Lumen Technologies, Inc. $LUMN Shares Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH lifted its position in Lumen Technologies, Inc. (NYSE:LUMN) by 210.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 562,520 shares of the technology company’s stock after purchasing an additional 381,391 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Lumen Technologies were worth $4,372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its holdings in Lumen Technologies by 49.1% in the third quarter. UMB Bank n.a. now owns 4,105 shares of the technology company’s stock valued at $25,000 after buying an additional 1,351 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Lumen Technologies by 24.5% during the 3rd quarter. Fifth Third Bancorp now owns 5,343 shares of the technology company’s stock worth $33,000 after acquiring an additional 1,051 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of Lumen Technologies by 15.5% during the 3rd quarter. Bessemer Group Inc. now owns 7,209 shares of the technology company’s stock worth $43,000 after acquiring an additional 968 shares in the last quarter. Salomon & Ludwin LLC boosted its stake in shares of Lumen Technologies by 17,960.5% during the 3rd quarter. Salomon & Ludwin LLC now owns 6,863 shares of the technology company’s stock worth $45,000 after acquiring an additional 6,825 shares in the last quarter. Finally, Employees Retirement System of Texas purchased a new stake in shares of Lumen Technologies during the 3rd quarter worth about $57,000. Institutional investors and hedge funds own 66.19% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on LUMN. UBS Group increased their target price on shares of Lumen Technologies from $5.00 to $6.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Wall Street Zen lowered shares of Lumen Technologies from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings reissued a “sell (d-)” rating on shares of Lumen Technologies in a research note on Tuesday, April 21st. The Goldman Sachs Group increased their target price on shares of Lumen Technologies from $5.50 to $7.25 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Finally, Citigroup lowered their target price on shares of Lumen Technologies from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $7.25.

Insider Buying and Selling at Lumen Technologies

In other Lumen Technologies news, CEO Kathleen E. Johnson purchased 78,685 shares of the firm’s stock in a transaction dated Thursday, February 5th. The shares were purchased at an average cost of $6.35 per share, with a total value of $499,649.75. Following the completion of the purchase, the chief executive officer owned 8,562,582 shares in the company, valued at approximately $54,372,395.70. This represents a 0.93% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Diankha Linear sold 45,000 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $7.89, for a total transaction of $355,050.00. Following the transaction, the director owned 198,229 shares in the company, valued at $1,564,026.81. The trade was a 18.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.30% of the company’s stock.

Lumen Technologies Trading Down 2.3%

NYSE:LUMN opened at $8.73 on Wednesday. The stock has a 50 day moving average of $7.35 and a two-hundred day moving average of $7.99. Lumen Technologies, Inc. has a 12 month low of $3.37 and a 12 month high of $11.95. The firm has a market cap of $8.99 billion, a P/E ratio of -5.02 and a beta of 1.52.

Lumen Technologies (NYSE:LUMN) last issued its quarterly earnings results on Tuesday, February 3rd. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.44. The firm had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.04 billion. During the same period in the prior year, the firm earned $0.09 earnings per share. The business’s revenue was down 8.7% on a year-over-year basis. On average, research analysts forecast that Lumen Technologies, Inc. will post -0.09 earnings per share for the current year.

About Lumen Technologies

Lumen Technologies is a multinational technology company specializing in integrated network, edge cloud, security and collaboration services for enterprise and public sector clients. The company’s core offerings include high-capacity fiber and IP-based connectivity, managed edge computing solutions designed to accelerate applications and data processing closer to end users, and cybersecurity services ranging from DDoS protection to unified threat management. Through its unified portfolio, Lumen enables organizations to support digital transformation initiatives, modernize infrastructure and enhance operational resilience.

Leveraging one of the largest fiber footprints in North America, as well as infrastructure in Latin America and parts of Europe, Lumen connects customers across more than 60 countries.