Lumos Networks Corp (LMOS) : Dg Capital Management has sold out all of its stake in Lumos Networks Corp during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 326,911 shares of Lumos Networks Corp which is valued at $4,360,993.
Other Hedge Funds, Including , Municipal Employees’ Retirement System Of Michigan boosted its stake in LMOS in the latest quarter, The investment management firm added 140 additional shares and now holds a total of 10,200 shares of Lumos Networks Corp which is valued at $136,068. Lumos Networks Corp makes up approx 0.01% of Municipal Employees’ Retirement System Of Michigan’s portfolio.Comerica Bank reduced its stake in LMOS by selling 33 shares or 0.14% in the most recent quarter. The Hedge Fund company now holds 23,131 shares of LMOS which is valued at $308,568.Great West Life Assurance Co Can boosted its stake in LMOS in the latest quarter, The investment management firm added 27,337 additional shares and now holds a total of 28,234 shares of Lumos Networks Corp which is valued at $331,467.
Lumos Networks Corp opened for trading at $13.67 and hit $13.91 on the upside on Thursday, eventually ending the session at $13.87, with a gain of 0.87% or 0.12 points. The heightened volatility saw the trading volume jump to 81,293 shares. Company has a market cap of $325 M.
On the company’s financial health, Lumos Networks Corp reported $0.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.03. The company had revenue of $52.40 million for the quarter, compared to analysts expectations of $51.74 million. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS.
Many Wall Street Analysts have commented on Lumos Networks Corp. Lumos Networks Corp was Upgraded by Jefferies to ” Buy” on Aug 4, 2016.
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.