<div id="readability-page-1"><p>Strs Ohio reduced its position in  Lumen Technologies, Inc. (NYSE:LUMN - Free Report) by 8.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 250,800 shares of the technology company's stock after selling 23,000 shares during the period. Strs Ohio's holdings in Lumen Technologies were worth $1,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).</p><ul><li>Palantir Breaks Out: Why PLTR Stock May Rally Into Year-End</li></ul><p>Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its position in shares of  Lumen Technologies by 132.3% in the second quarter. Farther Finance Advisors LLC now owns 5,954 shares of the technology company's stock worth $26,000 after acquiring an additional 3,391 shares during the period.  Caitong International Asset Management Co. Ltd raised its holdings in  Lumen Technologies by 3,527.9% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 6,639 shares of the technology company's stock worth $29,000 after purchasing an additional 6,456 shares during the period.  OneDigital Investment Advisors LLC purchased a new position in  Lumen Technologies during the first quarter worth approximately $41,000.  Meeder Advisory Services Inc. acquired a new stake in  Lumen Technologies in the first quarter valued at approximately $41,000.  Finally, Smartleaf Asset Management LLC increased its position in shares of  Lumen Technologies by 60.8% in the first quarter. Smartleaf Asset Management LLC now owns 10,847 shares of the technology company's stock valued at $43,000 after buying an additional 4,102 shares in the last quarter. Institutional investors and hedge funds own  66.19% of the company's stock. </p><div><p><span></span><span>Get <strong>Lumen Technologies</strong> alerts:</span></p></div><h2>Lumen Technologies Stock Performance</h2><p>LUMN opened at $10.89 on Friday. Lumen Technologies, Inc. has a twelve month low of $3.01 and a twelve month high of $11.95. The firm has a market capitalization of $11.17 billion, a PE ratio of -9.23 and a beta of 1.45. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 59.98. The firm's 50-day moving average price is $6.98 and its 200 day moving average price is $5.14. </p><ul><li>Palantir Insider Selling: Risk Signal or Normal Activity?</li></ul><p>Lumen Technologies (NYSE:LUMN - Get Free Report) last released its earnings results on Friday, January 27th. The technology company reported $0.49 earnings per share for the quarter. The business had revenue of $4.05 billion for the quarter. Lumen Technologies had a negative net margin of 9.19% and a negative return on equity of 158.40%.  As a group, sell-side analysts expect that  Lumen Technologies, Inc. will post -0.87 EPS for the current fiscal year. </p><h2>Wall Street Analysts Forecast Growth</h2><p>A number of equities research analysts recently issued reports on LUMN shares. The Goldman Sachs Group lifted their price target on shares of Lumen Technologies from $4.10 to $4.60 and gave the company a &#34;neutral&#34; rating in a research note on Friday, October 3rd. Citigroup lowered shares of Lumen Technologies from a &#34;buy&#34; rating to a &#34;neutral&#34; rating and set a $11.00 target price on the stock. in a research report on Friday, October 31st. Wall Street Zen downgraded shares of Lumen Technologies from a &#34;hold&#34; rating to a &#34;sell&#34; rating in a research report on Saturday, November 1st. Raymond James Financial lifted their price objective on Lumen Technologies from $4.50 to $5.00 and gave the stock an &#34;outperform&#34; rating in a report on Friday, August 1st. Finally, Weiss Ratings  reiterated a &#34;sell (d-)&#34; rating on shares of Lumen Technologies in a research note on Wednesday, October 8th. One equities research analyst  has rated the stock with a Buy rating, five have assigned  a Hold rating and one  has issued  a Sell rating to the company. According to data from MarketBeat, Lumen Technologies  has a consensus rating of &#34;Hold&#34; and a consensus target price of $5.97.</p><ul><li>Lumen: Among Top Performers Last Month, Still Has Warning Signs</li></ul><p><b>Check Out Our Latest Report on Lumen Technologies</b></p><h2>Insiders Place Their Bets</h2><p>In related news, CFO Christopher Stansbury acquired 42,000 shares of the stock in a transaction on Thursday, August 14th. The shares were bought at an average price of $4.29 per share, with a total value of $180,180.00. Following the completion of the purchase, the chief financial officer owned 518,000 shares of the company's stock, valued at approximately $2,222,220. This represents a 8.82% increase in their position. The acquisition was disclosed in a document filed with the Securities &amp; Exchange Commission, which is available at the SEC website. Company insiders own  2.30% of the company's stock. </p><h2>Lumen Technologies Company Profile</h2> (Free Report)<p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Lumen Technologies</li><li>Best Stocks Under $10.00 </li><li>CAVA Stock Looking for Direction After Earnings Miss</li><li>Large Cap Stock Definition and How to Invest</li><li>3 Small AI Stocks Ready to Explode (All Under $20)</li><li>Manufacturing Stocks Investing</li><li>After 16% Fall, Analysts Eye a Big Recovery in Meta Platforms</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUxVTU4?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUxVTU4"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Lumen Technologies Right Now?</h2><p>Before you consider Lumen Technologies, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lumen Technologies wasn't on the list.</p><p>While Lumen Technologies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

LUMN

<p>Strs Ohio reduced its stake in Lumen Technologies, Inc. (NYSE:LUMN) by 8.4% in Q2, now holding 250,800 shares valued at $1,099,000. Other institutional investors have also adjusted their positions, with notable increases from Farther Finance Advisors and Caitong International Asset Management. Lumen's stock opened at $10.89, with a 12-month range of $3.01 to $11.95. Analysts have mixed ratings, with a consensus rating of "Hold" and a target price of $5.97. CFO Christopher Stansbury recently purchased 42,000 shares, increasing his holdings by 8.82%.</p>

Lumen Technologies, Inc. $LUMN Shares Sold by Strs Ohio