Limelight Networks, Inc. (NASDAQ:LLNW) Stock Holdings Increased by Acadian Asset Management LLC

Acadian Asset Management LLC boosted its stake in Limelight Networks, Inc. (NASDAQ:LLNW) by 37,718.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 284,393 shares of the information services provider’s stock after acquiring an additional 283,641 shares during the quarter. Acadian Asset Management LLC owned 0.25% of Limelight Networks worth $918,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. DDD Partners LLC increased its position in shares of Limelight Networks by 275.9% during the fourth quarter. DDD Partners LLC now owns 1,672,865 shares of the information services provider’s stock worth $3,915,000 after buying an additional 1,227,865 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Limelight Networks by 42.6% in the third quarter. JPMorgan Chase & Co. now owns 2,787,660 shares of the information services provider’s stock worth $13,994,000 after purchasing an additional 832,689 shares in the last quarter. Alambic Investment Management L.P. purchased a new position in shares of Limelight Networks in the fourth quarter worth about $1,660,000. United Services Automobile Association boosted its position in shares of Limelight Networks by 25.8% in the fourth quarter. United Services Automobile Association now owns 2,972,900 shares of the information services provider’s stock valued at $6,957,000 after acquiring an additional 610,277 shares during the period. Finally, Deutsche Bank AG lifted its holdings in shares of Limelight Networks by 239.5% in the 4th quarter. Deutsche Bank AG now owns 747,520 shares of the information services provider’s stock worth $1,748,000 after acquiring an additional 527,311 shares during the last quarter. 73.03% of the stock is currently owned by institutional investors and hedge funds.

Shares of LLNW traded up $0.12 during mid-day trading on Monday, reaching $2.82. The company’s stock had a trading volume of 810,200 shares, compared to its average volume of 880,079. Limelight Networks, Inc. has a 12-month low of $2.21 and a 12-month high of $5.32. The firm’s 50 day moving average price is $2.94. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $310.20 million, a PE ratio of -141.00 and a beta of 2.08.

Limelight Networks (NASDAQ:LLNW) last posted its quarterly earnings data on Wednesday, April 17th. The information services provider reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The company 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 firm’s revenue was down 17.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.06 earnings per share. Sell-side analysts forecast that Limelight Networks, Inc. will post -0.03 EPS for the current fiscal year.

Several brokerages have recently commented on LLNW. BidaskClub raised Limelight Networks from a “strong sell” rating to a “sell” rating in a research note on Saturday, March 9th. Zacks Investment Research downgraded Limelight Networks from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 10th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $6.50.

Limelight Networks Company 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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Institutional Ownership by Quarter for Limelight Networks (NASDAQ:LLNW)

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