Renaissance Technologies LLC increased its holdings in shares of Intelsat (NYSE:I) by 77.6% in the 4th quarter, HoldingsChannel reports. The firm owned 1,055,355 shares of the technology company’s stock after acquiring an additional 461,155 shares during the period. Renaissance Technologies LLC’s holdings in Intelsat were worth $3,578,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. California Public Employees Retirement System grew its holdings in Intelsat by 35.3% during the 4th quarter. California Public Employees Retirement System now owns 419,308 shares of the technology company’s stock valued at $1,421,000 after buying an additional 109,447 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Intelsat by 162.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 373,871 shares of the technology company’s stock valued at $1,757,000 after buying an additional 231,531 shares in the last quarter. Strs Ohio grew its holdings in Intelsat by 56.9% during the 4th quarter. Strs Ohio now owns 197,100 shares of the technology company’s stock valued at $668,000 after buying an additional 71,500 shares in the last quarter. Citadel Advisors LLC grew its holdings in Intelsat by 335.1% during the 4th quarter. Citadel Advisors LLC now owns 141,771 shares of the technology company’s stock valued at $481,000 after buying an additional 109,184 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Intelsat by 17.0% during the 3rd quarter. Wells Fargo & Company MN now owns 97,043 shares of the technology company’s stock valued at $456,000 after buying an additional 14,066 shares in the last quarter. Hedge funds and other institutional investors own 36.86% of the company’s stock.
Several research firms have weighed in on I. ValuEngine upgraded Intelsat from a “hold” rating to a “buy” rating in a report on Monday, April 9th. Barclays set a $5.00 price target on Intelsat and gave the company a “hold” rating in a report on Saturday, March 17th. JPMorgan Chase upgraded Intelsat from an “underweight” rating to a “neutral” rating in a report on Thursday, March 1st. Zacks Investment Research cut Intelsat from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 28th. Finally, Jefferies Group restated a “hold” rating on shares of Intelsat in a report on Tuesday, February 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $4.38.
NYSE:I opened at $9.31 on Friday. The company has a market capitalization of $1,098.71, a PE ratio of -5.48 and a beta of 1.02. Intelsat has a 1 year low of $2.44 and a 1 year high of $9.70. The company has a debt-to-equity ratio of -3.72, a current ratio of 1.11 and a quick ratio of 1.11.
Intelsat (NYSE:I) last posted its quarterly earnings data on Monday, February 26th. The technology company reported ($0.98) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.73). The firm had revenue of $538.14 million during the quarter, compared to analyst estimates of $534.56 million. Intelsat’s revenue was down 2.3% on a year-over-year basis. During the same period last year, the firm earned $5.56 earnings per share. research analysts expect that Intelsat will post -1.57 EPS for the current fiscal year.
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Intelsat SA, through its subsidiaries, provides satellite communications services worldwide. The company offers a range of 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; and commercial satellite communication services to the U.S.
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