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.
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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.
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