GSA Capital Partners LLP purchased a new position in shares of Intelsat SA (NYSE:I) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 57,168 shares of the technology company’s stock, valued at approximately $269,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in I. PointState Capital LP boosted its stake in shares of Intelsat by 0.9% in the 2nd quarter. PointState Capital LP now owns 3,782,000 shares of the technology company’s stock valued at $11,573,000 after buying an additional 32,000 shares during the period. Northern Trust Corp raised its position in shares of Intelsat by 16.2% during the 2nd quarter. Northern Trust Corp now owns 532,549 shares of the technology company’s stock worth $1,629,000 after acquiring an additional 74,426 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Intelsat by 162.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 373,871 shares of the technology company’s stock worth $1,757,000 after acquiring an additional 231,531 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Intelsat by 9.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 115,009 shares of the technology company’s stock worth $351,000 after acquiring an additional 9,913 shares in the last quarter. Finally, Alta Fundamental Advisers LLC acquired a new stake in shares of Intelsat during the 2nd quarter worth about $301,000. Institutional investors and hedge funds own 36.43% of the company’s stock.
I has been the topic of several research analyst reports. ValuEngine lowered Intelsat from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Jefferies Group reissued a “buy” rating and issued a $5.00 target price on shares of Intelsat in a report on Wednesday, October 4th. Royal Bank of Canada dropped their target price on Intelsat from $6.25 to $6.00 and set an “outperform” rating on the stock in a report on Thursday, October 5th. Zacks Investment Research downgraded Intelsat from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Finally, UBS Group downgraded Intelsat from a “neutral” rating to a “sell” rating and decreased their price target for the company from $3.50 to $3.00 in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Intelsat presently has a consensus rating of “Hold” and a consensus price target of $4.04.
Intelsat SA (NYSE I) opened at $3.08 on Thursday. The firm has a market capitalization of $373.66, a price-to-earnings ratio of 0.64 and a beta of 1.99. Intelsat SA has a 1-year low of $2.63 and a 1-year high of $7.47. The company has a debt-to-equity ratio of -3.83, a current ratio of 1.11 and a quick ratio of 1.11.
Intelsat (NYSE:I) last released its earnings results on Thursday, October 26th. The technology company reported ($0.26) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.30) by $0.04. The business had revenue of $538.80 million during the quarter, compared to analyst estimates of $536.93 million. The business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.65 earnings per share. equities research analysts anticipate that Intelsat SA will post -1 EPS for the current year.
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Intelsat SA operates in satellite services business. The Company provides satellite services to its communications customers around the world. It provides communications services to media companies, fixed and wireless telecommunications operators, data networking service providers for enterprise and mobile applications in the air and on the seas, multinational corporations and Internet service providers (ISPs).
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