Keybank National Association Has Boosted Its Republic Svcs (RSG) Stake by $341,814 as Share Price Rose; Cannell Capital Holding in Limelight Networks (LLNW) Boosted by $5.59 Million as Stock Price Rose

June 21, 2018 - By Linda Rogers

Limelight Networks, Inc. (NASDAQ:LLNW) Logo

J. Carlo Cannell increased its stake in Limelight Networks Inc (LLNW) by 932.58% based on its latest 2018Q1 regulatory filing with the SEC. Cannell Capital Llc bought 1.40 million shares as the company’s stock rose 27.39% while stock markets declined. The hedge fund run by J. Carlo Cannell held 1.55 million shares of the miscellaneous company at the end of 2018Q1, valued at $6.36 million, up from 149,900 at the end of the previous reported quarter. Cannell Capital Llc who had been investing in Limelight Networks Inc for a number of months, seems to be bullish on the $565.48M market cap company. The stock decreased 0.20% or $0.01 during the last trading session, reaching $5.11. About 546,376 shares traded. Limelight Networks, Inc. (NASDAQ:LLNW) has risen 64.61% since June 21, 2017 and is uptrending. It has outperformed by 52.04% the S&P500. Some Historical LLNW News: 21/03/2018 – Limelight Announces Change to Board of Directors; 19/04/2018 – Limelight Networks Sees 2018 EPS 7c-EPS 11c; 19/04/2018 – LIMELIGHT NETWORKS INC – RAISING 2018 REVENUE, GROSS MARGIN, NON-GAAP EARNINGS PER SHARE, AND ADJUSTED EBITDA GUIDANCE; 07/05/2018 – China Exports May Steal Iran Showdown’s Limelight: Markets Live; 21/04/2018 – DJ Limelight Networks Inc, Inst Holders, 1Q 2018 (LLNW); 19/04/2018 – LIMELIGHT NETWORKS INC SEES FULL-YEAR 2018 GAAP EPS IS EXPECTED TO BE BETWEEN $0.07 AND $0.11; 28/03/2018 – New Research from Limelight Networks Shows Traditional Sports Viewership is at Risk as Millennials Switch Their Attention to; 19/04/2018 – Limelight Networks Sees 2018 Adj EPS 13c-Adj EPS 17c; 15/03/2018 Limelight Networks Helps Companies Defend against Cyber Threats with New Bot Management Solution; 02/04/2018 – Limelight Networks and Akamai Technologies Settle All Outstanding Legal Disputes

Keybank National Association increased its stake in Republic Svcs Inc (RSG) by 0.58% based on its latest 2018Q1 regulatory filing with the SEC. Keybank National Association bought 5,179 shares as the company’s stock rose 1.07% while stock markets declined. The institutional investor held 904,585 shares of the public utilities company at the end of 2018Q1, valued at $59.91M, up from 899,406 at the end of the previous reported quarter. Keybank National Association who had been investing in Republic Svcs Inc for a number of months, seems to be bullish on the $22.60 billion market cap company. The stock decreased 0.36% or $0.25 during the last trading session, reaching $68.91. About 982,623 shares traded. Republic Services, Inc. (NYSE:RSG) has risen 7.75% since June 21, 2017 and is uptrending. It has underperformed by 4.82% the S&P500. Some Historical RSG News: 03/05/2018 – Republic Services Recorded Aggregate Accrual of $47M Relating to Outstanding Legal Proceedings as of March 31 — Filing; 02/05/2018 – Republic Services 1Q Net $237.9M; 20/04/2018 – Republic Services Closes Below 200-Day Moving Average; 07/05/2018 – Moody’s Upgrades Republic Services’ Senior Unsecured Rating To Baa2; Outlook To Stable; 26/03/2018 – The City Of Maywood Files Lawsuit Against Its Contracted Waste Hauler Consolidated Disposal Service, LLC And Republic Services, Inc; 13/04/2018 – Newman Ferrara LLP Announces Corporate Governance Investigation of Republic Services, Inc. – RSG; 07/05/2018 – REPUBLIC SERVICES TO Baa2 FROM Baa3 BY MOODY’S, OUTLOOK STABLE; 21/04/2018 – DJ Republic Services Inc, Inst Holders, 1Q 2018 (RSG); 18/04/2018 – This Earth Day, Take #1MORE Step to Being a Better Recycler; 07/05/2018 – MOODY’S UPGRADES REPUBLIC SERVICES’ SR UNSECURED RATING TO

Cannell Capital Llc, which manages about $347.86M and $311.17M US Long portfolio, decreased its stake in Points Intl Ltd (NASDAQ:PCOM) by 158,137 shares to 532,071 shares, valued at $5.20M in 2018Q1, according to the filing. It also reduced its holding in Prgx Global Inc (NASDAQ:PRGX) by 248,502 shares in the quarter, leaving it with 661,184 shares, and cut its stake in Exterran Corp.

Investors sentiment increased to 2.23 in Q1 2018. Its up 0.33, from 1.9 in 2017Q4. It is positive, as 13 investors sold LLNW shares while 22 reduced holdings. 19 funds opened positions while 59 raised stakes. 71.10 million shares or 0.48% more from 70.76 million shares in 2017Q4 were reported. Barclays Public Ltd Co reported 27,603 shares. 164,655 were reported by Deutsche Natl Bank Ag. Stone Ridge Asset Management stated it has 0.03% in Limelight Networks, Inc. (NASDAQ:LLNW). Moreover, Manatuck Hill Limited Liability Com has 0.9% invested in Limelight Networks, Inc. (NASDAQ:LLNW) for 412,700 shares. 1.55 million were reported by Cannell. Pinnacle Assoc holds 0% or 17,600 shares. 1.04M are held by Northern Trust. 2.00M are owned by Granahan Mgmt Ma. Wells Fargo Mn, California-based fund reported 133,601 shares. California Public Employees Retirement System, California-based fund reported 337,000 shares. Proshare Limited Liability Corporation holds 0% or 11,725 shares. Grp One Trading Ltd Partnership holds 31,448 shares or 0% of its portfolio. New York State Common Retirement Fund has 201,212 shares. Spark Inv Mngmt Ltd Liability Company has invested 0.06% in Limelight Networks, Inc. (NASDAQ:LLNW). Engineers Gate Manager Lp holds 0.07% in Limelight Networks, Inc. (NASDAQ:LLNW) or 252,474 shares.

Since March 1, 2018, it had 0 insider purchases, and 20 selling transactions for $117.94 million activity. Another trade for 40,000 shares valued at $198,000 was made by LENTO ROBERT A on Friday, June 1. 100,000 shares were sold by Boncel Daniel R, worth $514,000. On Tuesday, March 6 the insider GOLDMAN SACHS GROUP INC sold $58.04 million. Silverman Kurt sold $38,625 worth of stock. The insider PETERSCHMIDT DAVID sold 20,000 shares worth $101,400. Midle Mark J sold $58.04 million worth of Limelight Networks, Inc. (NASDAQ:LLNW) on Tuesday, March 6.

Among 7 analysts covering Limelight Networks (NASDAQ:LLNW), 6 have Buy rating, 1 Sell and 0 Hold. Therefore 86% are positive. Limelight Networks had 16 analyst reports since August 4, 2015 according to SRatingsIntel. The company was maintained on Thursday, October 19 by B. Riley & Co. On Monday, March 5 the stock rating was maintained by FBR Capital with “Buy”. The firm earned “Buy” rating on Thursday, October 19 by Cowen & Co. The firm has “Buy” rating by FBR Capital given on Tuesday, April 17. The stock of Limelight Networks, Inc. (NASDAQ:LLNW) has “Market Perform” rating given on Thursday, September 1 by FBR Capital. The rating was maintained by FBR Capital on Thursday, January 18 with “Buy”. The stock of Limelight Networks, Inc. (NASDAQ:LLNW) earned “Buy” rating by Oppenheimer on Monday, April 16. The firm has “Mkt Perform” rating by FBR Capital given on Tuesday, August 4. FBR Capital maintained the stock with “Buy” rating in Wednesday, December 13 report. Zacks upgraded the stock to “Sell” rating in Friday, August 28 report.

Investors sentiment decreased to 0.87 in 2018 Q1. Its down 0.06, from 0.93 in 2017Q4. It turned negative, as 41 investors sold RSG shares while 203 reduced holdings. 63 funds opened positions while 149 raised stakes. 191.63 million shares or 1.79% less from 195.12 million shares in 2017Q4 were reported. Zeke Cap Advsr Lc invested 0.31% in Republic Services, Inc. (NYSE:RSG). State Of Wisconsin Invest Board holds 0.07% or 373,657 shares. California State Teachers Retirement has invested 0.05% in Republic Services, Inc. (NYSE:RSG). M&T Bancshares Corporation invested in 0.01% or 22,561 shares. Wms Prtnrs Limited Liability Corp holds 0.05% or 6,539 shares in its portfolio. Janney Montgomery Scott Ltd accumulated 25,660 shares. Peloton Wealth Strategists has 47,906 shares for 2.62% of their portfolio. Patten And Patten Incorporated Tn holds 17,660 shares or 0.12% of its portfolio. Burney owns 4,435 shares. Wealthfront invested 0.01% of its portfolio in Republic Services, Inc. (NYSE:RSG). Employees Retirement Association Of Colorado owns 0.02% invested in Republic Services, Inc. (NYSE:RSG) for 40,200 shares. The Illinois-based Oakbrook Invests Ltd has invested 0.07% in Republic Services, Inc. (NYSE:RSG). Laffer Investments has 35,626 shares for 0% of their portfolio. 379,685 are owned by State Board Of Administration Of Florida Retirement Systems. Dnb Asset As reported 30,083 shares or 0% of all its holdings.

Keybank National Association, which manages about $16.94B US Long portfolio, decreased its stake in Dollar Gen Corp New (NYSE:DG) by 8,472 shares to 17,398 shares, valued at $1.63M in 2018Q1, according to the filing. It also reduced its holding in Alps Etf Tr (AMLP) by 217,525 shares in the quarter, leaving it with 25,129 shares, and cut its stake in Sap Se (NYSE:SAP).

Since January 4, 2018, it had 0 buys, and 8 insider sales for $3.02 million activity. $135,760 worth of Republic Services, Inc. (NYSE:RSG) was sold by GOEBEL BRIAN A. Another trade for 9,236 shares valued at $632,192 was made by Vander Ark Jon on Tuesday, March 20. Hughes Jeffrey A also sold $1.10 million worth of Republic Services, Inc. (NYSE:RSG) on Wednesday, May 30. RODRIGUEZ RAMON A also sold $540,836 worth of Republic Services, Inc. (NYSE:RSG) on Friday, February 23.

Among 16 analysts covering Republic Services (NYSE:RSG), 8 have Buy rating, 0 Sell and 8 Hold. Therefore 50% are positive. Republic Services had 43 analyst reports since August 19, 2015 according to SRatingsIntel. The company was initiated on Tuesday, November 1 by Goldman Sachs. The firm has “Buy” rating given on Thursday, May 10 by Argus Research. Barclays Capital upgraded the shares of RSG in report on Tuesday, May 3 to “Overweight” rating. The company was maintained on Friday, August 25 by Oppenheimer. Stifel Nicolaus maintained Republic Services, Inc. (NYSE:RSG) on Monday, August 7 with “Buy” rating. The firm has “Buy” rating given on Tuesday, July 18 by Stifel Nicolaus. Stifel Nicolaus downgraded the stock to “Hold” rating in Wednesday, October 4 report. BMO Capital Markets maintained Republic Services, Inc. (NYSE:RSG) on Friday, October 13 with “Buy” rating. The firm earned “Buy” rating on Thursday, October 5 by Bank of America. Credit Suisse maintained it with “Neutral” rating and $67 target in Monday, November 6 report.

Another recent and important Republic Services, Inc. (NYSE:RSG) news was published by Seekingalpha.com which published an article titled: “Republic Services: One Man’s Waste Disposal Service Is Another Man’s Next Stock Purchase” on May 29, 2018.

Limelight Networks, Inc. (NASDAQ:LLNW) Institutional Positions Chart

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