Lumos Networks Corp. (LMOS) Shares Up 1.7%
Lumos Networks Corp. (NASDAQ:LMOS) shares shot up 1.7% during trading on Wednesday . The company traded as high as $12.76 and last traded at $12.72, with a volume of 116,851 shares trading hands. The stock had previously closed at $12.51.
A number of research analysts have commented on the company. Jefferies Group reaffirmed a “hold” rating on shares of Lumos Networks Corp. in a report on Saturday, May 14th. Zacks Investment Research raised Lumos Networks Corp. from a “sell” rating to a “hold” rating in a report on Friday, April 22nd. Finally, William Blair assumed coverage on Lumos Networks Corp. in a report on Tuesday, April 19th. They set an “outperform” rating on the stock. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Lumos Networks Corp. currently has an average rating of “Buy” and an average target price of $17.80.
The company has a market cap of $290.34 million and a price-to-earnings ratio of 68.52. The stock has a 50 day moving average of $11.91 and a 200 day moving average of $12.08.
Lumos Networks Corp. (NASDAQ:LMOS) last posted its earnings results on Thursday, May 5th. The company reported ($0.13) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.14. During the same quarter in the prior year, the business posted $0.12 EPS. The business earned $50.80 million during the quarter, compared to the consensus estimate of $51.65 million. Lumos Networks Corp.’s quarterly revenue was up .6% on a year-over-year basis. On average, analysts forecast that Lumos Networks Corp. will post ($0.02) earnings per share for the current year.
In other Lumos Networks Corp. news, EVP Joseph E. Jr. Mccourt sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $12.57, for a total transaction of $25,140.00. Following the transaction, the executive vice president now directly owns 47,887 shares in the company, valued at $601,939.59. The transaction was disclosed in a filing with the SEC, which is available through this link.
A number of institutional investors recently bought and sold shares of LMOS. Nationwide Fund Advisors raised 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. Dimensional Fund Advisors LP raised its position in 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. Finally, Columbia Wanger Asset Management LLC raised its position in 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.
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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