Investure buys $5,368,592 stake in Lumos Networks Corp (LMOS)

Lumos Networks Corp (LMOS) : Investure scooped up 112,402 additional shares in Lumos Networks Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 25, 2016. The investment management firm now holds a total of 421,066 shares of Lumos Networks Corp which is valued at $5,368,592.Lumos Networks Corp makes up approximately 1.34% of Investure’s portfolio.

Lumos Networks Corp opened for trading at $12.81 and hit $13 on the upside on Monday, eventually ending the session at $12.95, with a gain of 1.57% or 0.2 points. The heightened volatility saw the trading volume jump to 73,618 shares. Company has a market cap of $301 M.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa boosted its stake in LMOS in the latest quarter, The investment management firm added 1,076 additional shares and now holds a total of 3,346 shares of Lumos Networks Corp which is valued at $43,398. Strs Ohio sold out all of its stake in LMOS during the most recent quarter. The investment firm sold 52,500 shares of LMOS which is valued $680,925.New York State Teachers Retirement System boosted its stake in LMOS in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 31,856 shares of Lumos Networks Corp which is valued at $413,172. Simplex Trading sold out all of its stake in LMOS during the most recent quarter. The investment firm sold 14 shares of LMOS which is valued $180.

On the company’s financial health, Lumos Networks Corp reported $0.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Mar 7, 2016. Analyst had a consensus of $0.05. The company had revenue of $51.90 million for the quarter, compared to analysts expectations of $50.55 million. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS.

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. The Company operates through three segments: Data Residential and Small Business (R&SB) and RLEC Access. The Data segment includes the Company’s enterprise data transport and Fiber to the Cell (FTTC) product groups. The R&SB segment includes legacy voice and IP services products targeted to its residential and small business customers. The RLEC Access segment provides carrier customers access to the Company’s network within the Company’s RLEC footprint and primarily includes switched access services.

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