Harvest Management LLC Holds Holdings in DigitalGlobe, Inc (DGI)
Harvest Management LLC continued to hold its position in shares of DigitalGlobe, Inc (NYSE:DGI) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,000 shares of the technology company’s stock at the close of the 2nd quarter. Harvest Management LLC’s holdings in DigitalGlobe were worth $333,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in shares of DigitalGlobe by 1.4% during the second quarter. Principal Financial Group Inc. now owns 7,697 shares of the technology company’s stock worth $256,000 after buying an additional 110 shares in the last quarter. Prudential Financial Inc. increased its holdings in shares of DigitalGlobe by 3.9% during the second quarter. Prudential Financial Inc. now owns 7,167 shares of the technology company’s stock worth $239,000 after buying an additional 270 shares in the last quarter. Suntrust Banks Inc. increased its holdings in shares of DigitalGlobe by 2.9% during the first quarter. Suntrust Banks Inc. now owns 16,903 shares of the technology company’s stock worth $553,000 after buying an additional 475 shares in the last quarter. Eqis Capital Management Inc. increased its holdings in shares of DigitalGlobe by 6.6% during the second quarter. Eqis Capital Management Inc. now owns 10,483 shares of the technology company’s stock worth $349,000 after buying an additional 649 shares in the last quarter. Finally, Alpha Windward LLC increased its holdings in shares of DigitalGlobe by 4.8% during the second quarter. Alpha Windward LLC now owns 14,400 shares of the technology company’s stock worth $480,000 after buying an additional 660 shares in the last quarter. 96.26% of the stock is owned by institutional investors.
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DigitalGlobe, Inc (NYSE DGI) traded up 0.43% during mid-day trading on Friday, hitting $35.10. 280,763 shares of the stock traded hands. The firm’s 50-day moving average price is $34.45 and its 200-day moving average price is $32.92. The firm has a market cap of $2.18 billion, a P/E ratio of 1032.35 and a beta of 1.01. DigitalGlobe, Inc has a 52 week low of $23.95 and a 52 week high of $35.95.
DigitalGlobe (NYSE:DGI) last issued its quarterly earnings results on Thursday, July 20th. The technology company reported $0.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.07. DigitalGlobe had a net margin of 0.64% and a return on equity of 2.40%. The company had revenue of $225.70 million during the quarter, compared to the consensus estimate of $209.13 million. During the same quarter in the prior year, the firm posted $0.17 EPS. The firm’s quarterly revenue was up 28.6% on a year-over-year basis. On average, equities analysts forecast that DigitalGlobe, Inc will post ($0.08) earnings per share for the current fiscal year.
DGI has been the subject of several recent analyst reports. Piper Jaffray Companies lowered shares of DigitalGlobe from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $37.00 to $34.00 in a report on Friday, July 21st. BidaskClub lowered shares of DigitalGlobe from a “hold” rating to a “sell” rating in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $33.75.
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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