Comerica Bank Lowers Stock Holdings in Lumen Technologies, Inc. $LUMN

Comerica Bank cut its holdings in Lumen Technologies, Inc. (NYSE:LUMN) by 24.2% in the 4th quarter, HoldingsChannel reports. The fund owned 219,967 shares of the technology company’s stock after selling 70,271 shares during the period. Comerica Bank’s holdings in Lumen Technologies were worth $1,709,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. UMB Bank n.a. grew its position in shares of Lumen Technologies by 49.1% in the third quarter. UMB Bank n.a. now owns 4,105 shares of the technology company’s stock valued at $25,000 after purchasing an additional 1,351 shares during the period. Fifth Third Bancorp lifted its position in Lumen Technologies by 24.5% during the third quarter. Fifth Third Bancorp now owns 5,343 shares of the technology company’s stock worth $33,000 after buying an additional 1,051 shares during the period. Bessemer Group Inc. boosted its stake in Lumen Technologies by 15.5% in the 3rd quarter. Bessemer Group Inc. now owns 7,209 shares of the technology company’s stock worth $43,000 after buying an additional 968 shares during the last quarter. Rakuten Securities Inc. grew its holdings in Lumen Technologies by 31.0% in the 4th quarter. Rakuten Securities Inc. now owns 8,601 shares of the technology company’s stock valued at $67,000 after buying an additional 2,035 shares during the period. Finally, Murphy Middleton Hinkle & Parker Inc. acquired a new position in shares of Lumen Technologies during the 4th quarter valued at about $68,000. Institutional investors and hedge funds own 66.19% of the company’s stock.

Insider Buying and Selling at Lumen Technologies

In related news, Director Diankha Linear sold 45,000 shares of Lumen Technologies stock in a transaction on Friday, February 20th. The shares were sold at an average price of $7.89, for a total transaction of $355,050.00. Following the transaction, the director owned 198,229 shares in the company, valued at approximately $1,564,026.81. The trade was a 18.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.30% of the company’s stock.

Key Lumen Technologies News

Here are the key news stories impacting Lumen Technologies this week:

• Positive Sentiment: Lumen announced a $475M cash acquisition of Alkira to add a cloud‑native control plane for multi‑cloud networking, expanding Lumen’s addressable market and reinforcing its shift to higher‑growth cloud interconnect services. Read More.
• Positive Sentiment: Q1 revenue topped estimates and management highlighted strategic revenue growth (digital/cloud) outpacing legacy business; that supports longer‑term growth thesis as Lumen pivots from traditional telecom. Read More.
• Positive Sentiment: Management lifted 2026 free‑cash‑flow guidance to roughly $1.9B–$2.1B and said leverage has come down, which investors view as validation of the transformation and cash generation prospects. Read More.
• Neutral Sentiment: Lumen extended early participation/withdrawal deadlines on exchange offers related to its longer‑dated notes — a technical capital‑structure action that gives bondholders more time and buys the company flexibility. Read More.
• Negative Sentiment: Lumen reported a wider‑than‑expected Q1 loss (EPS miss was material), which raises near‑term profitability concerns despite the revenue beat — a key reason some traders sold into the print. Read More.
• Negative Sentiment: The company priced $1.0B of 7.50% senior notes due 2037 — the size and coupon reflect costly long‑dated funding and may pressure leverage/interest costs even as proceeds support operations and M&A. Read More.
• Negative Sentiment: Two firms (UBS and TD Cowen) raised price targets but maintained neutral/hold stances; both targets still sit below the current market price, signaling analyst caution on upside despite the strategic progress. Read More.

Lumen Technologies Stock Performance

Shares of NYSE:LUMN opened at $9.87 on Thursday. The stock has a 50-day simple moving average of $7.46 and a 200-day simple moving average of $8.05. The stock has a market capitalization of $10.17 billion, a P/E ratio of -5.67 and a beta of 1.65. Lumen Technologies, Inc. has a 1 year low of $3.37 and a 1 year high of $11.95.

Lumen Technologies (NYSE:LUMN) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.34). The business had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter last year, the business posted ($0.13) earnings per share. The firm’s quarterly revenue was down 8.9% compared to the same quarter last year. Analysts predict that Lumen Technologies, Inc. will post -0.09 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group increased their price objective on shares of Lumen Technologies from $5.50 to $7.25 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Citigroup dropped their price target on shares of Lumen Technologies from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Thursday, February 5th. TD Cowen increased their price target on shares of Lumen Technologies from $8.00 to $9.00 and gave the stock a “hold” rating in a research note on Wednesday. Raymond James Financial reiterated a “market perform” rating on shares of Lumen Technologies in a report on Wednesday, February 4th. Finally, Wall Street Zen upgraded Lumen Technologies from a “sell” rating to a “hold” rating in a report on Sunday. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $7.88.

Lumen Technologies Company Profile

Lumen Technologies is a multinational technology company specializing in integrated network, edge cloud, security and collaboration services for enterprise and public sector clients. The company’s core offerings include high-capacity fiber and IP-based connectivity, managed edge computing solutions designed to accelerate applications and data processing closer to end users, and cybersecurity services ranging from DDoS protection to unified threat management. Through its unified portfolio, Lumen enables organizations to support digital transformation initiatives, modernize infrastructure and enhance operational resilience.

Leveraging one of the largest fiber footprints in North America, as well as infrastructure in Latin America and parts of Europe, Lumen connects customers across more than 60 countries.