Prudential Financial Inc. raised its position in shares of Lumos Networks Corp. (NASDAQ:LMOS) by 0.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,791 shares of the utilities provider’s stock after buying an additional 250 shares during the period. Prudential Financial Inc. owned about 0.17% of Lumos Networks Corp. worth $704,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Thrivent Financial for Lutherans increased its stake in Lumos Networks Corp. by 5.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 12,680 shares of the utilities provider’s stock worth $198,000 after buying an additional 700 shares in the last quarter. Virtu Financial LLC acquired a new stake in Lumos Networks Corp. during the first quarter worth approximately $313,000. State of Tennessee Treasury Department increased its stake in Lumos Networks Corp. by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 21,590 shares of the utilities provider’s stock valued at $382,000 after buying an additional 3,258 shares in the last quarter. Comerica Bank increased its stake in Lumos Networks Corp. by 5.0% in the fourth quarter. Comerica Bank now owns 24,755 shares of the utilities provider’s stock valued at $405,000 after buying an additional 1,175 shares in the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in Lumos Networks Corp. during the first quarter valued at about $413,000. Institutional investors own 85.75% of the company’s stock.
Shares of Lumos Networks Corp. (NASDAQ:LMOS) opened at 17.92 on Friday. The company has a 50 day moving average price of $17.88 and a 200 day moving average price of $17.43. The stock’s market cap is $429.08 million. Lumos Networks Corp. has a 12-month low of $11.32 and a 12-month high of $17.99.
Lumos Networks Corp. (NASDAQ:LMOS) last issued its earnings results on Monday, May 8th. The utilities provider reported ($0.24) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.38. Lumos Networks Corp. had a negative net margin of 1.39% and a negative return on equity of 2.29%. The firm had revenue of $54.92 million during the quarter, compared to analyst estimates of $53.06 million. Analysts anticipate that Lumos Networks Corp. will post ($0.23) earnings per share for the current fiscal year.
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Several equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Lumos Networks Corp. from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. BidaskClub downgraded Lumos Networks Corp. from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $19.25.
Lumos Networks Corp. Company 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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