Dorsey Wright & Associates grew its holdings in Intelsat SA (NYSE:I) by 1.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 368,620 shares of the technology company’s stock after purchasing an additional 5,365 shares during the period. Intelsat comprises approximately 1.4% of Dorsey Wright & Associates’ holdings, making the stock its 13th largest holding. Dorsey Wright & Associates owned approximately 0.27% of Intelsat worth $5,773,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. TIAA CREF Investment Management LLC increased its stake in shares of Intelsat by 1.1% during the third quarter. TIAA CREF Investment Management LLC now owns 84,929 shares of the technology company’s stock valued at $2,548,000 after buying an additional 942 shares during the period. Csenge Advisory Group purchased a new position in shares of Intelsat during the third quarter valued at $28,000. FDx Advisors Inc. increased its stake in shares of Intelsat by 13.0% during the fourth quarter. FDx Advisors Inc. now owns 12,961 shares of the technology company’s stock valued at $277,000 after buying an additional 1,491 shares during the period. We Are One Seven LLC purchased a new position in shares of Intelsat during the fourth quarter valued at $49,000. Finally, Quantamental Technologies LLC purchased a new position in shares of Intelsat during the fourth quarter valued at $51,000. Institutional investors and hedge funds own 59.70% of the company’s stock.
Shares of I stock opened at $20.47 on Friday. Intelsat SA has a 1-year low of $9.58 and a 1-year high of $37.70. The stock has a market cap of $2.69 billion, a P/E ratio of -8.79 and a beta of 1.28.
A number of equities research analysts recently weighed in on I shares. Zacks Investment Research raised Intelsat from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th. Barclays reaffirmed a “hold” rating and set a $23.00 price objective on shares of Intelsat in a research report on Friday, February 1st. TheStreet downgraded Intelsat from a “c-” rating to a “d” rating in a research report on Wednesday, February 6th. Evercore ISI started coverage on Intelsat in a research report on Monday, February 25th. They set an “outperform” rating and a $50.00 price objective on the stock. Finally, Raymond James raised Intelsat from an “underperform” rating to a “market perform” rating in a research 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 given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Intelsat presently has a consensus rating of “Buy” and a consensus target price of $30.00.
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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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