Geode Capital Management LLC raised its stake in shares of DigitalGlobe, Inc (NYSE:DGI) by 13.7% during the first quarter, Holdings Channel reports. The fund owned 508,077 shares of the technology company’s stock after buying an additional 61,323 shares during the period. Geode Capital Management LLC’s holdings in DigitalGlobe were worth $16,638,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the stock. Ameritas Investment Partners Inc. acquired a new position in shares of DigitalGlobe during the first quarter valued at approximately $179,000. Karp Capital Management Corp acquired a new position in shares of DigitalGlobe during the first quarter valued at approximately $293,000. Eqis Capital Management Inc. increased its position in shares of DigitalGlobe by 20.1% in the first quarter. Eqis Capital Management Inc. now owns 9,834 shares of the technology company’s stock valued at $322,000 after buying an additional 1,647 shares during the last quarter. Harvest Management LLC acquired a new position in shares of DigitalGlobe during the first quarter valued at approximately $328,000. Finally, Suntrust Banks Inc. increased its position in shares of DigitalGlobe by 2.9% in the first quarter. Suntrust Banks Inc. now owns 16,903 shares of the technology company’s stock valued at $553,000 after buying an additional 475 shares during the last quarter. Institutional investors and hedge funds own 98.71% of the company’s stock.
DigitalGlobe, Inc (NYSE DGI) opened at 33.35 on Wednesday. The company has a market cap of $2.07 billion, a PE ratio of 188.42 and a beta of 1.03. DigitalGlobe, Inc has a 1-year low of $22.71 and a 1-year high of $35.95. The stock’s 50 day moving average price is $32.48 and its 200-day moving average price is $31.54.
DigitalGlobe (NYSE:DGI) last released its quarterly earnings results on Tuesday, May 2nd. The technology company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.02. The firm had revenue of $209.70 million for the quarter, compared to analysts’ expectations of $199.07 million. DigitalGlobe had a net margin of 2.00% and a return on equity of 3.24%. On average, analysts forecast that DigitalGlobe, Inc will post ($0.02) earnings per share for the current year.
COPYRIGHT VIOLATION NOTICE: This story was reported by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this story on another domain, it was illegally stolen and republished in violation of international trademark & copyright legislation. The original version of this story can be viewed at https://stocknewstimes.com/2017/07/19/digitalglobe-inc-dgi-position-raised-by-geode-capital-management-llc.html.
Separately, BidaskClub upgraded DigitalGlobe from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $31.79.
In other DigitalGlobe news, Director Warren Jenson sold 32,512 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $31.73, for a total value of $1,031,605.76. Following the sale, the director now owns 41,236 shares of the company’s stock, valued at $1,308,418.28. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jose Torres sold 3,858 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $31.75, for a total value of $122,491.50. Following the completion of the sale, the insider now directly owns 39,594 shares in the company, valued at approximately $1,257,109.50. The disclosure for this sale can be found here. In the last three months, insiders sold 53,070 shares of company stock worth $1,682,341. 2.30% of the stock is owned by corporate insiders.
DigitalGlobe Company Profile
DigitalGlobe, Inc is a provider of Earth imagery, data and analysis. The Company’s imagery solutions and other services support a range of uses, including mission-planning, mapping and analysis, environmental monitoring, oil and gas exploration and infrastructure management. The Company’s imagery solutions and other services are sourced from its own satellite constellation and third-party providers.
Want to see what other hedge funds are holding DGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DigitalGlobe, Inc (NYSE:DGI).
Receive News & Ratings for DigitalGlobe Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DigitalGlobe Inc and related companies with MarketBeat.com's FREE daily email newsletter.
