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

LBP AM SA grew its holdings in shares of Gilat Satellite Networks Ltd. (NASDAQ:GILT - Free Report) by 83.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 347,268 shares of the communications equipment provider's stock after purchasing an additional 158,468 shares during the period. LBP AM SA owned approximately 0.61% of Gilat Satellite Networks worth $2,136,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. GSA Capital Partners LLP acquired a new stake in Gilat Satellite Networks during the third quarter valued at approximately $140,000. Foundry Partners LLC lifted its position in shares of Gilat Satellite Networks by 1.0% in the 3rd quarter. Foundry Partners LLC now owns 834,230 shares of the communications equipment provider's stock valued at $4,396,000 after acquiring an additional 8,045 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in shares of Gilat Satellite Networks during the third quarter valued at $27,000. PDT Partners LLC lifted its stake in Gilat Satellite Networks by 51.1% in the 3rd quarter. PDT Partners LLC now owns 27,453 shares of the communications equipment provider's stock worth $145,000 after acquiring an additional 9,287 shares in the last quarter. Finally, Clearline Capital LP boosted its position in Gilat Satellite Networks by 510.5% during the 3rd quarter. Clearline Capital LP now owns 99,409 shares of the communications equipment provider's stock worth $524,000 after acquiring an additional 83,127 shares during the period. Institutional investors own 35.72% of the company's stock.

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Gilat Satellite Networks Stock Down 4.0 %

Shares of NASDAQ GILT traded down $0.28 during trading hours on Tuesday, hitting $6.89. The stock had a trading volume of 167,749 shares, compared to its average volume of 279,792. The firm's 50-day moving average price is $7.03 and its two-hundred day moving average price is $5.91. Gilat Satellite Networks Ltd. has a 52 week low of $4.04 and a 52 week high of $8.05. The company has a market capitalization of $392.62 million, a P/E ratio of 15.64 and a beta of 0.62. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.14 and a current ratio of 2.52.

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Needham & Company LLC reissued a "buy" rating and issued a $8.50 price target on shares of Gilat Satellite Networks in a research report on Wednesday, February 26th. StockNews.com downgraded shares of Gilat Satellite Networks from a "strong-buy" rating to a "buy" rating in a research note on Friday, March 7th.

About Gilat Satellite Networks

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.