California Public Employees Retirement System raised its position in Intelsat SA (NYSE:I) by 6.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 199,342 shares of the technology company’s stock after buying an additional 11,237 shares during the period. California Public Employees Retirement System owned about 0.14% of Intelsat worth $4,264,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Morgan Stanley boosted its holdings in shares of Intelsat by 234.6% during the 3rd quarter. Morgan Stanley now owns 1,087,211 shares of the technology company’s stock worth $32,616,000 after purchasing an additional 762,234 shares during the last quarter. EAM Investors LLC acquired a new position in shares of Intelsat during the 3rd quarter worth approximately $3,530,000. Dimensional Fund Advisors LP boosted its holdings in shares of Intelsat by 21.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 681,629 shares of the technology company’s stock worth $20,449,000 after purchasing an additional 119,855 shares during the last quarter. We Are One Seven LLC acquired a new position in Intelsat in the fourth quarter valued at approximately $49,000. Finally, Vanguard Group Inc lifted its holdings in Intelsat by 48.8% in the third quarter. Vanguard Group Inc now owns 4,899,003 shares of the technology company’s stock valued at $146,970,000 after acquiring an additional 1,607,665 shares during the last quarter. Institutional investors and hedge funds own 58.65% of the company’s stock.
A number of research analysts recently commented on I shares. Zacks Investment Research upgraded Intelsat from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. Barclays reiterated a “hold” rating and issued a $23.00 price objective on shares of Intelsat in a report on Friday, February 1st. TheStreet cut Intelsat from a “c-” rating to a “d” rating in a report on Wednesday, February 6th. Evercore ISI started coverage on Intelsat in a report on Monday, February 25th. They issued an “outperform” rating and a $50.00 price objective on the stock. Finally, Raymond James upgraded Intelsat from an “underperform” rating to a “market perform” rating in a report on Wednesday, March 6th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $31.17.
Shares of NYSE I opened at $17.17 on Friday. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of -7.37 and a beta of 1.35. Intelsat SA has a 52-week low of $3.55 and a 52-week high of $37.70.
Intelsat (NYSE:I) last announced its earnings results on Wednesday, February 20th. The technology company reported ($0.81) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.67). The business had revenue of $542.70 million during the quarter, compared to the consensus estimate of $539.00 million. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.75) earnings per share. As a group, equities research analysts expect that Intelsat SA will post -1.11 EPS for the current year.
Intelsat SA, together with 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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