The ProShare Advisors LLC Sells 2,833 Shares of DigitalGlobe Inc (DGI)

The ProShare Advisors LLC Sells 2,833 Shares of DigitalGlobe Inc (DGI)

A number of other hedge funds have also recently made changes to their positions in the company. Weiss Asset Management LP purchased a new stake in shares of DigitalGlobe during the third quarter valued at about $234,000. O Shaughnessy Asset Management LLC increased its stake in DigitalGlobe by 22.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 10,372 shares of the technology company’s stock valued at $297,000 after buying an additional 1,876 shares in the last quarter. Bayesian Capital Management LP increased its stake in DigitalGlobe by 14.7% in the fourth quarter. Bayesian Capital Management LP now owns 10,939 shares of the technology company’s stock valued at $313,000 after buying an additional 1,400 shares in the last quarter. Capstone Investment Advisors LLC bought a new stake in DigitalGlobe during the fourth quarter valued at $484,000. Finally, A.R.T. Advisors LLC increased its stake in DigitalGlobe by 227.5% in the fourth quarter. A.R.T. Advisors LLC now owns 26,200 shares of the technology company’s stock valued at $750,000 after buying an additional 18,200 shares in the last quarter.

ProShare Advisors LLC reduced its stake in DigitalGlobe Inc (NYSE:DGI) by 27.1% during the first quarter, Holdings Channel reports. The fund owned 7,630 shares of the technology company’s stock after selling 2,833 shares during the period. ProShare Advisors LLC’s holdings in DigitalGlobe were worth $250,000 at the end of the most recent quarter.

DigitalGlobe Inc (NYSE DGI) opened at 31.60 on Monday. The company’s 50 day moving average is $31.91 and its 200 day moving average is $31.17. DigitalGlobe Inc has a 52-week low of $19.44 and a 52-week high of $35.95. The firm has a market cap of $1.96 billion, a P/E ratio of 178.53 and a beta of 0.33.

DigitalGlobe (NYSE:DGI) last announced its quarterly earnings data on Tuesday, May 2nd. The technology company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.02. DigitalGlobe had a net margin of 6.28% and a return on equity of 3.71%. The company had revenue of $209.70 million during the quarter, compared to analyst estimates of $199.07 million. Equities research analysts forecast that DigitalGlobe Inc will post ($0.02) EPS for the current fiscal year.

Several analysts have recently weighed in on DGI shares. Dougherty & Co downgraded shares of DigitalGlobe from a “buy” rating to a “neutral” rating in a research note on Monday, February 27th. Chardan Capital reaffirmed a “neutral” rating and set a $35.00 price target on shares of DigitalGlobe in a research note on Tuesday, February 21st. Finally, Jefferies Group LLC decreased their price target on shares of DigitalGlobe from $44.00 to $38.50 and set a “buy” rating for the company in a research note on Wednesday, March 1st. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $31.79. In related news, Director Howell M. Estes sold 4,500 shares of the firm’s stock in a transaction dated Friday, April 7th. The shares were sold at an average price of $32.92, for a total value of $148,140.00. Following the completion of the sale, the director now owns 62,363 shares in the company, valued at $2,052,989.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 5,500 shares of company stock valued at $180,390 in the last quarter. Company insiders own 1.90% of the company’s stock.

About DigitalGlobe 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “DGI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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