EarthLink Holdings Corp. (NASDAQ:ELNK) EVP Rick C. Froehlich sold 31,499 shares of the firm’s 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 transaction was disclosed in a document filed with the SEC, which is accessible through.
EarthLink Holdings Corp. () opened at 6.15 on Thursday. The company has a 50 day moving average price of $6.50 and a 200 day moving average price of $6.24. The stock’s market capitalization is $648.79 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 announced its earnings results on Monday, August 8th. The company reported $0.04 EPS 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 analysts’ expectations of $246.40 million. During the same quarter in the previous year, the company earned ($0.10) earnings per share. The firm’s quarterly revenue was down 15.3% compared to the same quarter last year. Equities research analysts predict that EarthLink Holdings Corp. will post $0.08 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Tuesday, September 20th will be issued a $0.05 dividend. The ex-dividend date is Friday, September 16th. This represents a $0.20 annualized dividend and a dividend yield of 3.25%. EarthLink Holdings Corp.’s dividend payout ratio is currently -181.82%.
Several equities research analysts have recently issued reports on the company. Barclays PLC raised their price objective on EarthLink Holdings Corp. to $18.00 and gave the stock a “neutral” rating in a report on Thursday, August 18th. B. Riley assumed coverage on EarthLink Holdings Corp. in a report on Sunday, August 14th. They set a “buy” rating and a $10.00 price objective on the stock. Zacks Investment Research cut EarthLink Holdings Corp. from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 11th. Finally, Mitsubishi UFJ Financial Group cut EarthLink Holdings Corp. from a “neutral” rating to an “underweight” rating in a report on Friday, June 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. EarthLink Holdings Corp. presently has a consensus rating of “Hold” and a consensus target price of $10.35.
Several hedge funds and other institutional investors have recently bought and sold shares of ELNK. Vanguard Group Inc. boosted its position in EarthLink Holdings Corp. by 0.8% in the second quarter. Vanguard Group Inc. now owns 14,817,760 shares of the company’s stock valued at $94,834,000 after buying an additional 111,979 shares in the last quarter. Renaissance Technologies LLC boosted its position in EarthLink Holdings Corp. by 2.0% in the first quarter. Renaissance Technologies LLC now owns 8,173,139 shares of the company’s stock valued at $46,342,000 after buying an additional 158,700 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in EarthLink Holdings Corp. by 55.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 4,177,969 shares of the company’s stock valued at $26,739,000 after buying an additional 1,493,880 shares in the last quarter. First Trust Advisors LP boosted its position in EarthLink Holdings Corp. by 1.1% in the second quarter. First Trust Advisors LP now owns 3,742,244 shares of the company’s stock valued at $23,950,000 after buying an additional 41,405 shares in the last quarter. Finally, Royce & Associates LP boosted its position in EarthLink Holdings Corp. by 3.4% in the first quarter. Royce & Associates LP now owns 3,168,130 shares of the company’s stock valued at $17,963,000 after buying an additional 105,500 shares in the last quarter. 89.02% of the stock is currently owned by institutional investors.
About EarthLink Holdings Corp.
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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