Investment Analysts’ Weekly Ratings Updates for Global Eagle Entertainment (ENT)

A number of firms have modified their ratings and price targets on shares of Global Eagle Entertainment (NASDAQ: ENT) recently:

  • 10/16/2019 – Global Eagle Entertainment was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 10/14/2019 – Global Eagle Entertainment was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “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. “
  • 10/8/2019 – Global Eagle Entertainment was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “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. “
  • 10/2/2019 – Global Eagle Entertainment was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “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. “
  • 9/24/2019 – Global Eagle Entertainment was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “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. “
  • 9/18/2019 – Global Eagle Entertainment was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “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. “
  • 9/4/2019 – Global Eagle Entertainment was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “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. “
  • 8/27/2019 – Global Eagle Entertainment was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “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. “
  • 8/20/2019 – Global Eagle Entertainment was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “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. “

Global Eagle Entertainment stock traded down $0.01 during midday trading on Thursday, reaching $0.67. The stock had a trading volume of 23,373 shares, compared to its average volume of 113,632. Global Eagle Entertainment Inc has a 12 month low of $0.42 and a 12 month high of $2.80. The firm’s 50-day moving average price is $0.74 and its 200 day moving average price is $0.71. The firm has a market capitalization of $65.85 million, a PE ratio of -0.26 and a beta of 1.20.

Global Eagle Entertainment (NASDAQ:ENT) last posted its earnings results on Thursday, August 8th. The company reported ($0.42) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.33) by ($0.09). The business had revenue of $157.47 million during the quarter, compared to analyst estimates of $165.53 million. On average, equities research analysts anticipate that Global Eagle Entertainment Inc will post -1.6 earnings per share for the current fiscal year.

In related news, Director Ronald Steger bought 50,000 shares of Global Eagle Entertainment stock in a transaction on Monday, August 19th. The stock was acquired at an average price of $0.66 per share, with a total value of $33,000.00. Following the acquisition, the director now directly owns 309,379 shares of the company’s stock, valued at $204,190.14. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO David B. Wyshner bought 2,000 shares of Global Eagle Entertainment stock in a transaction on Friday, August 16th. The shares were bought at an average cost of $50.37 per share, with a total value of $100,740.00. Insiders have acquired a total of 102,000 shares of company stock valued at $164,990 in the last ninety days. Insiders own 8.70% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of ENT. Searchlight Capital Partners L.P. grew its holdings in shares of Global Eagle Entertainment by 257.5% during the second quarter. Searchlight Capital Partners L.P. now owns 6,941,707 shares of the company’s stock worth $4,512,000 after purchasing an additional 5,000,000 shares in the last quarter. Tenzing Global Management LLC lifted its position in Global Eagle Entertainment by 46.7% in the second quarter. Tenzing Global Management LLC now owns 1,100,000 shares of the company’s stock valued at $715,000 after purchasing an additional 350,000 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in Global Eagle Entertainment by 103.1% in the second quarter. Jacobs Levy Equity Management Inc. now owns 423,649 shares of the company’s stock valued at $275,000 after purchasing an additional 215,041 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in Global Eagle Entertainment by 2.1% in the second quarter. Wells Fargo & Company MN now owns 1,225,451 shares of the company’s stock valued at $797,000 after purchasing an additional 24,787 shares during the last quarter. 60.23% of the stock is owned by institutional investors.

Global Eagle Entertainment Inc provides media and satellite-based connectivity to enterprise, consumer, and government markets worldwide. The company operates through two segments, Media & Content and Connectivity. The Media & Content buys, produces, manages, distributes, and provides post-production services and wholly-owned and licensed media content, video and music programming, advertising, applications, and video games for and to the airline, maritime, and other away from home non-theatrical markets.

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