Should You Avoid Lumos Networks Corp (LMOS)?

Lumos Networks Corp (NASDAQ:LMOS) was in 4 hedge funds’ portfolio at the end of March. LMOS has experienced a decrease in hedge fund sentiment in recent months. There were 8 hedge funds in our database with LMOS positions at the end of the previous quarter.

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Now, let’s take a peek at the recent action encompassing Lumos Networks Corp (NASDAQ:LMOS).

What does the smart money think about Lumos Networks Corp (NASDAQ:LMOS)?

In preparation for this quarter, a total of 4 of the hedge funds we track held long positions in this stock, a change of -50% from one quarter earlier.

Seeing as Lumos Networks Corp (NASDAQ:LMOS) has witnessed declining sentiment from the entirety of the hedge funds we track, it’s easy to see that there exists a select few hedge funds that slashed their positions entirely at the end of the first quarter. At the top of the heap, Clint Carlson’s Carlson Capital cut the largest investment of all the hedgies we monitor, comprising an estimated $3.9 million in stock.. Jacob Gottlieb’s fund, Visium Asset Management, also dumped its stock, about $2 million worth. These bearish behaviors are intriguing to say the least, as aggregate hedge fund interest was cut by 4 funds at the end of the first quarter.

How have insiders been trading Lumos Networks Corp (NASDAQ:LMOS)?

Insider purchases made by high-level executives is most useful when the company we’re looking at has seen transactions within the past 180 days. Over the latest six-month time frame, Lumos Networks Corp (NASDAQ:LMOS) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

Let’s check out hedge fund and insider activity in other stocks similar to Lumos Networks Corp (NASDAQ:LMOS). These stocks are Cbeyond, Inc. (NASDAQ:CBEY), RigNet Inc (NASDAQ:RNET), Hawaiian Telcom HoldCo Inc (NASDAQ:HCOM), ORBCOMM Inc (NASDAQ:ORBC), and IDT Corporation (NYSE:IDT). This group of stocks are the members of the diversified communication services industry and their market caps are closest to LMOS’s market cap.