DigitalGlobe, Inc (DGI) Position Increased by UBS Asset Management Americas Inc.
UBS Asset Management Americas Inc. boosted its stake in shares of DigitalGlobe, Inc (NYSE:DGI) by 22.0% during the third quarter, Holdings Channel reports. The fund owned 43,169 shares of the company’s stock after buying an additional 7,771 shares during the period. UBS Asset Management Americas Inc. owned about 0.07% of DigitalGlobe worth $1,187,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the stock. Prudential Financial Inc. increased its stake in shares of DigitalGlobe by 66.5% in the second quarter. Prudential Financial Inc. now owns 86,847 shares of the company’s stock valued at $1,858,000 after buying an additional 34,700 shares during the last quarter. Columbus Circle Investors purchased a new stake in shares of DigitalGlobe during the second quarter valued at approximately $15,214,000. First Mercantile Trust Co. purchased a new stake in shares of DigitalGlobe during the second quarter valued at approximately $321,000. Wedge Capital Management L L P NC purchased a new stake in shares of DigitalGlobe during the second quarter valued at approximately $268,000. Finally, Rockefeller Financial Services Inc. increased its stake in shares of DigitalGlobe by 17.1% in the third quarter. Rockefeller Financial Services Inc. now owns 468,536 shares of the company’s stock valued at $12,885,000 after buying an additional 68,334 shares during the last quarter.
Shares of DigitalGlobe, Inc (NYSE:DGI) traded up 1.38% on Friday, reaching $29.45. 124,095 shares of the company traded hands. DigitalGlobe, Inc has a one year low of $11.80 and a one year high of $33.05. The company has a market capitalization of $1.83 billion, a PE ratio of 47.35 and a beta of 0.27. The firm has a 50-day moving average price of $30.38 and a 200 day moving average price of $27.14.
DigitalGlobe (NYSE:DGI) last issued its quarterly earnings results on Tuesday, October 25th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.13. The firm had revenue of $181.80 million for the quarter, compared to the consensus estimate of $171.92 million. DigitalGlobe had a net margin of 6.28% and a return on equity of 3.71%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.12 EPS. Equities analysts forecast that DigitalGlobe, Inc will post $0.57 EPS for the current fiscal year.
DGI has been the subject of several recent analyst reports. Jefferies Group reaffirmed a “buy” rating and issued a $30.00 target price on shares of DigitalGlobe in a research note on Monday, September 19th. Zacks Investment Research raised shares of DigitalGlobe from a “hold” rating to a “strong-buy” rating and set a $28.00 price objective for the company in a research report on Thursday, October 27th. Benchmark Co. reissued a “hold” rating and set a $24.00 price objective (up previously from $20.00) on shares of DigitalGlobe in a research report on Wednesday, October 26th. Finally, Dougherty & Co increased their price objective on shares of DigitalGlobe from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, November 14th. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. DigitalGlobe has an average rating of “Buy” and a consensus price target of $29.00.
In other news, EVP Walter S. Scott sold 992 shares of the business’s stock in a transaction that occurred on Thursday, January 5th. The shares were sold at an average price of $30.05, for a total value of $29,809.60. Following the transaction, the executive vice president now owns 69,733 shares in the company, valued at approximately $2,095,476.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is currently owned by insiders.
DigitalGlobe Company Profile
DigitalGlobe, Inc is a provider of high-resolution Earth-imagery products and services. The Company’s imagery solutions support a range of users in defense and intelligence, civil agencies, mapping and analysis, environmental monitoring, oil and gas exploration, infrastructure management, Internet portals and navigation technology.
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