Vanguard Group Inc. raised its stake in shares of Lumos Networks Corp. (NASDAQ:LMOS) by 7.9% during the first quarter, Holdings Channel reports. The firm owned 2,909,952 shares of the utilities provider’s stock after buying an additional 212,774 shares during the period. Vanguard Group Inc. owned 0.12% of Lumos Networks Corp. worth $51,506,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp raised its stake in shares of Lumos Networks Corp. by 8.4% in the fourth quarter. State Street Corp now owns 434,209 shares of the utilities provider’s stock worth $6,785,000 after buying an additional 33,740 shares in the last quarter. Gabelli Funds LLC raised its stake in shares of Lumos Networks Corp. by 257.8% in the first quarter. Gabelli Funds LLC now owns 42,935 shares of the utilities provider’s stock worth $760,000 after buying an additional 30,935 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Lumos Networks Corp. by 16.3% in the first quarter. Bank of New York Mellon Corp now owns 401,348 shares of the utilities provider’s stock worth $7,104,000 after buying an additional 56,182 shares in the last quarter. DUPONT CAPITAL MANAGEMENT Corp purchased a new stake in shares of Lumos Networks Corp. during the first quarter worth about $2,593,000. Finally, Prudential Financial Inc. raised its stake in shares of Lumos Networks Corp. by 0.6% in the first quarter. Prudential Financial Inc. now owns 39,791 shares of the utilities provider’s stock worth $704,000 after buying an additional 250 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Lumos Networks Corp. (NASDAQ LMOS) opened at 17.87 on Thursday. The firm’s market cap is $427.88 million. Lumos Networks Corp. has a 52-week low of $12.91 and a 52-week high of $17.99. The firm’s 50 day moving average price is $17.89 and its 200 day moving average price is $17.48.

Lumos Networks Corp. (NASDAQ:LMOS) last posted its earnings results on Monday, August 7th. The utilities provider reported $0.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.01. The company had revenue of $56.37 million for the quarter, compared to analyst estimates of $55.33 million. Lumos Networks Corp. had a negative return on equity of 2.79% and a negative net margin of 1.70%. Equities research analysts anticipate that Lumos Networks Corp. will post ($0.23) EPS for the current fiscal year.

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A number of equities research analysts recently issued reports on LMOS shares. Zacks Investment Research lowered Lumos Networks Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, April 19th. BidaskClub lowered Lumos Networks Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Lumos Networks Corp. presently has an average rating of “Hold” and an average price target of $19.25.

Lumos Networks Corp. Company Profile

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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Institutional Ownership by Quarter for Lumos Networks Corp. (NASDAQ:LMOS)

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