BNP Paribas Arbitrage SA lifted its position in Lumos Networks Corp (NASDAQ:LMOS) by 49.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,291 shares of the utilities provider’s stock after acquiring an additional 4,091 shares during the quarter. BNP Paribas Arbitrage SA owned 0.05% of Lumos Networks worth $220,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. bought a new stake in shares of Lumos Networks in the 3rd quarter worth about $820,000. Aperio Group LLC bought a new stake in shares of Lumos Networks in the 3rd quarter worth about $260,000. Public Employees Retirement System of Ohio lifted its holdings in shares of Lumos Networks by 100.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 55,800 shares of the utilities provider’s stock worth $997,000 after acquiring an additional 27,900 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of Lumos Networks by 4.6% in the 2nd quarter. California State Teachers Retirement System now owns 38,972 shares of the utilities provider’s stock worth $696,000 after acquiring an additional 1,700 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Lumos Networks by 18.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,402 shares of the utilities provider’s stock worth $329,000 after acquiring an additional 2,881 shares during the last quarter. Hedge funds and other institutional investors own 75.63% of the company’s stock.
Shares of Lumos Networks Corp (LMOS) opened at $17.98 on Friday. Lumos Networks Corp has a twelve month low of $14.02 and a twelve month high of $17.99. The company has a debt-to-equity ratio of 2.76, a current ratio of 0.65 and a quick ratio of 0.65.
Separately, Zacks Investment Research lowered shares of Lumos Networks from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $19.25.
In related news, insider Pamplona Capital Partners Iv L sold 1,225,278 shares of Lumos Networks stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $18.00, for a total transaction of $22,055,004.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 8.70% of the company’s stock.
Lumos Networks Profile
Lumos Networks Corp. is a fiber-based bandwidth infrastructure and service provider in the Mid-Atlantic region with a network of long-haul fiber, metro Ethernet and Ethernet rings located primarily in Virginia and West Virginia, and portions of Maryland, Pennsylvania, Ohio and Kentucky. The Company serves carrier, business and residential customers over its fiber network offering data, voice and Internet protocol (IP) services.
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