Lumos Networks Corp (LMOS) Stake Boosted by Renaissance Technologies LLC

Renaissance Technologies LLC increased its position in Lumos Networks Corp (NASDAQ:LMOS) by 25.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 578,500 shares of the company’s stock after buying an additional 117,200 shares during the period. Renaissance Technologies LLC owned approximately 2.45% of Lumos Networks Corp worth $9,036,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. California Public Employees Retirement System boosted its position in Lumos Networks Corp by 13.4% in the third quarter. California Public Employees Retirement System now owns 61,800 shares of the company’s stock worth $865,000 after buying an additional 7,300 shares during the period. Louisiana State Employees Retirement System boosted its position in Lumos Networks Corp by 1.0% in the third quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the company’s stock worth $146,000 after buying an additional 100 shares during the period. Great West Life Assurance Co. Can boosted its position in Lumos Networks Corp by 6.5% in the third quarter. Great West Life Assurance Co. Can now owns 30,056 shares of the company’s stock worth $421,000 after buying an additional 1,822 shares during the period. Texas Permanent School Fund boosted its position in Lumos Networks Corp by 0.4% in the third quarter. Texas Permanent School Fund now owns 17,875 shares of the company’s stock worth $250,000 after buying an additional 73 shares during the period. Finally, Arizona State Retirement System boosted its position in Lumos Networks Corp by 0.8% in the third quarter. Arizona State Retirement System now owns 12,180 shares of the company’s stock worth $171,000 after buying an additional 100 shares during the period. 84.68% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Lumos Networks Corp (NASDAQ:LMOS) opened at 17.655 on Friday. Lumos Networks Corp has a 52 week low of $10.67 and a 52 week high of $17.75. The company has a 50-day moving average of $16.92 and a 200-day moving average of $15.30. The firm’s market capitalization is $655.19 million.

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A number of equities analysts have recently weighed in on LMOS shares. BTIG Research upped their price target on shares of Lumos Networks Corp from $17.50 to $21.00 and gave the stock a “buy” rating in a research note on Monday, February 6th. Jefferies Group LLC cut shares of Lumos Networks Corp from a “buy” rating to a “hold” rating and set a $18.00 price target on the stock. in a research note on Tuesday, February 21st. William Blair cut shares of Lumos Networks Corp from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 21st. Drexel Hamilton cut shares of Lumos Networks Corp from a “buy” rating to a “hold” rating and set a $18.00 price objective on the stock. in a research note on Tuesday, February 21st. Finally, Zacks Investment Research raised shares of Lumos Networks Corp from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Friday, March 10th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Lumos Networks Corp has a consensus rating of “Hold” and an average price target of $19.25.

In other Lumos Networks Corp news, EVP Joseph E. Jr. Mccourt sold 2,000 shares of the firm’s stock in a transaction on Wednesday, January 18th. The stock was sold at an average price of $16.38, for a total value of $32,760.00. Following the sale, the executive vice president now directly owns 47,887 shares in the company, valued at $784,389.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 8.70% of the company’s stock.

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.

5 Day Chart for NASDAQ:LMOS

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