The SVP & General Manager of Lumos Networks (NASDAQ: LMOS) is Buying Shares

Today, the SVP & General Manager of Lumos Networks (NASDAQ: LMOS), Diego Anderson, bought shares of LMOS for $542.2K.

Following this transaction Diego Anderson’s holding in the company was increased by 162.1%. In addition to Diego Anderson, 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.

Company insider trades’ information is brought to you by the DailyInsider, a proprietary algorithm that analyzes insider trading activity to detect the most attractive trading opportunities. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Leave a Reply

Your email address will not be published. Required fields are marked *