Lumos Networks Corp. (NASDAQ:LMOS) Shares Sold by Corbyn Investment Management Inc. MD

Corbyn Investment Management Inc. MD cut its position in Lumos Networks Corp. (NASDAQ:LMOS) by 66.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 219,026 shares of the utilities provider’s stock after selling 428,922 shares during the period. Lumos Networks Corp. comprises approximately 1.2% of Corbyn Investment Management Inc. MD’s investment portfolio, making the stock its 28th largest position. Corbyn Investment Management Inc. MD owned about 0.91% of Lumos Networks Corp. worth $3,914,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Municipal Employees Retirement System of Michigan increased its position in Lumos Networks Corp. by 6.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 5,660 shares of the utilities provider’s stock worth $101,000 after buying an additional 330 shares during the last quarter. Arizona State Retirement System increased its position in Lumos Networks Corp. by 0.8% in the first quarter. Arizona State Retirement System now owns 12,280 shares of the utilities provider’s stock worth $217,000 after buying an additional 100 shares during the last quarter. Thrivent Financial for Lutherans increased its position in Lumos Networks Corp. by 5.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 12,680 shares of the utilities provider’s stock worth $198,000 after buying an additional 700 shares during the last quarter. Thrivent Financial For Lutherans increased its position in Lumos Networks Corp. by 4.8% in the first quarter. Thrivent Financial For Lutherans now owns 13,290 shares of the utilities provider’s stock worth $235,000 after buying an additional 610 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new position in Lumos Networks Corp. during the first quarter worth about $251,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Shares of Lumos Networks Corp. (NASDAQ:LMOS) remained flat at $17.88 during midday trading on Friday. The company’s stock had a trading volume of 77,551 shares. The stock’s market cap is $428.12 million. Lumos Networks Corp. has a one year low of $13.01 and a one year high of $17.99. The stock has a 50-day moving average of $17.89 and a 200 day moving average of $17.50.

Lumos Networks Corp. (NASDAQ:LMOS) last issued its quarterly earnings data on Monday, August 7th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.01. Lumos Networks Corp. had a negative return on equity of 2.79% and a negative net margin of 1.70%. The business had revenue of $56.37 million for the quarter, compared to the consensus estimate of $55.33 million. On average, equities research analysts forecast that Lumos Networks Corp. will post ($0.23) earnings per share for the current year.

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Several equities analysts have weighed in on LMOS shares. Zacks Investment Research downgraded shares of Lumos Networks Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, April 19th. BidaskClub downgraded shares of Lumos Networks Corp. from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price 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.

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

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