Bridgeway Capital Management Inc. lessened its stake in shares of Intelsat SA (NYSE:I) by 28.5% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 273,100 shares of the technology company’s stock after selling 108,700 shares during the quarter. Bridgeway Capital Management Inc. owned about 0.20% of Intelsat worth $8,193,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Atria Investments LLC lifted its stake in shares of Intelsat by 8.4% during the 3rd quarter. Atria Investments LLC now owns 22,150 shares of the technology company’s stock worth $665,000 after buying an additional 1,721 shares during the last quarter. Girard Partners LTD. acquired a new stake in shares of Intelsat during the 3rd quarter worth about $120,000. Rhumbline Advisers lifted its stake in shares of Intelsat by 11.9% during the 2nd quarter. Rhumbline Advisers now owns 39,476 shares of the technology company’s stock worth $658,000 after buying an additional 4,206 shares during the last quarter. American International Group Inc. lifted its stake in shares of Intelsat by 16.4% during the 3rd quarter. American International Group Inc. now owns 30,276 shares of the technology company’s stock worth $908,000 after buying an additional 4,273 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Intelsat during the 2nd quarter worth about $102,000. Institutional investors own 51.63% of the company’s stock.
Shares of Intelsat stock opened at $26.22 on Friday. Intelsat SA has a twelve month low of $2.44 and a twelve month high of $37.70.
Intelsat (NYSE:I) last issued its quarterly earnings data on Tuesday, October 30th. The technology company reported ($1.95) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($1.63). The business had revenue of $537.00 million for the quarter, compared to analyst estimates of $531.97 million. During the same period last year, the business earned ($0.26) EPS. The firm’s quarterly revenue was down .4% on a year-over-year basis. As a group, equities analysts expect that Intelsat SA will post -2.92 EPS for the current fiscal year.
Several analysts have weighed in on I shares. Jefferies Financial Group set a $32.00 price objective on shares of Intelsat and gave the stock a “buy” rating in a research note on Monday, August 6th. Morgan Stanley upgraded shares of Intelsat from an “underweight” rating to an “equal weight” rating and set a $28.00 price objective for the company in a research note on Monday, November 12th. Zacks Investment Research upgraded shares of Intelsat from a “sell” rating to a “hold” rating in a research note on Tuesday, August 14th. Finally, Goldman Sachs Group reiterated a “neutral” rating and issued a $31.00 price objective on shares of Intelsat in a research note on Monday, October 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $23.80.
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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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