Jefferies Financial Group Inc. Sells 25,000 Shares of Lumen Technologies, Inc. $LUMN

Jefferies Financial Group Inc. trimmed its position in shares of Lumen Technologies, Inc. (NYSE:LUMN) by 25.0% during the second quarter, HoldingsChannel reports. The institutional investor owned 75,000 shares of the technology company’s stock after selling 25,000 shares during the period. Jefferies Financial Group Inc.’s holdings in Lumen Technologies were worth $328,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd bought a new stake in Lumen Technologies during the 1st quarter worth $49,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Lumen Technologies during the first quarter worth about $551,000. AE Wealth Management LLC acquired a new position in shares of Lumen Technologies in the first quarter valued at approximately $91,000. Cetera Investment Advisers boosted its position in Lumen Technologies by 18.0% during the 1st quarter. Cetera Investment Advisers now owns 103,341 shares of the technology company’s stock worth $405,000 after buying an additional 15,793 shares during the period. Finally, HB Wealth Management LLC boosted its position in Lumen Technologies by 23.6% during the 1st quarter. HB Wealth Management LLC now owns 13,715 shares of the technology company’s stock worth $54,000 after buying an additional 2,619 shares during the period. 66.19% of the stock is currently owned by institutional investors and hedge funds.

Lumen Technologies Stock Up 0.4%

Shares of Lumen Technologies stock opened at $8.13 on Friday. The stock’s 50-day moving average is $7.91 and its 200 day moving average is $5.65. Lumen Technologies, Inc. has a one year low of $3.01 and a one year high of $11.95. The firm has a market cap of $8.33 billion, a price-to-earnings ratio of -6.89 and a beta of 1.45. The company has a debt-to-equity ratio of 59.98, a current ratio of 2.13 and a quick ratio of 2.13.

Lumen Technologies (NYSE:LUMN) last issued its quarterly earnings results on Friday, January 27th. The technology company reported $0.49 earnings per share (EPS) for the quarter. The firm had revenue of $4.05 billion for the quarter. Lumen Technologies had a negative return on equity of 158.40% and a negative net margin of 9.19%. Equities research analysts anticipate that Lumen Technologies, Inc. will post -0.87 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Citigroup downgraded shares of Lumen Technologies from a “buy” rating to a “neutral” rating and set a $11.00 price target for the company. in a research note on Friday, October 31st. Raymond James Financial raised their target price on Lumen Technologies from $4.50 to $5.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Royal Bank Of Canada upped their price target on Lumen Technologies from $4.25 to $8.00 and gave the company a “sector perform” rating in a research report on Tuesday. Weiss Ratings reissued a “sell (d-)” rating on shares of Lumen Technologies in a research note on Wednesday, October 8th. Finally, Wall Street Zen raised Lumen Technologies from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $6.72.

About Lumen Technologies

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.