Spark Investment Management LLC Acquires New Position in Intelsat S.A. (I)

Spark Investment Management LLC purchased a new stake in Intelsat S.A. (NYSE:I) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 474,300 shares of the technology company’s stock, valued at approximately $1,451,000. Spark Investment Management LLC owned approximately 0.40% of Intelsat at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Intelsat by 16.0% in the first quarter. Vanguard Group Inc. now owns 1,614,972 shares of the technology company’s stock valued at $6,702,000 after buying an additional 222,457 shares during the last quarter. Brookfield Asset Management Inc. bought a new position in shares of Intelsat during the first quarter valued at $917,000. Renaissance Technologies LLC boosted its position in shares of Intelsat by 85.7% in the first quarter. Renaissance Technologies LLC now owns 355,800 shares of the technology company’s stock valued at $1,477,000 after buying an additional 164,200 shares in the last quarter. TIAA CREF Investment Management LLC bought a new position in shares of Intelsat during the first quarter valued at $421,000. Finally, Apollo Management Holdings L.P. bought a new position in shares of Intelsat during the first quarter valued at $415,000. 38.86% of the stock is owned by institutional investors and hedge funds.

Shares of Intelsat S.A. (I) traded up 3.45% during trading on Friday, reaching $3.90. The company’s stock had a trading volume of 372,070 shares. The stock has a market cap of $464.10 million, a P/E ratio of 0.58 and a beta of 2.11. The stock has a 50-day moving average of $3.33 and a 200-day moving average of $3.57. Intelsat S.A. has a 52-week low of $2.38 and a 52-week high of $5.87.

Intelsat (NYSE:I) last issued its quarterly earnings data on Thursday, July 27th. The technology company reported ($0.20) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.33) by $0.13. Intelsat had a negative return on equity of 1.90% and a net margin of 36.95%. The company had revenue of $533.20 million for the quarter, compared to the consensus estimate of $534.16 million. During the same quarter last year, the business posted $0.98 earnings per share. The firm’s revenue was down 1.6% compared to the same quarter last year. Analysts predict that Intelsat S.A. will post ($0.72) earnings per share for the current fiscal year.

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I has been the subject of several analyst reports. Zacks Investment Research raised Intelsat from a “hold” rating to a “strong-buy” rating and set a $3.75 price objective for the company in a report on Saturday, July 29th. Goldman Sachs Group, Inc. (The) initiated coverage on Intelsat in a report on Thursday, August 10th. They issued a “neutral” rating and a $3.50 price objective for the company. BidaskClub raised Intelsat from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Finally, ValuEngine raised Intelsat from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $4.13.

Intelsat Company Profile

Intelsat SA operates in satellite services business. The Company provides satellite services to its communications customers around the world. It provides 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 (ISPs).

Institutional Ownership by Quarter for Intelsat (NYSE:I)

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