CapWealth Loads Up on Lumen Technologies (LUMN) By Purchasing 704,970 Shares

Core Insights - CapWealth Advisors, LLC disclosed a purchase of Lumen Technologies shares worth approximately $9.92 million, acquiring 704,970 additional shares, which increased the quarter-end value of Lumen's position by $14.54 million due to both share addition and market price movement [1][2]. Company Overview - Lumen Technologies reported a total revenue of $12.69 billion and a net income loss of $1.65 billion for the trailing twelve months (TTM) [4]. - The company's market capitalization stands at $9.25 billion, with shares priced at $8.82 as of February 2, 2026, reflecting a 76.4% increase over the past year [4][6]. - Lumen Technologies serves approximately 4.5 million broadband subscribers and provides integrated technology and communications services, including cloud and IT solutions, fiber infrastructure, and broadband [7]. Investment Position - Following the recent purchase, Lumen Technologies constitutes 3.3% of CapWealth's 13F reportable assets, with top stock holdings including PLTR, LUMN, WMB, MSFT, and GLW [6]. - The one-year alpha for Lumen Technologies is 62.11 percentage points compared to the S&P 500, indicating strong performance relative to the market [6]. Financial Performance - Despite being an internet service provider, Lumen Technologies has faced challenges, reporting a significant loss of $1.65 billion over the past year, which is over $1 billion more than the previous year's loss [9].