Barclays PLC Has $1.58 Million Stock Position in Globalstar, Inc. (NYSE:GSAT)

Barclays PLC raised its position in Globalstar, Inc. (NYSE:GSAT) by 36.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,270,443 shares of the company’s stock after purchasing an additional 340,476 shares during the period. Barclays PLC owned 0.07% of Globalstar worth $1,575,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. State Street Corp raised its stake in Globalstar by 3.4% during the third quarter. State Street Corp now owns 17,583,625 shares of the company’s stock worth $21,804,000 after buying an additional 580,305 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Globalstar by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,186,012 shares of the company’s stock worth $7,671,000 after acquiring an additional 196,644 shares during the period. FMR LLC raised its position in shares of Globalstar by 32.7% in the 3rd quarter. FMR LLC now owns 4,473,492 shares of the company’s stock worth $5,547,000 after acquiring an additional 1,102,776 shares in the last quarter. XTX Topco Ltd lifted its stake in shares of Globalstar by 3,472.7% in the 3rd quarter. XTX Topco Ltd now owns 976,353 shares of the company’s stock valued at $1,211,000 after purchasing an additional 949,025 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in shares of Globalstar by 26.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 328,298 shares of the company’s stock valued at $407,000 after purchasing an additional 68,599 shares during the period. 18.89% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised Globalstar from a “sell” rating to a “hold” rating in a research note on Monday, November 11th.

Insider Buying and Selling

In related news, Director William A. Hasler sold 90,000 shares of Globalstar stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $1.93, for a total value of $173,700.00. Following the completion of the sale, the director now owns 848,668 shares of the company’s stock, valued at approximately $1,637,929.24. This trade represents a 9.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James Monroe III purchased 530,000 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were acquired at an average price of $1.90 per share, with a total value of $1,007,000.00. Following the purchase, the director now directly owns 6,834,090 shares in the company, valued at $12,984,771. This represents a 8.41 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 2,530,000 shares of company stock valued at $4,937,000 and have sold 3,666,312 shares valued at $8,104,313. 61.00% of the stock is owned by insiders.

Globalstar Stock Up 0.9 %

Shares of GSAT stock opened at $2.15 on Friday. The stock’s 50 day moving average is $2.00. The firm has a market cap of $4.07 billion, a P/E ratio of -71.67 and a beta of 1.10. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 0.91. Globalstar, Inc. has a 52 week low of $1.00 and a 52 week high of $2.74.

Globalstar Profile

GLOBALSTAR INC offers satellite voice and data services to commercial and recreational users in more than 120 countries around the world. Globalstar’s products include mobile and fixed satellite telephones, simplex and duplex satellite data modems and flexible service packages. Many land based and maritime industries benefit from Globalstar with increased productivity from remote areas beyond cellular and landline service.