Prudential Financial Inc. increased its stake in Lumos Networks Corp. (NASDAQ:LMOS) by 0.6% during the first quarter, according to its most recent 13F filing with the SEC. 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 0.17% of Lumos Networks Corp. worth $704,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Thrivent Financial for Lutherans boosted its stake in shares of 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 valued at $198,000 after buying an additional 700 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Lumos Networks Corp. during the first quarter valued at about $313,000. State of Tennessee Treasury Department boosted its stake in shares of 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. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of Lumos Networks Corp. during the first quarter valued at about $413,000. Finally, Comerica Bank boosted its stake in shares of 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. Institutional investors own 84.04% of the company’s stock.
Shares of Lumos Networks Corp. (LMOS) opened at 17.88 on Friday. Lumos Networks Corp. has a one year low of $13.01 and a one year high of $17.99. The firm has a 50-day moving average of $17.89 and a 200-day moving average of $17.50. The company’s market capitalization is $428.12 million.
Lumos Networks Corp. (NASDAQ:LMOS) last posted its quarterly earnings data on Monday, August 7th. The utilities provider reported $0.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.01. Lumos Networks Corp. had a negative net margin of 1.70% and a negative return on equity of 2.79%. The business had revenue of $56.37 million during the quarter, compared to analyst estimates of $55.33 million. Analysts forecast that Lumos Networks Corp. will post ($0.23) earnings per share for the current year.
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Several equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Lumos Networks Corp. from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Wednesday. BidaskClub downgraded shares of Lumos Networks Corp. from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $19.25.
About Lumos Networks Corp.
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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