The EVP CFO of Lumos Networks (NASDAQ: LMOS) is Buying Shares

Today, the EVP CFO of Lumos Networks (NASDAQ: LMOS), Johan Broekhuysen, bought shares of LMOS for $400K.

Following this transaction Johan Broekhuysen’s holding in the company was increased by 29.16%. In addition to Johan Broekhuysen, 8 other LMOS executives reported Buy trades in the last month.

Based on Lumos Networks’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $55.61 million and GAAP net loss of $453K. In comparison, last year the company earned revenue of $51.77 million and had a net profit of $987K. The company has a one-year high of $17.99 and a one-year low of $14.02. Currently, Lumos Networks has an average volume of 99.22K.

Nine different firms, including BTIG and Cowen & Co., currently also have a Buy rating on the stock.

In the last 30 days, insiders have sold $99M worth of LMOS shares and purchased $80.53M worth of LMOS shares. The insider sentiment on Lumos Networks has been positive according to 70 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Lumos Networks Corp. is a fiber-based service provider. It provides data, broadband, voice and IP services over an expanding fiber optic network. The company operates through the following segments: Data, Residential and Small Business and Rural Local Exchange Carrier. The Data segment includes enterprise data, transport and FTTC product groups.

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