Lumos Networks Corp. (LMOS) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund increased its position in shares of Lumos Networks Corp. (NASDAQ:LMOS) by 27.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,400 shares of the utilities provider’s stock after acquiring an additional 5,699 shares during the period. New York State Common Retirement Fund owned approximately 0.11% of Lumos Networks Corp. worth $472,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Thrivent Financial For Lutherans grew its holdings in Lumos Networks Corp. by 8.6% during the second quarter. Thrivent Financial For Lutherans now owns 14,430 shares of the utilities provider’s stock worth $258,000 after acquiring an additional 1,140 shares during the period. Nationwide Fund Advisors grew its holdings in Lumos Networks Corp. by 4.1% during the second quarter. Nationwide Fund Advisors now owns 17,302 shares of the utilities provider’s stock worth $309,000 after acquiring an additional 686 shares during the period. Ameriprise Financial Inc. grew its holdings in Lumos Networks Corp. by 1.6% during the second quarter. Ameriprise Financial Inc. now owns 126,007 shares of the utilities provider’s stock worth $2,252,000 after acquiring an additional 1,954 shares during the period. TIAA CREF Investment Management LLC grew its holdings in Lumos Networks Corp. by 6.0% during the second quarter. TIAA CREF Investment Management LLC now owns 82,958 shares of the utilities provider’s stock worth $1,482,000 after acquiring an additional 4,704 shares during the period. Finally, Teachers Advisors LLC grew its holdings in Lumos Networks Corp. by 17.9% during the second quarter. Teachers Advisors LLC now owns 47,694 shares of the utilities provider’s stock worth $852,000 after acquiring an additional 7,235 shares during the period. 78.58% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Thomas E. Ferry sold 8,252 shares of Lumos Networks Corp. stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $17.94, for a total value of $148,040.88. Following the transaction, the insider now owns 50,383 shares of the company’s stock, valued at approximately $903,871.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 8.70% of the company’s stock.

A number of equities analysts recently weighed in on the company. BidaskClub cut Lumos Networks Corp. from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 19th. Zacks Investment Research raised Lumos Networks Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $19.25.

Lumos Networks Corp. (NASDAQ LMOS) opened at $17.99 on Tuesday. Lumos Networks Corp. has a 12 month low of $14.02 and a 12 month high of $17.99. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 2.76.

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About Lumos Networks Corp.

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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