Global Eagle Entertainment Inc (NASDAQ:ENT) gapped down prior to trading on Friday . The stock had previously closed at $0.88, but opened at $1.04. Global Eagle Entertainment shares last traded at $1.09, with a volume of 2075 shares traded.
A number of research analysts recently commented on ENT shares. Zacks Investment Research raised Global Eagle Entertainment from a “sell” rating to a “hold” rating in a report on Thursday. Northland Securities set a $5.00 price target on Global Eagle Entertainment and gave the company a “buy” rating in a report on Tuesday, March 26th. Finally, William Blair downgraded Global Eagle Entertainment from a “market perform” rating to an “underperform” rating and set a $1.16 price target for the company. in a report on Tuesday, March 19th. One research 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. The stock currently has an average rating of “Hold” and an average price target of $3.05.
The firm has a market cap of $104.86 million, a P/E ratio of -0.42 and a beta of 1.35.
A number of hedge funds and other institutional investors have recently made changes to their positions in ENT. Goldman Sachs Group Inc. raised its stake in Global Eagle Entertainment by 106.9% during the first quarter. Goldman Sachs Group Inc. now owns 4,222,787 shares of the company’s stock valued at $2,996,000 after buying an additional 2,181,834 shares in the last quarter. Frontier Capital Management Co. LLC raised its position in shares of Global Eagle Entertainment by 7.9% during the 4th quarter. Frontier Capital Management Co. LLC now owns 5,651,739 shares of the company’s stock worth $12,603,000 after purchasing an additional 415,760 shares during the period. Renaissance Technologies LLC raised its position in shares of Global Eagle Entertainment by 70.5% during the 1st quarter. Renaissance Technologies LLC now owns 321,010 shares of the company’s stock worth $228,000 after purchasing an additional 132,710 shares during the period. Jacobs Levy Equity Management Inc. raised its position in shares of Global Eagle Entertainment by 116.1% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 208,608 shares of the company’s stock worth $148,000 after purchasing an additional 112,094 shares during the period. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Global Eagle Entertainment during the 1st quarter worth approximately $46,000. Hedge funds and other institutional investors own 72.94% of the company’s stock.
Global Eagle Entertainment Company Profile (NASDAQ:ENT)
Global Eagle Entertainment Inc provides media and satellite-based connectivity to enterprise, consumer, and government markets 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.
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