Global Eagle Entertainment Inc. (NASDAQ:ENT) enjoyed a 41.86% run-up in share price since hitting record low of $1.72. The stock managed 29.1% rise and now stands at $2.44 as of 11/16/2017. At recent session, the prices were hovering between $1.89 and $2.7. This company shares are 207.38% off its target price of $7.5 and the current market capitalization stands at $213.72M. The recent change has given its price a -14.65% deficit over SMA 50 and -69.69% deficit over its 52-week high. The stock witnessed -25.84% declines, -2.79% declines and -25.84% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found ENT’s volatility during a week at 14.6% and during a month it has been found around 10.33%.Global Eagle Entertainment Inc. (ENT) Top Holders
Institutional investors currently hold around $150 million or 9.78% in ENT stock. Look at its top three institutional owners. Par Capital Management Inc owns $54.77 million in Global Eagle Entertainment Inc., which represents roughly 25.63% of the company’s market cap and approximately 36.52% of the institutional ownership. Similar statistics are true for the second largest owner, Frontier Capital Management Co Llc, which owns 8,321,481 shares of the stock are valued at $15.73 million. The third largest holder is Nantahala Capital Management, Llc, which currently holds $14.23 million worth of this stock and that ownership represents nearly 6.66% of its market capitalization.
At the end of 09/30/2017 reporting period, 41 institutional holders increased their position in Global Eagle Entertainment Inc. (NASDAQ:ENT) by some 4,075,197 shares, 28 decreased positions by 4,091,963 and 18 held positions by 71,408,636. That puts total institutional holdings at 79,575,796 shares, according to SEC filings. The stock grabbed 11 new institutional investments totaling 600,782 shares while 9 institutional investors sold out their entire positions totaling 725,023 shares.Global Eagle Entertainment Inc. (NASDAQ:ENT) Insider Trades
Multiple company employees have indulged in significant insider trading. Global Eagle Entertainment Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Chief Technology Officer Chatterjee Aditya has sold 3,129 shares of Global Eagle Entertainment Inc. (ENT) in trading session dated Aug. 16, 2016. These shares are worth $28,756 and were traded at $9.19 each. The SEC filing shows that Sagansky Jeffrey performed a sale of 3,976 shares. The Director disposed these shares by way of transaction on Mar. 10, 2016. The company’s shares were given away at $9.75 per share worth to an income of some $38,766 on account of Sagansky Jeffrey.
Senior VP, Gen. Counsel & Sec., Itzkowitz Jay, sold 3,770 common shares of Global Eagle Entertainment Inc. (ENT) in the open market. In a transaction dated Nov. 02, 2015, the shares were put up for sale at an average price of $13, raking in a sum of $49,010. After this sale, 5,703 common shares of ENT are directly owned by the insider, with total stake valued at $13,915.
In the transaction dated Feb. 18, 2015, the great number of shares disposed came courtesy the Director; Sagansky Jeffrey disposed a total of 800,000 shares at an average price of $13.1, amounting to approximately $10,480,000. The insider now directly owns 744,816 shares worth $1,817,351.Global Eagle Entertainment Inc. (ENT) Analyst Guide
Several analysts have released their opinion on Global Eagle Entertainment Inc. (NASDAQ:ENT), with 2 analysts believing it is a strong buy. Whereas 3 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 1 strong sell ratings, collectively assigning a 2.67 average brokerage recommendation.