Amalgamated Bank bought a new stake in shares of Limelight Networks, Inc. (NASDAQ:LLNW) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 16,223 shares of the information services provider’s stock, valued at approximately $38,000.
Other institutional investors have also recently made changes to their positions in the company. Legal & General Group Plc boosted its stake in shares of Limelight Networks by 25.1% in the 4th quarter. Legal & General Group Plc now owns 20,034 shares of the information services provider’s stock valued at $46,000 after buying an additional 4,014 shares during the period. Citigroup Inc. boosted its stake in shares of Limelight Networks by 15.5% in the 4th quarter. Citigroup Inc. now owns 35,413 shares of the information services provider’s stock valued at $83,000 after buying an additional 4,758 shares during the period. California Public Employees Retirement System boosted its stake in shares of Limelight Networks by 2.4% in the 4th quarter. California Public Employees Retirement System now owns 307,453 shares of the information services provider’s stock valued at $719,000 after buying an additional 7,119 shares during the period. WINTON GROUP Ltd boosted its stake in shares of Limelight Networks by 59.6% in the 4th quarter. WINTON GROUP Ltd now owns 24,838 shares of the information services provider’s stock valued at $58,000 after buying an additional 9,278 shares during the period. Finally, B. Riley Financial Inc. boosted its stake in shares of Limelight Networks by 2.8% in the 3rd quarter. B. Riley Financial Inc. now owns 467,626 shares of the information services provider’s stock valued at $2,347,000 after buying an additional 12,785 shares during the period. Institutional investors own 73.95% of the company’s stock.
Several equities research analysts have recently weighed in on the company. Raymond James raised Limelight Networks from an “underperform” rating to a “market perform” rating in a research report on Tuesday, January 29th. BidaskClub raised Limelight Networks from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Finally, Zacks Investment Research lowered Limelight Networks from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $6.31.
Limelight Networks (NASDAQ:LLNW) last released its quarterly earnings results on Wednesday, April 17th. The information services provider reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The firm had revenue of $43.28 million for the quarter, compared to analyst estimates of $44.87 million. Limelight Networks had a negative return on equity of 8.25% and a net margin of 0.61%. The company’s quarterly revenue was down 17.0% on a year-over-year basis. During the same period last year, the firm earned $0.06 EPS. On average, sell-side analysts predict that Limelight Networks, Inc. will post -0.03 earnings per share for the current fiscal year.
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Limelight Networks 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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