Corporate restructuring remains a factor in the lumn stock forecast If you want to know who really controls Lumen Technologies, Inc. ( NYSE:LUMN ), then you'll have to look at the makeup of its share registry. And the group that holds the biggest piece of the pie are institutions with 66% ownership. Put another way, the group faces the maximum upside potential (or downside risk). Lumen Technologies ( NYSE:LUMN - Get Free Report ) last posted its earnings results on Thursday, July 31st. The technology company reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.24) by $0.21. Lumen Technologies had a negative return on equity of 158.40% and a negative net margin of 9.19%.The company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same quarter last year, the company earned ($0.13) earnings per share. The company's revenue for the quarter was down 5.4% on a year-over-year basis. On average, research analysts expect that Lumen Technologies will post -0.87 earnings per share for the current fiscal year. Insider Buying and Selling at Lumen Technologies 3 Over-Hyped Stocks to Sell Now In related news, CEO Kathleen E. Johnson purchased 135,870 shares of Lumen Technologies stock in a transaction dated Tuesday, August 5th. The stock was bought at an average cost of $3.69 per share, for a total transaction of $501,360.30. Following the completion of the transaction, the chief executive officer owned 9,616,947 shares in the company, valued at $35,486,534.43. This trade represents a 1.43% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link . Also, CFO Christopher Stansbury bought 42,000 shares of Lumen Technologies stock in a transaction that occurred on Thursday, August 14th. The shares were acquired at an average price of $4.29 per share, with a total value of $180,180.00. Following the completion of the transaction, the chief financial officer owned 518,000 shares of the company's stock, valued at $2,222,220. This represents a 8.82% increase in their ownership of the stock. The disclosure for this purchase can be found here . Over the last quarter, insiders bought 217,870 shares of company stock valued at $859,140. 2.30% of the stock is owned by company insiders. Hedge Funds Weigh In On Lumen Technologies Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Front Street Capital Management Inc. grew its position in Lumen Technologies by 1.1% during the second quarter. Front Street Capital Management Inc. now owns 11,969,084 shares of the technology company's stock worth $52,425,000 after buying an additional 132,131 shares in the last quarter. Man Group plc grew its position in Lumen Technologies by 3.3% during the second quarter. Man Group plc now owns 11,486,835 shares of the technology company's stock worth $50,312,000 after buying an additional 364,436 shares in the last quarter. Norges Bank purchased a new position in Lumen Technologies during the second quarter worth about $47,923,000. Invesco Ltd. grew its position in Lumen Technologies by 6.3% during the second quarter. Invesco Ltd. now owns 10,928,906 shares of the technology company's stock worth $47,869,000 after buying an additional 652,124 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in Lumen Technologies by 8.5% during the second quarter. Allianz Asset Management GmbH now owns 9,520,500 shares of the technology company's stock worth $41,700,000 after purchasing an additional 748,185 shares during the last quarter. 66.19% of the stock is currently owned by hedge funds and other institutional investors. About Lumen Technologies ( Get Free Report ) Lumen Technologies, Inc, a facilities-based technology and communications company, provides various integrated products and services to business and residential customers in the United States and internationally. The company operates in two segments, Business and Mass Markets. It offers dark fiber, edge cloud services, internet protocol, managed security, software-defined wide area networks, secure access service edge, unified communications and collaboration, and optical wavelengths services; ethernet and VPN data networks services; and legacy services to manage cash flow, including time division multiplexing voice, private line, and other legacy services, as well as sells communication equipment, and IT solutions. 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MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lumen Technologies wasn't on the list. While Lumen Technologies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here Ten Starter Stocks For Beginners to Buy Now Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies. Get This Free Report Increased exposure signals confidence in Lumen’s long-term digital infrastructure strategy amid accelerated cloud adoption.