Parametrica Management Ltd Buys Shares of 26,320 Intelsat SA (I)

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Parametrica Management Ltd bought a new position in Intelsat SA (NYSE:I) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 26,320 shares of the technology company’s stock, valued at approximately $412,000. Intelsat comprises about 0.9% of Parametrica Management Ltd’s portfolio, making the stock its 22nd largest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. We Are One Seven LLC bought a new stake in shares of Intelsat during the fourth quarter valued at approximately $49,000. Quantamental Technologies LLC bought a new stake in shares of Intelsat during the fourth quarter valued at approximately $51,000. Nisa Investment Advisors LLC raised its holdings in shares of Intelsat by 1,291.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,340 shares of the technology company’s stock valued at $71,000 after buying an additional 3,100 shares during the last quarter. Howe & Rusling Inc. bought a new stake in shares of Intelsat during the first quarter valued at approximately $271,000. Finally, FDx Advisors Inc. raised its holdings 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 last quarter. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

I has been the topic of a number of recent analyst reports. Raymond James raised 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. Morgan Stanley reaffirmed an “equal weight” rating and set a $24.00 price target (down previously from $28.00) on shares of Intelsat in a report on Monday, March 18th. Evercore ISI initiated coverage on Intelsat in a report on Monday, February 25th. They set an “outperform” rating and a $50.00 price target on the stock. JPMorgan Chase & Co. raised Intelsat from a “neutral” rating to an “overweight” rating and set a $27.00 price target on the stock in a report on Wednesday, April 3rd. Finally, TheStreet cut Intelsat from a “c-” rating to a “d” rating in a report on Wednesday, February 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Intelsat presently has an average rating of “Hold” and an average price target of $29.71.

Shares of NYSE:I opened at $21.24 on Friday. Intelsat SA has a 12 month low of $13.64 and a 12 month high of $37.70. The company has a market cap of $2.93 billion, a P/E ratio of -9.12 and a beta of 1.38.

Intelsat (NYSE:I) last announced its earnings results on Tuesday, April 30th. The technology company reported ($0.87) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.61) by ($0.26). The company had revenue of $528.40 million during the quarter, compared to analysts’ expectations of $523.74 million. During the same quarter last year, the firm posted ($0.56) earnings per share. Intelsat’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, analysts expect that Intelsat SA will post -2.56 EPS for the current year.

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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.

See Also: Cost of Equity For A Business, Investors

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Institutional Ownership by Quarter for Intelsat (NYSE:I)

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