DigitalGlobe, Inc (NYSE:DGI) Position Increased by Bank of Montreal Can
Bank of Montreal Can raised its position in shares of DigitalGlobe, Inc (NYSE:DGI) by 5,816.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 125,420 shares of the technology company’s stock after buying an additional 123,300 shares during the period. Bank of Montreal Can’s holdings in DigitalGlobe were worth $4,177,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in DGI. Norges Bank acquired a new stake in DigitalGlobe during the fourth quarter worth approximately $23,533,000. Leith Wheeler Investment Counsel Ltd. acquired a new stake in DigitalGlobe during the first quarter worth approximately $1,159,000. ARP Americas LLC acquired a new stake in DigitalGlobe during the first quarter worth approximately $3,266,000. Eqis Capital Management Inc. increased its stake in DigitalGlobe by 20.1% in the first quarter. Eqis Capital Management Inc. now owns 9,834 shares of the technology company’s stock worth $322,000 after buying an additional 1,647 shares during the period. Finally, IndexIQ Advisors LLC acquired a new stake in DigitalGlobe during the first quarter worth approximately $1,169,000. 98.39% of the stock is owned by institutional investors.
DigitalGlobe, Inc (NYSE DGI) traded down 0.360% on Friday, hitting $34.575. The stock had a trading volume of 32,849 shares. The stock has a 50-day moving average of $33.12 and a 200-day moving average of $31.84. DigitalGlobe, Inc has a one year low of $23.95 and a one year high of $35.95. The company has a market cap of $2.15 billion, a PE ratio of 1016.912 and a beta of 1.02.
DigitalGlobe (NYSE:DGI) last announced its quarterly earnings data on Thursday, July 20th. The technology company reported $0.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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%. The company’s revenue was up 28.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.17 earnings per share. Equities analysts expect that DigitalGlobe, Inc will post ($0.08) earnings per share for the current fiscal year.
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DGI has been the subject of a number of recent analyst reports. BidaskClub raised DigitalGlobe from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Piper Jaffray Companies downgraded DigitalGlobe from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $37.00 to $34.00 in a report on Friday, July 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $33.75.
In other news, insider Jose Torres sold 3,858 shares of the company’s 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 owns 39,594 shares in the company, valued at $1,257,109.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Walter S. Scott sold 16,200 shares of the company’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $31.62, for a total value of $512,244.00. Following the completion of the sale, the executive vice president now owns 109,037 shares of the company’s stock, valued at approximately $3,447,749.94. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,570 shares of company stock valued at $1,666,341. Insiders own 1.90% of the company’s stock.
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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