Global Eagle Entertainment Inc (NASDAQ:ENT) Stock Price Up as Sentiment Improves

June 15, 2018 - By Dolores Ford

Global Eagle Entertainment Inc. (NASDAQ:ENT) Logo

Sentiment for Global Eagle Entertainment Inc (NASDAQ:ENT)

Global Eagle Entertainment Inc (NASDAQ:ENT) institutional sentiment increased to 0.74 in Q1 2018. Its up 0.03, from 0.71 in 2017Q4. The ratio is more positive, as 26 active investment managers opened new or increased positions, while 35 sold and reduced holdings in Global Eagle Entertainment Inc. The active investment managers in our partner’s database now possess: 68.40 million shares, down from 76.15 million shares in 2017Q4. Also, the number of active investment managers holding Global Eagle Entertainment Inc in their top 10 positions increased from 0 to 1 for an increase of 1. Sold All: 16 Reduced: 19 Increased: 18 New Position: 8.

Global Eagle Entertainment Inc. provides content, connectivity, and digital media solutions for travel industry worldwide. The company has market cap of $252.65 million. The firm operates through two divisions, Connectivity and Content. It currently has negative earnings. The Connectivity segment offers Wi-Fi Internet connectivity through Ku-band satellite transmissions.

The stock increased 7.54% or $0.1946 during the last trading session, reaching $2.7746. About 349,102 shares traded. Global Eagle Entertainment Inc. (NASDAQ:ENT) has declined 37.62% since June 15, 2017 and is downtrending. It has underperformed by 50.19% the S&P500.

Analysts await Global Eagle Entertainment Inc. (NASDAQ:ENT) to report earnings on August, 21. After $-0.42 actual EPS reported by Global Eagle Entertainment Inc. for the previous quarter, Wall Street now forecasts -28.57 % EPS growth.

Stonerise Capital Management Llc holds 2.87% of its portfolio in Global Eagle Entertainment Inc. for 1.22 million shares. Phoenix Investment Adviser Llc owns 273,134 shares or 0.71% of their US portfolio. Moreover, Nantahala Capital Management Llc has 0.6% invested in the company for 9.00 million shares. The Massachusetts-based Par Capital Management Inc has invested 0.47% in the stock. Abrams Capital Management L.P., a Massachusetts-based fund reported 7.00 million shares.

Since January 1, 0001, it had 24 insider buys, and 6 insider sales for $10.54 million activity.

Global Eagle Entertainment Inc. (NASDAQ:ENT) Ratings Coverage

Ratings analysis reveals 50% of Global Eagle’s analysts are positive. Out of 2 Wall Street analysts rating Global Eagle, 1 give it “Buy”, 1 “Sell” rating, while 0 recommend “Hold”. The lowest target is $1 while the high is $4.75. The stock’s average target of $2.88 is 3.80% above today’s ($2.7746) share price. ENT was included in 2 notes of analysts from February 5, 2018. The firm has “Buy” rating given on Monday, February 5 by Northland Capital. The stock of Global Eagle Entertainment Inc. (NASDAQ:ENT) has “Sell” rating given on Monday, March 5 by Citigroup.

Another recent and important Global Eagle Entertainment Inc. (NASDAQ:ENT) news was published by Seekingalpha.com which published an article titled: “Global Eagle up as Northland sees split from Gogo” on May 22, 2018.

Global Eagle Entertainment Inc. (NASDAQ:ENT) Institutional Positions Chart

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