The stock of Lumos Networks Corp (NASDAQ:LMOS) is a huge mover today! The stock increased 3.00% or $0.42 during the last trading session, hitting $14.42. About 83,828 shares traded hands. Lumos Networks Corp (NASDAQ:LMOS) has risen 13.82% since February 29, 2016 and is uptrending. It has outperformed by 1.61% the S&P500.
The move comes after 9 months positive chart setup for the $327.81M company. It was reported on Oct, 4 by Barchart.com. We have $28.55 PT which if reached, will make NASDAQ:LMOS worth $321.25 million more.
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 $227,330 for 360.50 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. The company was upgraded on Thursday, August 4 by Jefferies. The stock of Lumos Networks Corp (NASDAQ:LMOS) earned “Buy” rating by BTIG Research on Thursday, August 11. On Tuesday, April 19 the stock rating was initiated by William Blair with “Outperform”.
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 fall, 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.
Ubs Asset Mgmt Americas, a Illinois-based fund reported 16,900 shares. Comerica Retail Bank last reported 0% of its portfolio in the stock. Spark Invest Mgmt Lc has 29,200 shares for 0.03% of their US portfolio. New York State Common Retirement Fund owns 68,185 shares or 0% of their US portfolio. Highbridge Cap Mgmt Ltd Liability Corporation holds 22,431 shares or 0% of its portfolio. Panagora Asset Management Inc holds 3,485 shares or 0% of its portfolio. Moreover, Rhumbline Advisers has 0% invested in Lumos Networks Corp (NASDAQ:LMOS) for 28,586 shares. Tiaa Cref Invest Mngmt Limited accumulated 70,746 shares or 0% of the stock. State Of Tennessee Treasury Department accumulated 18,332 shares or 0% of the stock. Aqr Mngmt Ltd Liability has invested 0% of its portfolio in Lumos Networks Corp (NASDAQ:LMOS). Columbia Wanger Asset Mngmt Lc, a Illinois-based fund reported 770,000 shares. Parametric Port Assoc Limited Company has invested 0% of its portfolio in Lumos Networks Corp (NASDAQ:LMOS). Moreover, Corbyn Inv Md has 4.42% invested in Lumos Networks Corp (NASDAQ:LMOS) for 1.12M shares. Natl Asset Management Incorporated has 30,000 shares for 0.07% of their US portfolio. California Employees Retirement Systems owns 54,500 shares or 0% of their US portfolio.
Insider Transactions: Since May 18, 2016, the stock had 0 insider purchases, and 9 selling transactions for $167,080 net activity. Another trade for 1,000 shares valued at $12,190 was made by McDermott Mary on Thursday, June 2. Shares for $27,920 were 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 Sees Solid Enterprise Demand Trends in Recently Launched …” on October 03, 2016. Businesswire.com‘s news article titled: “Lumos Networks Corp. Reports Second Quarter 2016 Results” with publication date: August 03, 2016 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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