EarthLink Holdings Corp. (ELNK) Shares Sold by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP decreased its stake in EarthLink Holdings Corp. (NASDAQ:ELNK) by 12.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,576,151 shares of the company’s stock after selling 953,362 shares during the period. Dimensional Fund Advisors LP owned about 6.26% of EarthLink Holdings Corp. worth $42,087,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of ELNK. Commonwealth Equity Services Inc raised its stake in shares of EarthLink Holdings Corp. by 6.5% in the second quarter. Commonwealth Equity Services Inc now owns 16,460 shares of the company’s stock valued at $105,000 after buying an additional 1,001 shares during the last quarter. Suntrust Banks Inc. raised its stake in shares of EarthLink Holdings Corp. by 15.3% in the second quarter. Suntrust Banks Inc. now owns 18,343 shares of the company’s stock valued at $116,000 after buying an additional 2,428 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in shares of EarthLink Holdings Corp. during the second quarter valued at approximately $125,000. Pacad Investment Ltd. raised its stake in shares of EarthLink Holdings Corp. by 81.7% in the first quarter. Pacad Investment Ltd. now owns 34,700 shares of the company’s stock valued at $197,000 after buying an additional 15,600 shares during the last quarter. Finally, Airain ltd raised its stake in shares of EarthLink Holdings Corp. by 8.3% in the second quarter. Airain ltd now owns 75,124 shares of the company’s stock valued at $481,000 after buying an additional 5,778 shares during the last quarter. Institutional investors own 89.02% of the company’s stock.
EarthLink Holdings Corp. (NASDAQ:ELNK) opened at 5.98 on Friday. The firm has a 50-day moving average of $6.25 and a 200-day moving average of $6.28. The stock’s market capitalization is $630.85 million. EarthLink Holdings Corp. has a 12-month low of $4.97 and a 12-month high of $9.86.
EarthLink Holdings Corp. (NASDAQ:ELNK) last issued its earnings results on Monday, August 8th. The company reported $0.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.01. EarthLink Holdings Corp. had a negative return on equity of 43.21% and a negative net margin of 1.06%. The firm had revenue of $240.40 million for the quarter, compared to analyst estimates of $246.40 million. During the same period last year, the company earned ($0.10) earnings per share. The firm’s revenue for the quarter was down 15.3% on a year-over-year basis. Equities research analysts forecast that EarthLink Holdings Corp. will post $0.08 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 4th. Shareholders of record on Tuesday, September 20th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend was Friday, September 16th. EarthLink Holdings Corp.’s dividend payout ratio is presently -181.82%.
Several brokerages have commented on ELNK. B. Riley restated a “buy” rating and set a $10.00 target price on shares of EarthLink Holdings Corp. in a research report on Thursday, August 4th. Zacks Investment Research lowered shares of EarthLink Holdings Corp. from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 20th. Finally, Barclays PLC boosted their price objective on shares of EarthLink Holdings Corp. to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, August 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $10.44.
In other EarthLink Holdings Corp. news, EVP Rick C. Froehlich sold 31,499 shares of the stock in a transaction on Monday, September 12th. The stock was sold at an average price of $6.33, for a total value of $199,388.67. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.70% of the stock is owned by company insiders.
EarthLink Holdings Corp. Company Profile
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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