Selz Capital LLC boosted its position in shares of Intelsat SA (NYSE:I) by 4.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,486 shares of the technology company’s stock after buying an additional 1,000 shares during the period. Selz Capital LLC’s holdings in Intelsat were worth $367,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. TIAA CREF Investment Management LLC increased its position 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 worth $2,548,000 after acquiring an additional 942 shares during the period. Csenge Advisory Group purchased a new position in Intelsat in the third quarter valued at $28,000. FDx Advisors Inc. increased its holdings in Intelsat by 13.0% in 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 last quarter. We Are One Seven LLC purchased a new position in Intelsat in the fourth quarter valued at $49,000. Finally, Quantamental Technologies LLC purchased a new position in Intelsat in the fourth quarter valued at $51,000. Institutional investors and hedge funds own 59.72% of the company’s stock.
Intelsat stock traded up $0.20 during mid-day trading on Friday, reaching $20.95. The company had a trading volume of 1,407,623 shares, compared to its average volume of 2,915,928. Intelsat SA has a 1 year low of $11.17 and a 1 year high of $37.70. The stock has a market cap of $2.86 billion, a PE ratio of -8.99 and a beta of 1.38.
Several equities analysts recently commented on the company. Zacks Investment Research lowered Intelsat from a “hold” rating to a “sell” rating in a report on Wednesday, March 27th. Barclays reaffirmed a “hold” rating and set a $23.00 price objective on shares of Intelsat in a report on Friday, February 1st. TheStreet lowered Intelsat from a “c-” rating to a “d” rating in a report on Wednesday, February 6th. Finally, JPMorgan Chase & Co. upgraded shares of Intelsat from a “neutral” rating to an “overweight” rating and set a $27.00 target price for the company in a research note on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target 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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