Gamco Investors INC. ET AL bought a new position in shares of Intelsat SA (NYSE:I) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 337,015 shares of the technology company’s stock, valued at approximately $10,110,000. Gamco Investors INC. ET AL owned approximately 0.25% of Intelsat as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in I. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Intelsat during the 2nd quarter valued at about $102,000. The Manufacturers Life Insurance Company boosted its position in shares of Intelsat by 355.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 28,223 shares of the technology company’s stock valued at $106,000 after acquiring an additional 22,025 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Intelsat during the 2nd quarter valued at about $122,000. Macquarie Group Ltd. acquired a new position in shares of Intelsat during the 2nd quarter valued at about $148,000. Finally, Cerebellum GP LLC acquired a new position in shares of Intelsat during the 3rd quarter valued at about $190,000. 49.81% of the stock is owned by institutional investors and hedge funds.
NYSE I opened at $26.67 on Friday. Intelsat SA has a 12 month low of $2.44 and a 12 month high of $37.70. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of -15.69 and a beta of 1.31.
Intelsat (NYSE:I) last posted its earnings results on Tuesday, October 30th. The technology company reported ($1.95) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.32) by ($1.63). The business had revenue of $537.00 million for the quarter, compared to the consensus estimate of $531.97 million. During the same quarter in the prior year, the firm earned ($0.26) earnings per share. Intelsat’s revenue was down .4% compared to the same quarter last year. Equities research analysts forecast that Intelsat SA will post -1.55 EPS for the current fiscal year.
I has been the topic of several recent research reports. Zacks Investment Research raised shares of Intelsat from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Wednesday, August 1st. Jefferies Financial Group set a $32.00 price target on shares of Intelsat and gave the company a “buy” rating in a research report on Monday, August 6th. Finally, Goldman Sachs Group reissued a “neutral” rating and set a $31.00 price target on shares of Intelsat in a research report on Monday, October 22nd. One research analyst has rated the stock with a sell rating, four 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 stock presently has a consensus rating of “Hold” and an average target price of $19.40.
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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