Lumos Networks Corp. (LMOS): Joseph E. Jr. Mccourt , EVP & Chief Revenue Officer of Lumos Networks Corp. sold 2,000 shares on Sep 19, 2016. The Insider selling transaction was reported by the company on Sep 21, 2016 to the Securities and Exchange Commission. The shares were sold at $13.96 per share for a total value of $27,920.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 1, 2016, Mary Mcdermott (SVP Legal & Reg. Affairs & Sec) sold 1,000 shares at $13.67 per share price.On Aug 22, 2016, Joseph E. Jr. Mccourt (EVP & Chief Revenue Officer) sold 2,000 shares at $13.26 per share price.Also, On Mar 17, 2016, Diego B Anderson (SVP & General Manager) sold 3,000 shares at $12.16 per share price.On Mar 11, 2016, Thomas E Ferry (Chief Technology Officer) sold 7,248 shares at $12.38 per share price.
Shares of Lumos Networks Corp (LMOS) ended Tuesday, Sep 21, 2016 session in red amid volatile trading. The shares closed down -0.26 points or -1.86% at $13.72 with 60,200 shares getting traded. Post opening the session at $14.09, the shares hit an intraday low of $13.65 and an intraday high of $14.17 and the price vacillated in this range throughout the day. The company has a market cap of $322 M and the number of outstanding shares has been calculated to be 2,34,63,661 shares. The 52-week high of Lumos Networks Corp is $14.2 and the 52-week low is $10.18.
Company has been under the radar of several Street Analysts.Lumos Networks Corp is Upgraded by Jefferies to Buy. Earlier the firm had a rating of Hold on the company shares. The Rating was issued 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.