Douglas Lane & Associates LLC reduced its stake in shares of DigitalGlobe Inc. (NYSE:DGI) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,808,658 shares of the company’s stock after selling 2,775 shares during the period. Douglas Lane & Associates LLC’s holdings in DigitalGlobe were worth $38,687,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its position in DigitalGlobe by 60.7% in the first quarter. Renaissance Technologies LLC now owns 685,175 shares of the company’s stock valued at $11,854,000 after buying an additional 258,820 shares during the period. JPMorgan Chase & Co. increased its position in DigitalGlobe by 11.9% in the first quarter. JPMorgan Chase & Co. now owns 1,446,875 shares of the company’s stock valued at $25,031,000 after buying an additional 153,522 shares during the period. Spark Investment Management LLC increased its position in DigitalGlobe by 44.7% in the first quarter. Spark Investment Management LLC now owns 356,000 shares of the company’s stock valued at $6,158,000 after buying an additional 110,000 shares during the period. Kennedy Capital Management Inc. increased its position in DigitalGlobe by 66.7% in the first quarter. Kennedy Capital Management Inc. now owns 200,000 shares of the company’s stock valued at $3,460,000 after buying an additional 80,000 shares during the period. Finally, Loomis Sayles & Co. L P increased its position in DigitalGlobe by 13.4% in the first quarter. Loomis Sayles & Co. L P now owns 676,211 shares of the company’s stock valued at $11,698,000 after buying an additional 79,806 shares during the period.

DigitalGlobe Inc. (NYSE:DGI) traded up 3.21% on Monday, hitting $25.38. 292,078 shares of the stock were exchanged. The firm has a market cap of $1.59 billion, a PE ratio of 48.44 and a beta of 0.38. The company has a 50-day moving average price of $26.85 and a 200-day moving average price of $21.77. DigitalGlobe Inc. has a 52-week low of $11.80 and a 52-week high of $28.33.

DigitalGlobe (NYSE:DGI) last released its earnings results on Thursday, July 28th. The company reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.11. The company had revenue of $175.50 million for the quarter, compared to analysts’ expectations of $168.71 million. DigitalGlobe had a return on equity of 3.18% and a net margin of 5.54%. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.09 EPS. On average, equities research analysts anticipate that DigitalGlobe Inc. will post $0.42 EPS for the current fiscal year.

Several equities analysts recently commented on DGI shares. Zacks Investment Research downgraded shares of DigitalGlobe from a “buy” rating to a “hold” rating in a research note on Thursday, July 14th. Piper Jaffray Cos. restated an “overweight” rating and issued a $32.00 price target on shares of DigitalGlobe in a research note on Wednesday, August 31st. Dougherty & Co upped their price target on shares of DigitalGlobe from $33.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, July 29th. Jefferies Group restated a “buy” rating and issued a $30.00 price target on shares of DigitalGlobe in a research note on Tuesday, September 13th. Finally, JPMorgan Chase & Co. upped their price target on shares of DigitalGlobe from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Friday, July 29th. Six research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $27.25.

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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