Intelsat SA (NYSE:I) Stake Increased by Key Square Capital Management LLC

Key Square Capital Management LLC increased its holdings in shares of Intelsat SA (NYSE:I) by 108.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,381,040 shares of the technology company’s stock after acquiring an additional 718,187 shares during the period. Intelsat makes up approximately 9.8% of Key Square Capital Management LLC’s portfolio, making the stock its 4th biggest holding. Key Square Capital Management LLC owned 1.00% of Intelsat worth $26,861,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in I. Stevens Capital Management LP lifted its position in shares of Intelsat by 5.8% during the 1st quarter. Stevens Capital Management LP now owns 32,921 shares of the technology company’s stock valued at $516,000 after acquiring an additional 1,803 shares during the period. Ipswich Investment Management Co. Inc. grew its holdings in Intelsat by 18.2% in the second quarter. Ipswich Investment Management Co. Inc. now owns 23,830 shares of the technology company’s stock valued at $463,000 after purchasing an additional 3,670 shares during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in Intelsat by 13.2% in the second quarter. State Board of Administration of Florida Retirement System now owns 31,627 shares of the technology company’s stock valued at $615,000 after purchasing an additional 3,700 shares during the last quarter. Hartwell J M Limited Partnership grew its holdings in Intelsat by 0.8% in the second quarter. Hartwell J M Limited Partnership now owns 496,150 shares of the technology company’s stock valued at $9,650,000 after purchasing an additional 3,950 shares during the last quarter. Finally, Aperio Group LLC purchased a new position in shares of Intelsat in the second quarter valued at $110,000. 90.80% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently issued reports on I. Morgan Stanley cut their price target on Intelsat from $24.00 to $22.00 and set an “equal weight” rating for the company in a research note on Thursday, May 16th. Zacks Investment Research cut shares of Intelsat from a “buy” rating to a “hold” rating in a research note on Saturday, August 17th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $29.33.

I stock traded up $1.13 on Wednesday, reaching $22.09. The company had a trading volume of 111,864 shares, compared to its average volume of 1,429,484. The company’s fifty day moving average is $20.43 and its 200 day moving average is $19.68. The company has a market cap of $2.90 billion, a P/E ratio of -9.42 and a beta of 1.50. Intelsat SA has a 1 year low of $14.81 and a 1 year high of $37.70.

Intelsat (NYSE:I) last released its quarterly earnings results on Tuesday, July 30th. The technology company reported ($1.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.95) by ($0.10). The firm had revenue of $509.40 million during the quarter, compared to the consensus estimate of $500.08 million. During the same period last year, the business posted ($0.38) earnings per share. The firm’s revenue was down 5.3% on a year-over-year basis. As a group, equities analysts anticipate that Intelsat SA will post -2.25 EPS for the current year.

Intelsat Company Profile

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.

Further Reading: Can systematic risk be avoided?

Institutional Ownership by Quarter for Intelsat (NYSE:I)

Receive News & Ratings for Intelsat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intelsat and related companies with MarketBeat.com's FREE daily email newsletter.