Global Eagle Entertainment Inc (ENT) EVP Per Noren Buys 5,713 Shares

Global Eagle Entertainment Inc (NASDAQ:ENT) EVP Per Noren bought 5,713 shares of the company’s stock in a transaction that occurred on Thursday, May 24th. The shares were acquired at an average cost of $1.96 per share, with a total value of $11,197.48. Following the transaction, the executive vice president now owns 179,360 shares in the company, valued at approximately $351,545.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

ENT traded up $0.02 on Friday, reaching $1.99. 677,546 shares of the company’s stock were exchanged, compared to its average volume of 972,561. The company has a market cap of $179.38 million, a PE ratio of -1.01 and a beta of 1.72. Global Eagle Entertainment Inc has a twelve month low of $0.87 and a twelve month high of $3.84. The company has a debt-to-equity ratio of -20.53, a quick ratio of 1.32 and a current ratio of 1.46.

Global Eagle Entertainment (NASDAQ:ENT) last posted its earnings results on Tuesday, May 15th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.40) by ($0.02). The business had revenue of $156.50 million for the quarter, compared to analyst estimates of $158.10 million. Global Eagle Entertainment had a negative return on equity of 370.92% and a negative net margin of 43.28%. sell-side analysts predict that Global Eagle Entertainment Inc will post -1.25 earnings per share for the current year.



A number of institutional investors and hedge funds have recently bought and sold shares of ENT. Phoenix Investment Adviser LLC grew its position in Global Eagle Entertainment by 24.7% in the first quarter. Phoenix Investment Adviser LLC now owns 273,134 shares of the company’s stock valued at $402,000 after acquiring an additional 54,034 shares in the last quarter. First Mercantile Trust Co. grew its position in Global Eagle Entertainment by 97.0% in the first quarter. First Mercantile Trust Co. now owns 89,923 shares of the company’s stock valued at $132,000 after acquiring an additional 44,275 shares in the last quarter. Millennium Management LLC grew its position in Global Eagle Entertainment by 1,125.4% in the first quarter. Millennium Management LLC now owns 178,314 shares of the company’s stock valued at $262,000 after acquiring an additional 163,762 shares in the last quarter. Finally, Sound Point Capital Management LP acquired a new stake in Global Eagle Entertainment in the first quarter valued at approximately $3,921,000. 80.16% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently issued reports on ENT. Zacks Investment Research raised shares of Global Eagle Entertainment from a “hold” rating to a “buy” rating and set a $2.00 target price for the company in a research report on Tuesday. ValuEngine raised shares of Global Eagle Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Finally, William Blair reissued a “market perform” rating on shares of Global Eagle Entertainment in a research report on Monday, April 9th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $2.00.

Global Eagle Entertainment Company Profile

Global Eagle Entertainment Inc provides content, connectivity, and digital media solutions for travel industry 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.

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

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