Intelsat SA (I) Short Interest Update
Intelsat SA (NYSE:I) was the recipient of a large decrease in short interest in the month of September. As of September 29th, there was short interest totalling 2,066,571 shares, a decrease of 34.8% from the September 15th total of 3,170,378 shares. Approximately 5.2% of the shares of the stock are sold short. Based on an average trading volume of 627,923 shares, the days-to-cover ratio is presently 3.3 days.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System increased its holdings in shares of Intelsat SA by 1.1% in the second quarter. California State Teachers Retirement System now owns 64,317 shares of the technology company’s stock worth $197,000 after buying an additional 700 shares during the period. Alta Fundamental Advisers LLC purchased a new position in shares of Intelsat SA in the second quarter worth about $301,000. PointState Capital LP increased its holdings in shares of Intelsat SA by 0.9% in the second quarter. PointState Capital LP now owns 3,782,000 shares of the technology company’s stock worth $11,573,000 after buying an additional 32,000 shares during the period. Dimensional Fund Advisors LP purchased a new position in shares of Intelsat SA in the second quarter worth about $436,000. Finally, Northern Trust Corp increased its holdings in shares of Intelsat SA by 16.2% in the second quarter. Northern Trust Corp now owns 532,549 shares of the technology company’s stock worth $1,629,000 after buying an additional 74,426 shares during the period. Institutional investors and hedge funds own 37.95% of the company’s stock.
Shares of Intelsat SA (NYSE:I) opened at 6.25 on Wednesday. The company has a market cap of $743.75 million, a price-to-earnings ratio of 0.93 and a beta of 2.11. The firm has a 50 day moving average price of $4.92 and a 200-day moving average price of $3.76. Intelsat SA has a 52-week low of $2.45 and a 52-week high of $7.47.
Intelsat SA (NYSE:I) last released its quarterly earnings results on Thursday, July 27th. The technology company reported ($0.20) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.33) by $0.13. The firm had revenue of $533.20 million for the quarter, compared to analysts’ expectations of $534.16 million. During the same quarter in the previous year, the business earned $0.98 EPS. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. Equities research analysts anticipate that Intelsat SA will post ($0.79) earnings per share for the current year.
A number of research firms have recently commented on I. Zacks Investment Research raised Intelsat SA from a “hold” rating to a “strong-buy” rating and set a $3.75 price target for the company in a report on Saturday, July 29th. Goldman Sachs Group, Inc. (The) began coverage on Intelsat SA in a report on Thursday, August 10th. They set a “neutral” rating and a $3.50 price target for the company. Jefferies Group LLC raised Intelsat SA from a “hold” rating to a “buy” rating and boosted their price target for the stock from $2.50 to $5.00 in a report on Friday, September 8th. BidaskClub raised Intelsat SA from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Finally, Royal Bank Of Canada lowered their price target on Intelsat SA from $6.25 to $6.00 and set an “outperform” rating for the company in a report on Thursday, October 5th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $4.25.
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Intelsat SA Company Profile
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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