Lumen Technologies Inc. (LUMN)

Natixis Advisors L.P. Purchases Shares of 133,394 Lumen Technologies, Inc. (NYSE:LUMN)

Natixis Advisors L.P. purchased a new stake in Lumen Technologies, Inc. (NYSE:LUMN – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 133,394 shares of the technology company’s stock, valued at approximately $244,000. Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Strategies Wealth Advisors LLC purchased a new stake in shares of Lumen Technologies during the 4th quarter worth about $26,000. Brighton Jones LLC purchased a new stake in shares of Lumen Technologies during the 4th quarter worth about $27,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Lumen Technologies during the 3rd quarter worth about $30,000. Belpointe Asset Management LLC grew its holdings in shares of Lumen Technologies by 52.1% during the 3rd quarter. Belpointe Asset Management LLC now owns 24,527 shares of the technology company’s stock worth $35,000 after purchasing an additional 8,405 shares during the period. Finally, 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 worth $41,000 after purchasing an additional 7,920 shares during the period. Hedge funds and other institutional investors own 66.19% of the company’s stock. Insiders Place Their Bets In related news, CEO Kathleen E. Johnson purchased 750,000 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was purchased at an average price of $1.28 per share, for a total transaction of $960,000.00. Following the acquisition, the chief executive officer now directly owns 7,756,290 shares in the company, valued at $9,928,051.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Lumen Technologies 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, with a total value of $73,500.00. Following the transaction, the director now directly owns 272,019 shares in the company, valued at approximately $399,867.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kathleen E. Johnson bought 750,000 shares of the business’s stock in a transaction on Thursday, May 2nd. The stock was acquired at an average cost of $1.28 per share, for a total transaction of $960,000.00. Following the completion of the transaction, the chief executive officer now owns 7,756,290 shares in the company, valued at $9,928,051.20. The disclosure for this purchase can be found here. 1.68% of the stock is owned by company insiders. Lumen Technologies Stock Up 0.8 % Shares of NYSE:LUMN opened at $1.32 on Monday. The company has a debt-to-equity ratio of 36.89, a quick ratio of 1.03 and a current ratio of 1.03. Lumen Technologies, Inc. has a 1 year low of $0.78 and a 1 year high of $2.62. The stock has a market capitalization of $1.34 billion, a P/E ratio of -0.12 and a beta of 1.16. The stock has a 50-day simple moving average of $1.42 and a 200-day simple moving average of $1.48. Lumen Technologies (NYSE:LUMN – Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The technology company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The company had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.38 billion. Lumen Technologies had a positive return on equity of 4.06% and a negative net margin of 76.21%. The firm’s revenue was down 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.10 EPS. Equities analysts forecast that Lumen Technologies, Inc. will post -0.16 earnings per share for the current year. About Lumen Technologies (Free Report) 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.