Leith Wheeler Investment Counsel Ltd. raised its holdings in shares of DigitalGlobe, Inc (NYSE:DGI) by 30.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,281 shares of the technology company’s stock after purchasing an additional 13,290 shares during the quarter. DigitalGlobe accounts for 0.7% of Leith Wheeler Investment Counsel Ltd.’s portfolio, making the stock its 17th largest position. Leith Wheeler Investment Counsel Ltd. owned 0.09% of DigitalGlobe worth $1,725,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE raised its stake in DigitalGlobe by 441.5% during the 1st quarter. Bank of America Corp DE now owns 323,294 shares of the technology company’s stock valued at $10,588,000 after acquiring an additional 263,589 shares in the last quarter. OMERS ADMINISTRATION Corp raised its stake in shares of DigitalGlobe by 21.0% in the 2nd quarter. OMERS ADMINISTRATION Corp now owns 156,400 shares of the technology company’s stock worth $5,208,000 after buying an additional 27,100 shares in the last quarter. BlackRock Inc. raised its stake in shares of DigitalGlobe by 13,624.9% in the 1st quarter. BlackRock Inc. now owns 5,158,901 shares of the technology company’s stock worth $168,955,000 after buying an additional 5,121,313 shares in the last quarter. CNH Partners LLC grew its holdings in shares of DigitalGlobe by 43.9% in the 2nd quarter. CNH Partners LLC now owns 1,800,665 shares of the technology company’s stock worth $59,962,000 after acquiring an additional 549,679 shares during the last quarter. Finally, IndexIQ Advisors LLC grew its holdings in shares of DigitalGlobe by 52.2% in the 2nd quarter. IndexIQ Advisors LLC now owns 54,322 shares of the technology company’s stock worth $1,809,000 after acquiring an additional 18,622 shares during the last quarter. Institutional investors own 96.27% of the company’s stock.
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Shares of DigitalGlobe, Inc (NYSE DGI) remained flat at $34.40 during mid-day trading on Friday. The company has a 50-day moving average price of $34.65 and a 200-day moving average price of $33.31. The stock has a market capitalization of $2.14 billion, a P/E ratio of 1011.76 and a beta of 1.03. DigitalGlobe, Inc has a one year low of $23.95 and a one year high of $35.95.
DGI has been the topic of a number of recent research reports. Piper Jaffray Companies cut DigitalGlobe from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $37.00 to $34.00 in a report on Friday, July 21st. BidaskClub downgraded DigitalGlobe from a “hold” rating to a “sell” rating in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $36.38.
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.
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