EarthLink Holdings Corp. (NASDAQ:ELNK) shares rose 5.8% during trading on Wednesday . The company traded as high as $6.70 and last traded at $6.62, with a volume of 458,691 shares trading hands. The stock had previously closed at $6.26.

ELNK has been the subject of a number of research analyst reports. Mitsubishi UFJ Financial Group downgraded shares of EarthLink Holdings Corp. from a “neutral” rating to an “underweight” rating in a research note on Friday, June 10th. Zacks Investment Research raised shares of EarthLink Holdings Corp. from a “hold” rating to a “strong-buy” rating and set a $6.75 target price for the company in a research report on Friday, May 6th. TheStreet raised shares of EarthLink Holdings Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, May 3rd. Jefferies Group reissued a “hold” rating on shares of EarthLink Holdings Corp. in a research report on Tuesday, May 3rd. Finally, B. Riley reissued a “buy” rating and set a $10.00 target price on shares of EarthLink Holdings Corp. in a research report on Monday, May 9th. One analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $8.44.

The stock’s 50 day moving average is $6.59 and its 200 day moving average is $6.09. The stock’s market capitalization is $691.93 million.

EarthLink Holdings Corp. (NASDAQ:ELNK) last released its quarterly earnings results on Monday, August 8th. The company reported $0.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.01. The company earned $240.40 million during the quarter, compared to analyst estimates of $246.40 million. During the same quarter last year, the business earned ($0.10) EPS. The company’s revenue for the quarter was down 15.3% compared to the same quarter last year. On average, analysts forecast that EarthLink Holdings Corp. will post $0.09 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Tuesday, September 20th will be given a $0.05 dividend. The ex-dividend date of this dividend is Friday, September 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.05%.

In related news, insider R Michael Thurston sold 15,234 shares of the stock in a transaction on Friday, May 27th. The stock was sold at an average price of $6.51, for a total value of $99,173.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Several large investors have recently made changes to their positions in ELNK. Matarin Capital Management LLC purchased a new stake in shares of EarthLink Holdings Corp. during the fourth quarter valued at about $2,616,000. Bank of Montreal Can raised its stake in shares of EarthLink Holdings Corp. by 957.3% in the fourth quarter. Bank of Montreal Can now owns 208,308 shares of the company’s stock valued at $1,548,000 after buying an additional 188,606 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of EarthLink Holdings Corp. by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,956,637 shares of the company’s stock valued at $59,118,000 after buying an additional 157,951 shares in the last quarter. Cornerstone Capital Management Holdings LLC. raised its stake in shares of EarthLink Holdings Corp. by 12.1% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 528,320 shares of the company’s stock valued at $3,925,000 after buying an additional 57,220 shares in the last quarter. Finally, California State Teachers Retirement System raised its stake in shares of EarthLink Holdings Corp. by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 191,054 shares of the company’s stock valued at $1,420,000 after buying an additional 3,377 shares in the last quarter.

EarthLink, Inc (EarthLink), is a network, communications and information technology (IT) services provider to business and residential customers in the United States. The Company operates in two segments: Business Services and Consumer Services. EarthLink’s Business Services segment provides a range of data, voice, managed IT and equipment services to business customers.

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