A Director at Global Eagle (ENT) is Buying Shares


Today, a Director at Global Eagle (NASDAQ: ENT), Harry Sloan, bought shares of ENT for $397.5K.

Following this transaction Harry Sloan’s holding in the company was increased by 62.81% to a total of $1.28 million. In addition to Harry Sloan, 11 other ENT executives reported Buy trades in the last month.

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Based on Global Eagle’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $156 million and GAAP net loss of $38.28 million. In comparison, last year the company earned revenue of $153 million and had a GAAP net loss of $126 million. Currently, Global Eagle has an average volume of 1.9M.

Three different firms, including Citigroup and Imperial Capital, currently also have a Buy rating on the stock.

The insider sentiment on Global Eagle has been positive according to 38 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Global Eagle Entertainment, Inc. engages in the provision of content, connectivity, and digital media solutions for airlines. It operates through the Media and Content, and Connectivity segments. The Media and Content segment consists of licensing fees paid to acquire content rights for the airline industry.

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