Deutsche Bank AG raised its holdings in shares of Globalstar (NYSEAMERICAN:GSAT) by 229.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,584,868 shares of the Wireless communications provider’s stock after acquiring an additional 1,104,074 shares during the quarter. Deutsche Bank AG owned approximately 0.13% of Globalstar worth $2,074,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of GSAT. American International Group Inc. lifted its stake in shares of Globalstar by 28.8% during the 4th quarter. American International Group Inc. now owns 383,484 shares of the Wireless communications provider’s stock valued at $502,000 after buying an additional 85,652 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Globalstar by 17.2% during the 4th quarter. BlackRock Inc. now owns 42,666,783 shares of the Wireless communications provider’s stock valued at $55,894,000 after buying an additional 6,272,280 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Globalstar by 22.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 458,894 shares of the Wireless communications provider’s stock valued at $601,000 after buying an additional 84,031 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Globalstar by 7.7% during the 4th quarter. Bank of New York Mellon Corp now owns 3,179,733 shares of the Wireless communications provider’s stock valued at $4,165,000 after buying an additional 228,453 shares in the last quarter. Finally, Gardner Lewis Asset Management L P lifted its stake in shares of Globalstar by 34.1% during the 4th quarter. Gardner Lewis Asset Management L P now owns 1,267,825 shares of the Wireless communications provider’s stock valued at $1,661,000 after buying an additional 322,700 shares in the last quarter.

Globalstar stock opened at $0.65 on Friday. Globalstar has a twelve month low of $0.53 and a twelve month high of $2.59.

Globalstar (NYSEAMERICAN:GSAT) last posted its earnings results on Thursday, February 22nd. The Wireless communications provider reported ($0.02) earnings per share for the quarter. Globalstar had a return on equity of 145.71% and a net margin of 172.06%. The business had revenue of $29.43 million during the quarter.

A number of research analysts recently weighed in on GSAT shares. TheStreet cut shares of Globalstar from a “c-” rating to a “d+” rating in a research note on Friday, February 2nd. Morgan Stanley began coverage on shares of Globalstar in a research note on Wednesday, April 11th. They set an “equal weight” rating and a $0.70 target price on the stock.

Globalstar Profile

Globalstar, Inc provides mobile satellite voice and data services worldwide. The company offers duplex two-way voice and data products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational, emergency response, and other applications; fixed voice and data satellite communications services and equipment in rural villages, ships, industrial and commercial sites, and residential sites; and satellite data modem services comprising asynchronous and packet data services.

Institutional Ownership by Quarter for Globalstar (NYSEAMERICAN:GSAT)

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