Lumos Networks Corp. (NASDAQ:LMOS) fell 1.6% during mid-day trading on Thursday . The stock traded as low as $12.39 and last traded at $12.51, with a volume of 68,265 shares. The stock had previously closed at $12.71.

Several brokerages have recently issued reports on LMOS. Jefferies Group restated a “hold” rating on shares of Lumos Networks Corp. in a research note on Saturday, May 14th. William Blair began coverage on shares of Lumos Networks Corp. in a research note on Tuesday, April 19th. They set an “outperform” rating for the company. Finally, Zacks Investment Research upgraded shares of Lumos Networks Corp. from a “sell” rating to a “hold” rating in a research note on Friday, April 22nd. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $17.80.

The firm has a market capitalization of $290.80 million and a P/E ratio of 68.63. The company has a 50-day moving average of $11.89 and a 200-day moving average of $12.09.

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

In other news, EVP Joseph E. Jr. Mccourt sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 18th. The shares were 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 sale was disclosed in a legal filing with the SEC, which is available at this link.

Several hedge funds and institutional investors have recently modified their holdings of LMOS. 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 valued at $9,440,000 after buying an additional 73,026 shares in the last quarter. 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 valued at $18,813,000 after buying an additional 521,256 shares in the last quarter. Finally, Nationwide Fund Advisors increased its position in shares of 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 in 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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