Gilat Satellite Networks Ltd. (GILT) Position Reduced by Edmond DE Rothschild Holding S.A.
Edmond DE Rothschild Holding S.A. lowered its position in shares of Gilat Satellite Networks Ltd. (NASDAQ:GILT) by 4.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,650 shares of the communications equipment provider’s stock after selling 2,031 shares during the period. Edmond DE Rothschild Holding S.A. owned 0.08% of Gilat Satellite Networks worth $413,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the stock. Ramsey Quantitative Systems grew its stake in Gilat Satellite Networks by 4.9% during the fourth quarter. Ramsey Quantitative Systems now owns 65,157 shares of the communications equipment provider’s stock valued at $597,000 after acquiring an additional 3,051 shares in the last quarter. Renaissance Technologies LLC grew its stake in Gilat Satellite Networks by 1.1% during the third quarter. Renaissance Technologies LLC now owns 2,927,633 shares of the communications equipment provider’s stock valued at $25,061,000 after acquiring an additional 33,079 shares in the last quarter. Finally, ETF Managers Group LLC purchased a new position in Gilat Satellite Networks during the fourth quarter valued at approximately $492,000. 16.11% of the stock is owned by institutional investors.
GILT has been the subject of several research analyst reports. BidaskClub lowered shares of Gilat Satellite Networks from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 28th. TheStreet lowered shares of Gilat Satellite Networks from an “a-” rating to a “c” rating in a research report on Monday, January 7th. Finally, ValuEngine lowered shares of Gilat Satellite Networks from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th.
Gilat Satellite Networks (NASDAQ:GILT) last announced its earnings results on Tuesday, February 12th. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter. Gilat Satellite Networks had a net margin of 6.91% and a return on equity of 7.54%. The business had revenue of $69.73 million during the quarter.
Gilat Satellite Networks Profile
Gilat Satellite Networks Ltd., together with its subsidiaries, provides broadband satellite communication (Satcom) network solutions and services worldwide. The company operates through Commercial, Mobility, and Services divisions. The company designs, manufactures, and provides network management and equipment for Satcom, as well as professional services to satellite operators and service providers.
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