Lbp Am Sa Has $2.14 Million Position in Gilat Satellite Networks Ltd. (NASDAQ:GILT)

Lbp Am Sa raised its stake in Gilat Satellite Networks Ltd. (NASDAQ:GILT) by 83.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 347,268 shares of the communications equipment provider’s stock after buying an additional 158,468 shares during the period. Lbp Am Sa’s holdings in Gilat Satellite Networks were worth $2,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BNP Paribas Financial Markets bought a new stake in shares of Gilat Satellite Networks in the third quarter valued at about $27,000. Virtu Financial LLC bought a new stake in shares of Gilat Satellite Networks in the third quarter valued at about $61,000. GSA Capital Partners LLP bought a new stake in shares of Gilat Satellite Networks in the third quarter valued at about $140,000. PDT Partners LLC boosted its position in shares of Gilat Satellite Networks by 51.1% in the third quarter. PDT Partners LLC now owns 27,453 shares of the communications equipment provider’s stock valued at $145,000 after acquiring an additional 9,287 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Gilat Satellite Networks in the fourth quarter valued at about $226,000. 35.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GILT. StockNews.com cut shares of Gilat Satellite Networks from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $8.50 price objective on shares of Gilat Satellite Networks in a research report on Wednesday, February 26th.

Gilat Satellite Networks Trading Up 1.6 %

GILT opened at $7.04 on Friday. Gilat Satellite Networks Ltd. has a twelve month low of $4.04 and a twelve month high of $8.05. The company has a 50-day simple moving average of $7.02 and a 200 day simple moving average of $5.89. The company has a quick ratio of 2.14, a current ratio of 2.52 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $401.40 million, a price-to-earnings ratio of 16.00 and a beta of 0.62.

Gilat Satellite Networks (NASDAQ:GILT) last posted its quarterly earnings data on Wednesday, February 12th. The communications equipment provider reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.01. Gilat Satellite Networks had a net margin of 8.14% and a return on equity of 9.74%. Analysts predict that Gilat Satellite Networks Ltd. will post 0.5 EPS for the current fiscal year.

Gilat Satellite Networks Company Profile

Gilat Satellite Networks Ltd., together with its subsidiaries, provides satellite-based broadband communication solutions in Israel, the United States, Peru, and internationally. It operates in three segments: Satellite Networks, Integrated Solutions, and Network Infrastructure and Services. Its portfolio consists of cloud-based satellite network platform, very small aperture terminals, amplifiers, modems, on-the-move antennas, solid state power amplifiers, block upconverters, transceivers, and defense ground systems and field services.