Global Eagle Entertainment Inc (NASDAQ:ENT) insider Jeffrey A. Leddy acquired 50,000 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was bought at an average price of $1.15 per share, for a total transaction of $57,500.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Global Eagle Entertainment stock traded up $0.01 during mid-day trading on Tuesday, reaching $1.02. 18,438 shares of the company’s stock were exchanged, compared to its average volume of 819,590. The firm has a market cap of $97.91 million, a PE ratio of -0.39 and a beta of 1.35. Global Eagle Entertainment Inc has a twelve month low of $0.50 and a twelve month high of $3.16.

Global Eagle Entertainment (NASDAQ:ENT) last released its earnings results on Tuesday, May 14th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.40) by ($0.01). The business had revenue of $166.62 million for the quarter, compared to the consensus estimate of $156.24 million. Analysts predict that Global Eagle Entertainment Inc will post -1.49 EPS for the current year.

Several equities analysts have recently commented on ENT shares. Northland Securities set a $5.00 price objective on shares of Global Eagle Entertainment and gave the stock a “buy” rating in a report on Tuesday, March 26th. Zacks Investment Research upgraded shares of Global Eagle Entertainment from a “sell” rating to a “hold” rating in a report on Thursday, May 16th. Finally, William Blair lowered shares of Global Eagle Entertainment from a “market perform” rating to an “underperform” rating and set a $1.16 price objective on the stock. in a report on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $3.05.

A number of institutional investors have recently added to or reduced their stakes in ENT. Renaissance Technologies LLC lifted its holdings in Global Eagle Entertainment by 346.8% during the 3rd quarter. Renaissance Technologies LLC now owns 105,000 shares of the company’s stock worth $296,000 after buying an additional 81,500 shares in the last quarter. Frontier Capital Management Co. LLC lifted its holdings in Global Eagle Entertainment by 7.9% during the 4th quarter. Frontier Capital Management Co. LLC now owns 5,651,739 shares of the company’s stock worth $12,603,000 after buying an additional 415,760 shares in the last quarter. BlackRock Inc. lifted its holdings in Global Eagle Entertainment by 0.5% during the 4th quarter. BlackRock Inc. now owns 866,717 shares of the company’s stock worth $1,933,000 after buying an additional 4,306 shares in the last quarter. Two Sigma Securities LLC acquired a new stake in Global Eagle Entertainment during the 4th quarter worth approximately $85,000. Finally, JPMorgan Chase & Co. acquired a new stake in Global Eagle Entertainment during the 1st quarter worth approximately $46,000. Institutional investors own 72.94% of the company’s stock.

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About Global Eagle Entertainment

Global Eagle Entertainment Inc provides media and satellite-based connectivity to enterprise, consumer, and government markets 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.

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