Squarepoint Ops LLC reduced its position in Limelight Networks, Inc. (NASDAQ:LLNW) by 84.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,508 shares of the information services provider’s stock after selling 244,133 shares during the quarter. Squarepoint Ops LLC’s holdings in Limelight Networks were worth $104,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its holdings in Limelight Networks by 165.6% during the 4th quarter. Bank of America Corp DE now owns 68,155 shares of the information services provider’s stock worth $159,000 after acquiring an additional 42,493 shares during the last quarter. Two Sigma Advisers LP grew its holdings in Limelight Networks by 21.0% during the 4th quarter. Two Sigma Advisers LP now owns 1,018,512 shares of the information services provider’s stock worth $2,383,000 after acquiring an additional 176,800 shares during the last quarter. Two Sigma Investments LP grew its holdings in Limelight Networks by 69.9% during the 4th quarter. Two Sigma Investments LP now owns 1,209,404 shares of the information services provider’s stock worth $2,830,000 after acquiring an additional 497,641 shares during the last quarter. Barclays PLC grew its holdings in Limelight Networks by 61.4% during the 4th quarter. Barclays PLC now owns 66,131 shares of the information services provider’s stock worth $155,000 after acquiring an additional 25,170 shares during the last quarter. Finally, Mackay Shields LLC bought a new stake in Limelight Networks during the 4th quarter worth approximately $58,000. 74.33% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have weighed in on LLNW shares. Raymond James raised shares of Limelight Networks from an “underperform” rating to a “market perform” rating in a report on Tuesday, January 29th. BidaskClub raised shares of Limelight Networks from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 30th. Finally, Zacks Investment Research lowered shares of Limelight Networks from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. Limelight Networks has an average rating of “Hold” and a consensus price target of $6.31.
Shares of NASDAQ LLNW opened at $3.11 on Friday. Limelight Networks, Inc. has a 52-week low of $2.21 and a 52-week high of $5.52.
Limelight Networks (NASDAQ:LLNW) last issued its quarterly earnings results on Wednesday, April 17th. The information services provider reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.03). The firm had revenue of $43.28 million during the quarter, compared to analyst estimates of $44.87 million. Limelight Networks had a negative return on equity of 8.17% and a net margin of 0.61%. The firm’s revenue for the quarter was down 17.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 EPS.
Limelight Networks Company Profile
Limelight Networks, Inc provides content delivery and related services and solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers services and solutions for businesses to deliver their digital content across Internet, mobile, social, and other digital initiatives.
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