Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Here is What Hedge Funds Think About Limelight Networks, Inc. (LLNW)

Consequently, some big names were breaking ground themselves. AQR Capital Management, managed by Cliff Asness, created the most valuable position in Limelight Networks, Inc. (NASDAQ:LLNW). AQR Capital Management had $0.7 million invested in the company at the end of the quarter. Jim Tarantino and Chris Galvin’s Westerly Capital Management also initiated a $0.4 million position during the quarter. The other funds with brand new LLNW positions are Peter Algert and Kevin Coldiron’s Algert Coldiron Investors and Dmitry Balyasny’s Balyasny Asset Management.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Limelight Networks, Inc. (NASDAQ:LLNW) but similarly valued. These stocks are The Phoenix Companies, Inc. (NYSE:PNX), Transenterix Inc (NYSEMKT:TRXC), POZEN Inc. (NASDAQ:POZN), and TransGlobe Energy Corporation (USA) (NASDAQ:TGA). This group of stocks’ market values match LLNW’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
PNX 5 18416 0
TRXC 10 50201 -3
POZN 18 55185 3
TGA 5 2789 -2

As you can see these stocks had an average of 10 hedge funds with bullish positions and the average amount invested in these stocks was $32 million. That figure was $12 million in LLNW’s case. POZEN Inc. (NASDAQ:POZN) is the most popular stock in this table. On the other hand The Phoenix Companies, Inc. (NYSE:PNX) is the least popular one with only 5 bullish hedge fund positions. Limelight Networks, Inc. (NASDAQ:LLNW) is not the most popular stock in this group, but hedge fund interest is still above average. This is a slightly positive signal, but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard POZN might be a better candidate to consider a long position.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading...