The stock of Global Eagle Entertainment Inc (NASDAQ:ENT) is a huge mover today! The stock increased 6.65% or $0.5 during the last trading session, hitting $8.02. About 411,385 shares traded hands or 38.69% up from the average. Global Eagle Entertainment Inc (NASDAQ:ENT) has declined 8.29% since April 5, 2016 and is downtrending. It has underperformed by 10.25% the S&P500.
The move comes after 7 months positive chart setup for the $670.79 million company. It was reported on Nov, 7 by Barchart.com. We have $9.70 PT which if reached, will make NASDAQ:ENT worth $140.87M more.
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. On Thursday, October 8 the stock rating was initiated by Evercore with “Buy”. The firm earned “Buy” rating on Wednesday, July 20 by Citigroup. The stock of Global Eagle Entertainment Inc (NASDAQ:ENT) has “Hold” rating given on Tuesday, October 27 by Needham.
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 2016 Q2. Its down 0.41, from 1.32 in 2016Q1. The ratio worsened, 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.
Invesco Limited holds 0% or 28,476 shares in its portfolio. Ionic Cap Ltd Liability Corp accumulated 21,898 shares or 0.01% of the stock. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% of its portfolio in Global Eagle Entertainment Inc (NASDAQ:ENT). Walleye Trading Lc has 0% invested in the company for 1,304 shares. Royal Bank Of Canada accumulated 0% or 755 shares. Blackrock Fund Advsrs has 0% invested in the company for 1.10 million shares. California State Teachers Retirement Sys holds 0% of its portfolio in Global Eagle Entertainment Inc (NASDAQ:ENT) for 98,172 shares. Clinton Grp has invested 0.01% of its portfolio in Global Eagle Entertainment Inc (NASDAQ:ENT). Nationwide Fund Advisors, a Pennsylvania-based fund reported 29,894 shares. Metropolitan Life Ins Ny reported 38,705 shares or 0% of all its holdings. Jpmorgan Chase & has 0% invested in the company for 6,513 shares. Moreover, Manufacturers Life The has 0% invested in Global Eagle Entertainment Inc (NASDAQ:ENT) for 34,081 shares. Citigroup Incorporated last reported 0% of its portfolio in the stock. Rhumbline Advisers last reported 53,082 shares in the company. Schwab Charles Investment Mgmt holds 0% or 192,974 shares in its portfolio.
Insider Transactions: Since August 16, 2016, the stock had 0 insider 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 and Air China Launch Landmark Connectivity Trial” on November 01, 2016, also Globenewswire.com with their article: “Global Eagle Entertainment Inc. Schedules Third Quarter 2016 Earnings Release …” published on October 27, 2016, Streetinsider.com published: “Global Eagle Entertainment (ENT) to Acquire Emerging Markets Communications in …” on May 09, 2016. More interesting news about Global Eagle Entertainment Inc (NASDAQ:ENT) were released by: Reuters.com and their article: “BRIEF-Global Eagle Entertainment appoints Tom Severson as CFO” published on August 24, 2016 as well as Globenewswire.com‘s news article titled: “Global Eagle Entertainment Inc. Schedules Second Quarter 2016 Earnings Release …” with publication date: July 20, 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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