IHT Wealth Management LLC Continues to Hold Stake in DigitalGlobe, Inc (DGI)

IHT Wealth Management LLC held its stake in shares of DigitalGlobe, Inc (NYSE:DGI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 91 shares of the technology company’s stock at the close of the 2nd quarter. IHT Wealth Management LLC’s holdings in DigitalGlobe were worth $104,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ameritas Investment Partners Inc. purchased a new stake in DigitalGlobe during the first quarter valued at approximately $179,000. Prudential Financial Inc. increased its stake in DigitalGlobe by 3.9% during the 2nd quarter. Prudential Financial Inc. now owns 7,167 shares of the technology company’s stock valued at $239,000 after purchasing an additional 270 shares in the last quarter. Principal Financial Group Inc. increased its stake in DigitalGlobe by 1.4% during the 2nd quarter. Principal Financial Group Inc. now owns 7,697 shares of the technology company’s stock valued at $256,000 after purchasing an additional 110 shares in the last quarter. Karp Capital Management Corp acquired a new position in DigitalGlobe during the 1st quarter valued at approximately $293,000. Finally, Eqis Capital Management Inc. increased its stake in DigitalGlobe by 6.6% during the 2nd quarter. Eqis Capital Management Inc. now owns 10,483 shares of the technology company’s stock valued at $349,000 after purchasing an additional 649 shares in the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have issued reports on DGI shares. BidaskClub lowered shares of DigitalGlobe from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Piper Jaffray Companies lowered shares of DigitalGlobe from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $37.00 to $34.00 in a research note on Friday, July 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. DigitalGlobe currently has a consensus rating of “Hold” and a consensus target price of $33.90.

Shares of DigitalGlobe, Inc (NYSE DGI) remained flat at $34.40 during trading on Friday. The company has a market capitalization of $2.14 billion, a PE ratio of 1011.76 and a beta of 1.03. The stock’s 50-day moving average is $34.59 and its 200-day moving average is $33.24. DigitalGlobe, Inc has a 1-year low of $23.95 and a 1-year high of $35.95.

DigitalGlobe (NYSE:DGI) last announced its quarterly earnings data on Thursday, July 20th. The technology company reported $0.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.07. The business had revenue of $225.70 million for the quarter, compared to analyst estimates of $209.13 million. DigitalGlobe had a net margin of 0.64% and a return on equity of 2.40%. The company’s revenue was up 28.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.17 EPS. Equities analysts anticipate that DigitalGlobe, Inc will post ($0.08) EPS for the current fiscal year.

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DigitalGlobe 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)

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