DigitalGlobe, Inc (NYSE:DGI) Stake Held by Metropolitan Life Insurance Co. NY
Metropolitan Life Insurance Co. NY continued to hold its position in shares of DigitalGlobe, Inc (NYSE:DGI) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,234 shares of the technology company’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY owned approximately 0.07% of DigitalGlobe worth $1,416,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Ameritas Investment Partners Inc. bought a new position in shares of DigitalGlobe during the first quarter worth about $179,000. Karp Capital Management Corp bought a new position in shares of DigitalGlobe during the first quarter worth about $293,000. Eqis Capital Management Inc. raised its position in shares of 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 in the last quarter. Harvest Management LLC bought a new position in shares of DigitalGlobe during the first quarter worth about $328,000. Finally, KCG Holdings Inc. raised its position in shares of DigitalGlobe by 34.8% in the first quarter. KCG Holdings Inc. now owns 11,285 shares of the technology company’s stock worth $370,000 after buying an additional 2,913 shares in the last quarter. Hedge funds and other institutional investors own 98.71% of the company’s stock.
Shares of DigitalGlobe, Inc (NYSE DGI) opened at 33.40 on Monday. DigitalGlobe, Inc has a one year low of $22.71 and a one year high of $35.95. The firm has a 50-day moving average of $32.62 and a 200-day moving average of $31.56. The firm has a market capitalization of $2.08 billion, a P/E ratio of 982.35 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 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.07. The firm 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 period last year, the company earned $0.17 earnings per share. On average, equities analysts predict that DigitalGlobe, Inc will post ($0.09) earnings per share for the current fiscal year.
A number of equities analysts recently issued reports on DGI shares. BidaskClub upgraded shares of DigitalGlobe from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Piper Jaffray Companies lowered shares of DigitalGlobe from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $37.00 to $34.00 in a research report on Friday. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. DigitalGlobe presently has an average rating of “Hold” and a consensus target price of $32.07.
In related news, insider Jose Torres sold 3,858 shares of DigitalGlobe stock in a transaction dated 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 in the company, valued at $1,257,109.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Warren Jenson sold 32,512 shares of DigitalGlobe stock in a transaction dated Thursday, June 15th. The stock was 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 owns 41,236 shares of the company’s stock, valued at $1,308,418.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 53,070 shares of company stock valued at $1,682,341. Corporate insiders own 2.30% of the company’s stock.
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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