The stock of Lumos Networks Corp (NASDAQ:LMOS) is a huge mover today! The stock decreased 3.11% or $0.45 during the last trading session, hitting $14. About 95,131 shares traded hands or 4.12% up from the average. Lumos Networks Corp (NASDAQ:LMOS) has risen 13.82% since February 29, 2016 and is uptrending. It has outperformed by 3.40% the S&P500.
The move comes after 9 months negative chart setup for the $326.46 million company. It was reported on Oct, 1 by Barchart.com. We have $12.18 PT which if reached, will make NASDAQ:LMOS worth $42.44 million less.
Analysts await Lumos Networks Corp (NASDAQ:LMOS) to report earnings on November, 7. They expect $0.01 earnings per share, down 83.33% or $0.05 from last year’s $0.06 per share. LMOS’s profit will be $233,186 for 350.00 P/E if the $0.01 EPS becomes a reality. After $0.05 actual earnings per share reported by Lumos Networks Corp for the previous quarter, Wall Street now forecasts -80.00% negative EPS growth.
Lumos Networks Corp (NASDAQ:LMOS) Ratings Coverage
Out of 5 analysts covering Lumos Networks (NASDAQ:LMOS), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Lumos Networks has been the topic of 8 analyst reports since August 7, 2015 according to StockzIntelligence Inc. BTIG Research initiated Lumos Networks Corp (NASDAQ:LMOS) on Thursday, August 11 with “Buy” rating. Jefferies upgraded Lumos Networks Corp (NASDAQ:LMOS) rating on Thursday, August 4. Jefferies has “Buy” rating and $16 price target. William Blair initiated the stock with “Outperform” rating in Tuesday, April 19 report.
According to Zacks Investment Research, “Lumos Networks Corp. operates as fiber-based network service provider primarily in the Mid-Atlantic region. It operates in two segments: Competitive and Rural Local Exchange Carrier. The Competitive segment offers transport services, data and voice services and Internet access, and carrier transport services. The Rural Local Exchange Carrier segment provides wireline communications services. The Company serves a wide range of customers, including telecommunication carriers, enterprise and other business customers and residential customers over a dense fiber network offering data, voice, and IP-based services. Lumos Networks Corp. is headquartered in Waynesboro, Virginia.”
Insitutional Activity: The institutional sentiment decreased to 1.05 in Q2 2016. Its down 0.74, from 1.79 in 2016Q1. The ratio turned negative, as 6 funds sold all Lumos Networks Corp shares owned while 31 reduced positions. 10 funds bought stakes while 29 increased positions. They now own 19.79 million shares or 1.09% less from 20.01 million shares in 2016Q1.
Renaissance Technology Ltd Liability Com accumulated 362,300 shares or 0.01% of the stock. California Public Employees Retirement Sys, a California-based fund reported 54,500 shares. National Bank & Trust Of Montreal Can holds 496 shares or 0% of its portfolio. Blackrock Investment Mngmt Limited Liability Corporation holds 0% of its portfolio in Lumos Networks Corp (NASDAQ:LMOS) for 98,659 shares. California State Teachers Retirement Systems last reported 39,672 shares in the company. Ls Advsr Ltd Liability holds 0% or 688 shares in its portfolio. Peak6 Lp accumulated 0% or 2,010 shares. The New York-based Goldman Sachs Gp has invested 0% in Lumos Networks Corp (NASDAQ:LMOS). State Street Corporation has 0% invested in the company for 401,035 shares. Investure Ltd owns 421,066 shares or 1.34% of their US portfolio. Epoch Inv Prtn Inc accumulated 1.71 million shares or 0.08% of the stock. Gabelli Funds Limited Liability Co last reported 16,000 shares in the company. Moreover, Pnc Fincl Serv Gp has 0% invested in Lumos Networks Corp (NASDAQ:LMOS) for 55 shares. Tiaa Cref Investment Mngmt Ltd Liability owns 70,746 shares or 0% of their US portfolio. Highbridge Capital Management Llc holds 0% or 22,431 shares in its portfolio.
Insider Transactions: Since May 18, 2016, the stock had 0 insider purchases, and 9 selling transactions for $167,080 net activity. $11,640 worth of shares were sold by McDermott Mary on Monday, August 1. Another trade for 80 shares valued at $1,000 was sold by McCourt Joseph E. Jr..
More recent Lumos Networks Corp (NASDAQ:LMOS) news were published by: Marketwatch.com which released: “Lumos Networks started at buy with $17.50 stock price target at BTIG” on November 01, 2011. Also Businesswire.com published the news titled: “Lumos Networks Corp. Reports Second Quarter 2016 Results” on August 03, 2016. Businesswire.com‘s news article titled: “Lumos Networks Corp. Reports Second Quarter 2015 Results” with publication date: August 05, 2015 was also an interesting one.
LMOS Company Profile
Lumos Networks Corp., incorporated on February 16, 2011, is a fiber bandwidth infrastructure and service well-known 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 Firm serves carrier, business and residential clients over its fiber network offering data, voice and Internet protocol (IP) services. The Firm operates through three divisions: Data, Residential and Small Business (R&SB) and RLEC Access. The Data segment includes the Company’s enterprise data, transport and Fiber to the Cell (FTTC) product groups. The R&SB segment includes legacy voice and IP services products targeted to its residential and small business customers. The RLEC Access segment provides carrier clients access to the Company’s network within the Company’s RLEC footprint and primarily includes switched access services
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