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flag Lumen Technologies reports surprise profit despite institutional investors reducing stakes.

flag Institutional investors have been adjusting their stakes in Lumen Technologies, with Mraz Amerine & Associates Inc. reducing its holdings by 1.7%. flag Despite a negative market outlook, Lumen Technologies reported a surprise quarterly profit of $0.09 per share, beating analyst estimates. flag The company, which provides technology and communications services, now has varied stock ratings from analysts, ranging from 'sell' to 'hold'.

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