Global Eagle Entertainment Inc (NASDAQ:ENT) insider Jeffrey A. Leddy bought 400,000 shares of Global Eagle Entertainment stock in a transaction dated Friday, June 7th. The shares were bought at an average cost of $0.54 per share, for a total transaction of $216,000.00. Following the completion of the transaction, the insider now owns 1,249,284 shares of the company’s stock, valued at approximately $674,613.36. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

NASDAQ ENT opened at $0.65 on Thursday. Global Eagle Entertainment Inc has a 12-month low of $0.42 and a 12-month high of $3.16. The firm has a market capitalization of $51.76 million, a price-to-earnings ratio of -0.25 and a beta of 1.32.

Global Eagle Entertainment (NASDAQ:ENT) last released its quarterly earnings results on Tuesday, May 14th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.40) by ($0.01). The business had revenue of $166.62 million for the quarter, compared to analyst estimates of $156.24 million. As a group, sell-side analysts anticipate that Global Eagle Entertainment Inc will post -1.5 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the company. Jane Street Group LLC acquired a new stake in shares of Global Eagle Entertainment during the first quarter worth $27,000. JPMorgan Chase & Co. acquired a new stake in shares of Global Eagle Entertainment during the first quarter worth $46,000. ExodusPoint Capital Management LP lifted its stake in shares of Global Eagle Entertainment by 126.0% during the first quarter. ExodusPoint Capital Management LP now owns 100,893 shares of the company’s stock worth $72,000 after buying an additional 56,242 shares during the period. Two Sigma Securities LLC acquired a new stake in shares of Global Eagle Entertainment during the fourth quarter worth $85,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Global Eagle Entertainment by 14.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 187,713 shares of the company’s stock worth $134,000 after buying an additional 23,269 shares during the period. Institutional investors and hedge funds own 74.11% of the company’s stock.

A number of brokerages have recently commented on ENT. Zacks Investment Research raised shares of Global Eagle Entertainment from a “sell” rating to a “hold” rating in a research report on Thursday, May 16th. Northland Securities set a $5.00 price objective on shares of Global Eagle Entertainment and gave the company a “buy” rating in a report on Tuesday, March 26th. 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 analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Global Eagle Entertainment currently has an average rating of “Hold” and an average target price of $3.05.

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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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Insider Buying and Selling by Quarter for Global Eagle Entertainment (NASDAQ:ENT)

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