SG Americas Securities LLC Increases Position in DigitalGlobe, Inc (DGI)
SG Americas Securities LLC increased its stake in shares of DigitalGlobe, Inc (NYSE:DGI) by 30.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 79,382 shares of the technology company’s stock after buying an additional 18,678 shares during the period. SG Americas Securities LLC owned approximately 0.13% of DigitalGlobe worth $2,643,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DGI. Bank of America Corp DE raised its position in DigitalGlobe by 441.5% in the first quarter. Bank of America Corp DE now owns 323,294 shares of the technology company’s stock valued at $10,588,000 after buying an additional 263,589 shares in the last quarter. BlackRock Inc. raised its position in DigitalGlobe by 13,624.9% in the first quarter. BlackRock Inc. now owns 5,158,901 shares of the technology company’s stock valued at $168,955,000 after buying an additional 5,121,313 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new position in DigitalGlobe during the first quarter valued at $4,235,000. Harvest Management LLC bought a new position in DigitalGlobe during the first quarter valued at $328,000. Finally, UBS Asset Management Americas Inc. raised its position in DigitalGlobe by 54.4% in the first quarter. UBS Asset Management Americas Inc. now owns 36,084 shares of the technology company’s stock valued at $1,182,000 after buying an additional 12,715 shares in the last quarter. Hedge funds and other institutional investors own 97.27% of the company’s stock.
Shares of DigitalGlobe, Inc (NYSE:DGI) opened at 34.05 on Thursday. The company has a market capitalization of $2.12 billion, a P/E ratio of 1001.47 and a beta of 1.02. The firm has a 50-day moving average of $33.88 and a 200 day moving average of $32.44. DigitalGlobe, Inc has a 52-week low of $23.95 and a 52-week high of $35.95.
DigitalGlobe (NYSE:DGI) last released its quarterly earnings results on Thursday, July 20th. The technology company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.07. The business had revenue of $225.70 million during the quarter, compared to analyst estimates of $209.13 million. DigitalGlobe had a return on equity of 2.40% and a net margin of 0.64%. DigitalGlobe’s quarterly revenue was up 28.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.17 EPS. On average, analysts anticipate that DigitalGlobe, Inc will post ($0.08) EPS for the current year.
DGI has been the topic of several research reports. BidaskClub lowered shares of DigitalGlobe from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Piper Jaffray Companies lowered shares of DigitalGlobe from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $37.00 to $34.00 in a research note on Friday, July 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. DigitalGlobe presently has an average rating of “Hold” and a consensus target price of $33.75.
In related news, insider Jose Torres sold 3,858 shares of the stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $31.75, for a total value of $122,491.50. Following the completion of the sale, the insider now directly owns 39,594 shares of the company’s stock, valued at approximately $1,257,109.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Warren Jenson sold 32,512 shares of the stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $31.73, for a total value of $1,031,605.76. Following the completion of the sale, the director now directly owns 41,236 shares of the company’s stock, valued at $1,308,418.28. The disclosure for this sale can be found here. Insiders sold a total of 52,570 shares of company stock valued at $1,666,341 over the last three months. 2.30% of the stock is currently owned by insiders.
DigitalGlobe Company Profile
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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