Lumos Networks Corp. (NASDAQ:LMOS)’s share price fell 1.6% on Thursday . The stock traded as low as $12.39 and last traded at $12.51, with a volume of 68,265 shares changing hands. The stock had previously closed at $12.71.

Several research firms have recently weighed in on LMOS. Jefferies Group reissued a “hold” rating on shares of Lumos Networks Corp. in a research report on Saturday, May 14th. Zacks Investment Research raised Lumos Networks Corp. from a “sell” rating to a “hold” rating in a research report on Friday, April 22nd. Finally, William Blair began coverage on Lumos Networks Corp. in a research report on Tuesday, April 19th. They issued an “outperform” rating on the stock. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $17.80.

The stock has a market cap of $286.15 million and a price-to-earnings ratio of 67.53. The stock has a 50-day moving average price of $11.91 and a 200-day moving average price of $12.08.

Lumos Networks Corp. (NASDAQ:LMOS) last released its earnings results on Thursday, May 5th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.01 by $0.14. The firm earned $50.80 million during the quarter, compared to analyst estimates of $51.65 million. Lumos Networks Corp.’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.12 EPS. On average, analysts forecast that Lumos Networks Corp. will post ($0.02) earnings per share for the current fiscal year.

In other news, EVP Joseph E. Jr. Mccourt sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $12.57, for a total value of $25,140.00. Following the transaction, the executive vice president now owns 47,887 shares in the company, valued at $601,939.59. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Several institutional investors have recently added to or reduced their stakes in LMOS. Nationwide Fund Advisors increased its position in Lumos Networks Corp. by 0.3% in the fourth quarter. Nationwide Fund Advisors now owns 142,657 shares of the company’s stock valued at $1,598,000 after buying an additional 405 shares during the period. Columbia Wanger Asset Management LLC increased its position in shares of Lumos Networks Corp. by 45.0% in the fourth quarter. Columbia Wanger Asset Management LLC now owns 1,679,756 shares of the company’s stock worth $18,813,000 after buying an additional 521,256 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Lumos Networks Corp. by 9.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 842,881 shares of the company’s stock worth $9,440,000 after buying an additional 73,026 shares during the last quarter.

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.

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