The stock of EarthLink Holdings Corp. (NASDAQ:ELNK) is a huge mover today! About 848,345 shares traded hands or 131.91% up from the average. EarthLink Holdings Corp. (NASDAQ:ELNK) has declined 5.74% since April 4, 2016 and is downtrending. It has underperformed by 6.83% the S&P500.
The move comes after 9 months positive chart setup for the $571.78M company. It was reported on Nov, 4 by Barchart.com. We have $8.98 PT which if reached, will make NASDAQ:ELNK worth $245.87M more.
Analysts await EarthLink Holdings Corp. (NASDAQ:ELNK) to report earnings on November, 7. They expect $-0.01 EPS, up 90.00% or $0.09 from last year’s $-0.1 per share. After $0.06 actual EPS reported by EarthLink Holdings Corp. for the previous quarter, Wall Street now forecasts -116.67% negative EPS growth.
EarthLink Holdings Corp. (NASDAQ:ELNK) Ratings Coverage
Out of 3 analysts covering EarthLink Inc (NASDAQ:ELNK), 1 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 33% are positive. EarthLink Inc has been the topic of 3 analyst reports since August 10, 2015 according to StockzIntelligence Inc. On Tuesday, September 15 the stock rating was initiated by Northland Capital with “Outperform”. The rating was downgraded by Mitsubishi UFJ on Friday, June 10 to “Underweight”.
According to Zacks Investment Research, “EarthLink Holdings Corp. provides IT services and communications to business and residential customers primarily in the United States. The company’s services consists of cloud computing, managed and private cloud, virtualization services such as managed hosting and cloud workspace, IT security, application hosting, colocation and IT support services. It also offers data and voice IP services. EarthLink Holdings Corp., formerly known as EarthLink, Inc., is headquartered in Atlanta, GA.”
Insitutional Activity: The institutional sentiment increased to 1.29 in 2016 Q2. Its up 0.33, from 0.96 in 2016Q1. The ratio improved, as 16 funds sold all EarthLink Holdings Corp. shares owned while 52 reduced positions. 21 funds bought stakes while 67 increased positions. They now own 92.99 million shares or 2.14% less from 95.02 million shares in 2016Q1.
Hillsdale Invest Inc last reported 61,600 shares in the company. Wells Fargo Communications Mn owns 74,592 shares or 0% of their US portfolio. Clinton Group has 0.01% invested in the company for 17,737 shares. Secor Advisors Limited Partnership has 0.47% invested in the company for 585,934 shares. Century, a Missouri-based fund reported 864,548 shares. Manufacturers Life Ins Company The last reported 71,459 shares in the company. Diam Limited holds 35,710 shares or 0% of its portfolio. Moreover, Pacific Ridge Cap Prns Ltd has 0.3% invested in EarthLink Holdings Corp. (NASDAQ:ELNK) for 102,370 shares. Moreover, Stevens Lp has 0% invested in EarthLink Holdings Corp. (NASDAQ:ELNK) for 10,131 shares. Qs Invsts owns 1.38M shares or 0.08% of their US portfolio. Aperio Grp holds 38,030 shares or 0% of its portfolio. Proshare Advisors Ltd Liability Co last reported 12,855 shares in the company. Blackrock Institutional Tru Com Na holds 0% of its portfolio in EarthLink Holdings Corp. (NASDAQ:ELNK) for 4.18M shares. Cubist Systematic Strategies Lc owns 10,554 shares or 0% of their US portfolio. Shell Asset has invested 0.04% of its portfolio in EarthLink Holdings Corp. (NASDAQ:ELNK).
Insider Transactions: Since May 27, 2016, the stock had 0 insider buys, and 2 selling transactions for $298,562 net activity. $99,173 worth of EarthLink Holdings Corp. (NASDAQ:ELNK) was sold by Thurston R Michael on Friday, May 27. On Monday, September 12 Froehlich Rick C sold $199,389 worth of the stock or 31,499 shares.
Another recent and important EarthLink Holdings Corp. (NASDAQ:ELNK) news was published by Reuters.com which published an article titled: “Exclusive: EarthLink, a 90s Internet star, in talks to merge with Windstre…” on November 04, 2016.
ELNK Company Profile
EarthLink Holdings Corp., incorporated on December 3, 2013, is a well-known provider of managed network, security and cloud services to business and residential clients in the United States. The Firm provides a range of data, voice and managed network services to retail and wholesale business customers. The Company’s divisions are Enterprise/Mid-Market, Small Business, Carrier/Transport and Consumer Services. The Firm operates a network of approximately 29,000 route miles of fiber and over 90 metro fiber rings that provide data and voice Internet Protocol (IP) service coverage.
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