Laurion Capital Management LP trimmed its holdings in shares of Global Eagle Entertainment Inc (NASDAQ:ENT) by 74.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,496 shares of the company’s stock after selling 182,475 shares during the quarter. Laurion Capital Management LP owned 0.07% of Global Eagle Entertainment worth $160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in ENT. Fortaleza Asset Management Inc. purchased a new position in Global Eagle Entertainment during the 2nd quarter worth $100,000. Engineers Gate Manager LP purchased a new position in Global Eagle Entertainment during the 2nd quarter worth $153,000. Bronfman E.L. Rothschild L.P. lifted its position in Global Eagle Entertainment by 226.1% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 75,000 shares of the company’s stock worth $189,000 after acquiring an additional 52,000 shares during the period. LMR Partners LLP acquired a new stake in Global Eagle Entertainment during the 2nd quarter worth about $232,000. Finally, Millennium Management LLC lifted its position in Global Eagle Entertainment by 1,125.4% during the 1st quarter. Millennium Management LLC now owns 178,314 shares of the company’s stock worth $262,000 after acquiring an additional 163,762 shares during the period. Hedge funds and other institutional investors own 72.16% of the company’s stock.

A number of analysts have commented on the company. Zacks Investment Research cut Global Eagle Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday, June 5th. BidaskClub raised Global Eagle Entertainment from a “hold” rating to a “buy” rating in a research report on Saturday, June 23rd. Finally, ValuEngine cut Global Eagle Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $3.25.

Shares of ENT opened at $2.26 on Monday. Global Eagle Entertainment Inc has a one year low of $0.87 and a one year high of $3.59. The company has a quick ratio of 0.82, a current ratio of 0.96 and a debt-to-equity ratio of -8.01.

Global Eagle Entertainment (NASDAQ:ENT) last issued its quarterly earnings data on Thursday, August 9th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.30) by ($0.20). The company had revenue of $165.96 million during the quarter, compared to analyst estimates of $161.11 million. Global Eagle Entertainment had a negative net margin of 42.86% and a negative return on equity of 370.92%. research analysts forecast that Global Eagle Entertainment Inc will post -1.47 EPS for the current fiscal year.

Global Eagle Entertainment Profile

Global Eagle Entertainment Inc provides content, connectivity, and digital media solutions for travel industry worldwide. The company operates through two segments, Media & Content and Connectivity. The Media & Content buys, produces, manages, distributes, and provides post-production services and wholly-owned and licensed media content, video and music programming, advertising, applications, and video games for and to the airline, maritime, and other away from home non-theatrical markets.

Further Reading: Hedge Funds – Risk or Reward?

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Institutional Ownership by Quarter for Global Eagle Entertainment (NASDAQ:ENT)

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