. The technology company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The firm had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.38 billion. Lumen Technologies had a negative net margin of 76.21% and a positive return on equity of 4.06%. The company’s quarterly revenue was down 12.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.10 EPS. Analysts forecast that Lumen Technologies, Inc. will post -0.16 EPS for the current fiscal year.

Lumen Technologies 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.