Gilat Satellite Networks Ltd. (GILT) Position Reduced by Edmond DE Rothschild Holding S.A.
Edmond DE Rothschild Holding S.A. reduced its position in shares of Gilat Satellite Networks Ltd. (NASDAQ:GILT) by 4.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 44,650 shares of the communications equipment provider’s stock after selling 2,031 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Gilat Satellite Networks were worth $413,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of GILT. ETF Managers Group LLC bought a new stake in Gilat Satellite Networks during the 4th quarter valued at $492,000. Renaissance Technologies LLC increased its position in Gilat Satellite Networks by 1.1% during the 3rd quarter. Renaissance Technologies LLC now owns 2,927,633 shares of the communications equipment provider’s stock valued at $25,061,000 after purchasing an additional 33,079 shares during the period. Finally, Ramsey Quantitative Systems increased its position in Gilat Satellite Networks by 4.9% during the 4th quarter. Ramsey Quantitative Systems now owns 65,157 shares of the communications equipment provider’s stock valued at $597,000 after purchasing an additional 3,051 shares during the period. Institutional investors own 16.11% of the company’s stock.
Shares of Gilat Satellite Networks stock opened at $8.88 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.60 and a debt-to-equity ratio of 0.03. The firm has a market cap of $489.96 million, a price-to-earnings ratio of 29.63 and a beta of 0.61. Gilat Satellite Networks Ltd. has a 12-month low of $7.54 and a 12-month high of $10.74.
GILT has been the topic of a number of research analyst reports. BidaskClub downgraded shares of Gilat Satellite Networks from a “buy” rating to a “hold” rating in a research report on Wednesday, December 5th. ValuEngine downgraded shares of Gilat Satellite Networks from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Finally, TheStreet downgraded shares of Gilat Satellite Networks from an “a-” rating to a “c” rating in a research report on Monday, January 7th.
Gilat Satellite Networks Company Profile
Gilat Satellite Networks Ltd., together with its subsidiaries, provides broadband satellite communication (Satcom) network solutions and services worldwide. The company operates through Commercial, Mobility, and Services divisions. The company designs, manufactures, and provides network management and equipment for Satcom, as well as professional services to satellite operators and service providers.
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