ValuEngine Downgrades Global Eagle Entertainment (NASDAQ:ENT) to Hold

ValuEngine lowered shares of Global Eagle Entertainment (NASDAQ:ENT) from a buy rating to a hold rating in a research report report published on Saturday morning, ValuEngine reports.

Several other research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Global Eagle Entertainment from a buy rating to a hold rating in a research note on Wednesday, May 27th. Needham & Company LLC reaffirmed a hold rating on shares of Global Eagle Entertainment in a research note on Friday, March 20th.

Shares of NASDAQ ENT opened at $4.58 on Friday. The firm has a market capitalization of $14.98 million, a PE ratio of -0.11 and a beta of 1.22. Global Eagle Entertainment has a 1 year low of $1.52 and a 1 year high of $24.00. The firm’s 50-day moving average is $4.38 and its 200-day moving average is $1.61.

An institutional investor recently raised its position in Global Eagle Entertainment stock. Renaissance Technologies LLC lifted its position in Global Eagle Entertainment Inc (NASDAQ:ENT) by 851.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,286 shares of the company’s stock after acquiring an additional 130,915 shares during the period. Renaissance Technologies LLC owned approximately 0.16% of Global Eagle Entertainment worth $73,000 at the end of the most recent quarter.

About Global Eagle Entertainment

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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