Ameriprise Financial Inc. increased its holdings in Lumos Networks Corp. (NASDAQ:LMOS) by 1.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,007 shares of the utilities provider’s stock after purchasing an additional 1,954 shares during the period. Ameriprise Financial Inc. owned 0.53% of Lumos Networks Corp. worth $2,252,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in Lumos Networks Corp. by 271.4% in the 1st quarter. JPMorgan Chase & Co. now owns 255,954 shares of the utilities provider’s stock worth $4,530,000 after purchasing an additional 187,042 shares in the last quarter. Morgan Stanley raised its holdings in shares of Lumos Networks Corp. by 202.3% during the 1st quarter. Morgan Stanley now owns 225,972 shares of the utilities provider’s stock worth $3,999,000 after acquiring an additional 151,221 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Lumos Networks Corp. by 16.3% during the 1st quarter. Bank of New York Mellon Corp now owns 401,348 shares of the utilities provider’s stock worth $7,104,000 after acquiring an additional 56,182 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Lumos Networks Corp. by 3.6% during the 1st quarter. Principal Financial Group Inc. now owns 179,202 shares of the utilities provider’s stock worth $3,172,000 after acquiring an additional 6,300 shares in the last quarter. Finally, Prudential Financial Inc. raised its holdings in shares of Lumos Networks Corp. by 0.6% during the 1st quarter. Prudential Financial Inc. now owns 39,791 shares of the utilities provider’s stock worth $704,000 after acquiring an additional 250 shares in the last quarter. 79.70% of the stock is currently owned by institutional investors.

LMOS has been the topic of several recent research reports. Zacks Investment Research raised Lumos Networks Corp. from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Tuesday, September 26th. BidaskClub cut Lumos Networks Corp. from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $19.25.

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In other news, insider Thomas E. Ferry sold 8,252 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $17.94, for a total value of $148,040.88. Following the transaction, the insider now owns 50,383 shares in the company, valued at $903,871.02. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 8.70% of the company’s stock.

Shares of Lumos Networks Corp. (NASDAQ LMOS) opened at 17.96 on Wednesday. The stock’s 50 day moving average price is $17.94 and its 200 day moving average price is $17.90. Lumos Networks Corp. has a one year low of $13.25 and a one year high of $17.99. The stock’s market capitalization is $430.03 million.

Lumos Networks Corp. (NASDAQ:LMOS) last released its earnings results on Monday, August 7th. The utilities provider reported $0.02 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.01. The business had revenue of $56.37 million for the quarter, compared to the consensus estimate of $55.33 million. Lumos Networks Corp. had a negative return on equity of 2.79% and a negative net margin of 1.70%. Equities research analysts predict that Lumos Networks Corp. will post ($0.19) EPS for the current fiscal year.

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.

Institutional Ownership by Quarter for Lumos Networks Corp. (NASDAQ:LMOS)

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