The stock of Global Eagle Entertainment Inc (NASDAQ:ENT) is a huge mover today! The stock increased 3.88% or $0.31 during the last trading session, hitting $8.31. About 1.39 million shares traded hands or 450.19% up from the average. Global Eagle Entertainment Inc (NASDAQ:ENT) has declined 10.81% since February 26, 2016 and is downtrending. It has underperformed by 21.24% the S&P500.
The move comes after 6 months positive chart setup for the $675.62M company. It was reported on Sep, 30 by Barchart.com. We have $11.55 PT which if reached, will make NASDAQ:ENT worth $263.49M more.
Analysts await Global Eagle Entertainment Inc (NASDAQ:ENT) to report earnings on November, 4.
Global Eagle Entertainment Inc (NASDAQ:ENT) Ratings Coverage
Out of 3 analysts covering Global Eagle Entertainment (NASDAQ:ENT), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Global Eagle Entertainment has been the topic of 3 analyst reports since October 8, 2015 according to StockzIntelligence Inc. The rating was initiated by Needham with “Hold” on Tuesday, October 27. The rating was initiated by Evercore with “Buy” on Thursday, October 8. On Wednesday, July 20 the stock rating was maintained by Citigroup with “Buy”.
According to Zacks Investment Research, “Global Eagle Entertainment Inc. offers content and connectivity services for the airline industry. It provides airlines with in-flight video content, e-commerce and information services. Global Eagle Entertainment Inc., formerly known as Global Eagle Acquisition Corp., is headquartered in Los Angeles, California.”
Insitutional Activity: The institutional sentiment decreased to 0.91 in Q2 2016. Its down 0.41, from 1.32 in 2016Q1. The ratio is negative, as 24 funds sold all Global Eagle Entertainment Inc shares owned while 21 reduced positions. 9 funds bought stakes while 32 increased positions. They now own 74.66 million shares or 2.96% less from 76.93 million shares in 2016Q1.
Blackrock Fund has 1.10 million shares for 0% of their US portfolio. Spot Trading Limited Co accumulated 0% or 2,000 shares. The Manitoba – Canada-based Great West Life Assurance Can has invested 0% in Global Eagle Entertainment Inc (NASDAQ:ENT). Royal Bank & Trust Of Canada last reported 0% of its portfolio in the stock. Stevens Cap Mngmt L P has 0.01% invested in the company for 19,734 shares. Moreover, Stonerise Capital Limited Liability Company has 6.45% invested in Global Eagle Entertainment Inc (NASDAQ:ENT) for 1.70M shares. Parametric Assocs Ltd Liability Com last reported 196,183 shares in the company. Tiaa Cref Invest Mgmt Limited Liability last reported 0% of its portfolio in the stock. Millennium Mngmt Limited has invested 0% of its portfolio in Global Eagle Entertainment Inc (NASDAQ:ENT). Teachers Advsrs last reported 71,590 shares in the company. Geode Management Llc last reported 0% of its portfolio in the stock. Renaissance Gp Ltd Liability Com reported 44,717 shares or 0.01% of all its holdings. Rhumbline Advisers holds 53,082 shares or 0% of its portfolio. Brown Advisory, a Maryland-based fund reported 1.72M shares. Td Asset Mngmt Inc owns 35,332 shares or 0% of their US portfolio.
Insider Transactions: Since August 16, 2016, the stock had 0 buys, and 1 sale for $28,756 net activity. $28,756 worth of Global Eagle Entertainment Inc (NASDAQ:ENT) was sold by Chatterjee Aditya.
More notable recent Global Eagle Entertainment Inc (NASDAQ:ENT) news were published by: Globenewswire.com which released: “Global Eagle Entertainment Names Tom Severson Chief Financial Officer” on August 24, 2016, also Streetinsider.com with their article: “Global Eagle Entertainment (ENT) to Acquire Emerging Markets Communications in …” published on May 09, 2016, Globenewswire.com published: “Global Eagle Entertainment to Present at Three Upcoming Investor Conferences” on September 07, 2016. More interesting news about Global Eagle Entertainment Inc (NASDAQ:ENT) were released by: Seekingalpha.com and their article: “Global Eagle Entertainment: Misunderstood Sum-Of-The-Parts Story With …” published on June 30, 2016 as well as Prnewswire.com‘s news article titled: “Global Eagle Entertainment and Hughes Expand 10-Year Relationship to Bring …” with publication date: March 21, 2016.
ENT Company Profile
Global Eagle Entertainment Inc., incorporated on February 2, 2011, is a well-known provider of aircraft connectivity systems, activities solutions and media content to the travel industry. The Company’s divisions include Connectivity and Content. The Company, through its product and services platform, provide airlines with a range of in-flight solutions, including Wireless Fidelity (Wi-Fi), movies, television, music, interactive software, as well as portable in-flight entertainment (IFE) solutions, content management services, e-commerce solutions and original content development. The Firm deploys its connectivity services across the world to the airline industry, with clients and flights located in North America, the Caribbean, Asia, the Middle East, Africa and Europe. It provides content curating and processing services to the airline, maritime, and non-theatrical industries. The Company’s clients also include Hollywood and international studios.
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