Gabelli Funds LLC trimmed its stake in DigitalGlobe, Inc (NYSE:DGI) by 40.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,674 shares of the technology company’s stock after selling 29,227 shares during the quarter. Gabelli Funds LLC owned 0.07% of DigitalGlobe worth $1,540,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its holdings in DigitalGlobe by 1.4% in the second quarter. Principal Financial Group Inc. now owns 7,697 shares of the technology company’s stock worth $256,000 after acquiring an additional 110 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in DigitalGlobe by 6.2% in the second quarter. Public Employees Retirement System of Ohio now owns 3,066 shares of the technology company’s stock worth $102,000 after acquiring an additional 180 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of DigitalGlobe by 3.9% in the second quarter. Prudential Financial Inc. now owns 7,167 shares of the technology company’s stock worth $239,000 after purchasing an additional 270 shares during the last quarter. Eqis Capital Management Inc. raised its stake in shares of DigitalGlobe by 6.6% in the second quarter. Eqis Capital Management Inc. now owns 10,483 shares of the technology company’s stock worth $349,000 after purchasing an additional 649 shares during the last quarter. Finally, Alpha Windward LLC raised its stake in shares of DigitalGlobe by 4.8% in the second quarter. Alpha Windward LLC now owns 14,400 shares of the technology company’s stock worth $480,000 after purchasing an additional 660 shares during the last quarter. 95.54% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have recently weighed in on DGI. Piper Jaffray Companies cut DigitalGlobe from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $37.00 to $34.00 in a research note on Friday, July 21st. BidaskClub cut DigitalGlobe from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $35.83.
DigitalGlobe, Inc (DGI) opened at $34.40 on Wednesday. DigitalGlobe, Inc has a one year low of $23.95 and a one year high of $35.95. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $2,141.43, a price-to-earnings ratio of 88.21 and a beta of 1.22.
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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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