Nationwide Fund Advisors maintained its position in DigitalGlobe Inc. (NYSE:DGI) during the third quarter, Holdings Channel reports. The institutional investor owned 55,490 shares of the company’s stock at the end of the third quarter. Nationwide Fund Advisors owned approximately 0.09% of DigitalGlobe worth $1,526,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Acadian Asset Management LLC increased its position in DigitalGlobe by 661.9% in the third quarter. Acadian Asset Management LLC now owns 88,839 shares of the company’s stock valued at $2,444,000 after buying an additional 77,179 shares in the last quarter. Alpha Windward LLC acquired a new position in shares of DigitalGlobe during the third quarter valued at about $437,000. Eagle Boston Investment Management Inc. boosted its position in shares of DigitalGlobe by 0.8% in the third quarter. Eagle Boston Investment Management Inc. now owns 474,698 shares of the company’s stock valued at $13,054,000 after buying an additional 3,738 shares during the last quarter. First Mercantile Trust Co. boosted its position in shares of DigitalGlobe by 2.6% in the third quarter. First Mercantile Trust Co. now owns 15,395 shares of the company’s stock valued at $423,000 after buying an additional 395 shares during the last quarter. Finally, Eqis Capital Management Inc. acquired a new position in shares of DigitalGlobe during the third quarter valued at about $213,000.
DigitalGlobe Inc. (NYSE:DGI) traded down 0.31% during mid-day trading on Friday, reaching $32.45. 163,380 shares of the company were exchanged. DigitalGlobe Inc. has a 1-year low of $11.80 and a 1-year high of $33.05. The stock has a 50-day moving average of $27.70 and a 200 day moving average of $24.95. The firm has a market capitalization of $2.02 billion, a P/E ratio of 52.17 and a beta of 0.23.
DigitalGlobe (NYSE:DGI) last issued its quarterly earnings results on Tuesday, October 25th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.13. The company had revenue of $181.80 million for the quarter, compared to analyst estimates of $171.92 million. DigitalGlobe had a net margin of 6.28% and a return on equity of 3.71%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.12 earnings per share. Equities research analysts forecast that DigitalGlobe Inc. will post $0.59 earnings per share for the current year.
DGI has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of DigitalGlobe from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Thursday, November 17th. Dougherty & Co raised their price target on shares of DigitalGlobe from $36.00 to $38.00 and gave the company a “buy” rating in a report on Monday, November 14th. Benchmark Co. restated a “hold” rating and issued a $24.00 price target (up from $20.00) on shares of DigitalGlobe in a report on Wednesday, October 26th. Jefferies Group restated a “buy” rating and issued a $30.00 price target on shares of DigitalGlobe in a report on Monday, September 19th. Finally, Piper Jaffray Cos. restated an “overweight” rating and issued a $32.00 price target on shares of DigitalGlobe in a report on Wednesday, August 31st. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $29.38.
DigitalGlobe, Inc is a provider of high-resolution Earth-imagery products and services. The Company’s imagery solutions support a range of users in defense and intelligence, civil agencies, mapping and analysis, environmental monitoring, oil and gas exploration, infrastructure management, Internet portals and navigation technology.