What Do Hedge Funds Think of EarthLink Holdings Corp. (ELNK)?

As aggregate interest increased, some big names were breaking ground themselves. McKinley Capital Management, managed by Robert B. Gillam, initiated the most valuable position in EarthLink Holdings Corp. (NASDAQ:ELNK). McKinley Capital Management had $6.9 million invested in the company at the end of the quarter. Glenn Russell Dubin’s Highbridge Capital Management also initiated a $1.7 million position during the quarter. The other funds with brand new ELNK positions are Mike Vranos’s Ellington, Lee Munder’s Lee Munder Capital Group, and Peter Algert and Kevin Coldiron’s Algert Coldiron Investors.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as EarthLink Holdings Corp. (NASDAQ:ELNK) but similarly valued. We will take a look at Aceto Corporation (NASDAQ:ACET), Hanmi Financial Corp (NASDAQ:HAFC), LHC Group, Inc. (NASDAQ:LHCG), and WSFS Financial Corporation (NASDAQ:WSFS). This group of stocks’ market values are closest to ELNK’s market value.

As you can see these stocks had an average of 13.25 hedge funds with bullish positions and the average amount invested in these stocks was $70 million. That figure was $141 million in ELNK’s case. LHC Group, Inc. (NASDAQ:LHCG) is the most popular stock in this table. On the other hand WSFS Financial Corporation (NASDAQ:WSFS) is the least popular one with only 9 bullish hedge fund positions. Compared to these stocks EarthLink Holdings Corp. (NASDAQ:ELNK) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.