Invictus RG purchased a new position in shares of Intelsat SA (NYSE:I) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 34,095 shares of the technology company’s stock, valued at approximately $1,023,000. Intelsat makes up approximately 0.8% of Invictus RG’s portfolio, making the stock its 15th biggest position.
Several other institutional investors also recently modified their holdings of I. Davidson Kempner Capital Management LP acquired a new position in shares of Intelsat during the 2nd quarter worth approximately $13,725,000. Sound Point Capital Management LP acquired a new position in shares of Intelsat during the 2nd quarter worth approximately $6,927,000. Renaissance Technologies LLC raised its position in shares of Intelsat by 23.6% during the 3rd quarter. Renaissance Technologies LLC now owns 2,027,900 shares of the technology company’s stock worth $60,837,000 after purchasing an additional 387,500 shares during the last quarter. Gamco Investors INC. ET AL acquired a new position in shares of Intelsat during the 3rd quarter worth approximately $10,110,000. Finally, BlackRock Inc. raised its position in shares of Intelsat by 11.0% during the 2nd quarter. BlackRock Inc. now owns 1,908,355 shares of the technology company’s stock worth $31,793,000 after purchasing an additional 188,809 shares during the last quarter. Hedge funds and other institutional investors own 49.35% of the company’s stock.
Several research analysts recently issued reports on I shares. Jefferies Financial Group restated a “buy” rating on shares of Intelsat in a research report on Tuesday, October 9th. Morgan Stanley upgraded Intelsat from an “underweight” rating to an “equal weight” rating and set a $28.00 price target for the company in a report on Monday, November 12th. Zacks Investment Research upgraded Intelsat from a “sell” rating to a “hold” rating in a report on Tuesday, August 14th. Finally, Goldman Sachs Group reiterated a “neutral” rating and issued a $31.00 price target on shares of Intelsat in a report on Monday, October 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $23.80.
NYSE:I opened at $23.50 on Wednesday. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of -13.82 and a beta of 1.30. Intelsat SA has a 1-year low of $2.44 and a 1-year high of $37.70.
Intelsat (NYSE:I) last issued its earnings results on Tuesday, October 30th. The technology company reported ($1.95) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.32) by ($1.63). The firm had revenue of $537.00 million for the quarter, compared to analyst estimates of $531.97 million. The business’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.26) EPS. As a group, equities research analysts predict that Intelsat SA will post -2.92 earnings per share for the current year.
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Intelsat Company Profile
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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