DigitalGlobe, Inc (DGI) Position Lessened by Friedberg Investment Management

Friedberg Investment Management decreased its position in DigitalGlobe, Inc (NYSE:DGI) by 93.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,000 shares of the technology company’s stock after selling 119,150 shares during the period. Friedberg Investment Management’s holdings in DigitalGlobe were worth $266,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in DGI. UBS Asset Management Americas Inc. lifted its holdings in DigitalGlobe by 54.4% in the first quarter. UBS Asset Management Americas Inc. now owns 36,084 shares of the technology company’s stock valued at $1,182,000 after buying an additional 12,715 shares during the period. Karp Capital Management Corp bought a new stake in DigitalGlobe in the first quarter valued at $293,000. Sei Investments Co. increased its stake in DigitalGlobe by 279.5% in the first quarter. Sei Investments Co. now owns 49,597 shares of the technology company’s stock valued at $1,624,000 after purchasing an additional 36,527 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in DigitalGlobe by 1.2% in the first quarter. Parametric Portfolio Associates LLC now owns 114,660 shares of the technology company’s stock valued at $3,755,000 after purchasing an additional 1,394 shares in the last quarter. Finally, Ameritas Investment Partners Inc. bought a new stake in DigitalGlobe in the first quarter valued at $179,000. Institutional investors and hedge funds own 96.28% of the company’s stock.

DGI has been the subject of several research analyst reports. BidaskClub downgraded shares of DigitalGlobe from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Piper Jaffray Companies downgraded shares of DigitalGlobe from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $37.00 to $34.00 in a research report on Friday, July 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. DigitalGlobe has an average rating of “Hold” and an average target price of $33.90.

DigitalGlobe (NYSE:DGI) last announced its earnings results on Thursday, July 20th. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.07. DigitalGlobe had a return on equity of 2.40% and a net margin of 0.64%. The firm had revenue of $225.70 million for the quarter, compared to analyst estimates of $209.13 million. During the same quarter last year, the firm posted $0.17 EPS. The business’s revenue was up 28.6% on a year-over-year basis.

TRADEMARK VIOLATION NOTICE: This story was originally published by BBNS and is owned by of BBNS. If you are viewing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright law. The original version of this story can be viewed at https://baseballnewssource.com/markets/friedberg-investment-management-cuts-holdings-in-digitalglobe-inc-dgi/1702291.html.

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.

Institutional Ownership by Quarter for DigitalGlobe (NYSE:DGI)

Receive News & Ratings for DigitalGlobe Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DigitalGlobe Inc and related companies with our FREE daily email newsletter.

 


Latest News

Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston Astros Relying on Justin Verlander to Save Their Season
Houston Astros Relying on Justin Verlander to Save Their Season
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Aaron Judge and Gary Sanchez Have Break Out Games
Aaron Judge and Gary Sanchez Have Break Out Games
Justin Turner Joining Postseason Legends
Justin Turner Joining Postseason Legends
PED Use Cost Alex Rodriguez Millions and His Reputation
PED Use Cost Alex Rodriguez Millions and His Reputation


Leave a Reply

 
© 2006-2017 BBNS.