Bank of America Corp DE Increases Position in DigitalGlobe, Inc (NYSE:DGI)

Bank of America Corp DE raised its stake in shares of DigitalGlobe, Inc (NYSE:DGI) by 441.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 323,294 shares of the technology company’s stock after buying an additional 263,589 shares during the period. Bank of America Corp DE owned approximately 0.52% of DigitalGlobe worth $10,588,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Ameritas Investment Partners Inc. acquired a new stake in shares of DigitalGlobe during the first quarter valued at about $179,000. Karp Capital Management Corp acquired a new stake in shares of DigitalGlobe during the first quarter valued at about $293,000. Eqis Capital Management Inc. boosted its stake 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 in the last quarter. Harvest Management LLC acquired a new stake in shares of DigitalGlobe during the first quarter valued at about $328,000. Finally, KCG Holdings Inc. boosted its stake in shares of DigitalGlobe by 34.8% in the first quarter. KCG Holdings Inc. now owns 11,285 shares of the technology company’s stock valued at $370,000 after buying an additional 2,913 shares in the last quarter. 98.71% of the stock is owned by institutional investors.

DigitalGlobe, Inc (NYSE:DGI) opened at 33.50 on Thursday. The firm has a 50-day moving average of $32.55 and a 200 day moving average of $31.55. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 189.27 and a beta of 1.03. DigitalGlobe, Inc has a 12-month low of $22.71 and a 12-month high of $35.95.

DigitalGlobe (NYSE:DGI) last issued its quarterly earnings results on Tuesday, May 2nd. The technology company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 3.24% and a net margin of 2.00%. On average, equities analysts predict that DigitalGlobe, Inc will post ($0.02) EPS for the current year.

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Separately, BidaskClub raised shares of DigitalGlobe from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $31.79.

In other news, Director Warren Jenson sold 32,512 shares of DigitalGlobe stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $31.73, for a total transaction of $1,031,605.76. Following the completion of the sale, the director now directly owns 41,236 shares in the company, valued at $1,308,418.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jose Torres sold 3,858 shares of DigitalGlobe stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $31.75, for a total transaction of $122,491.50. Following the sale, the insider now owns 39,594 shares of the company’s stock, valued at $1,257,109.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 53,070 shares of company stock valued at $1,682,341. Insiders own 1.90% of the company’s stock.

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.

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