California Public Employees Retirement System raised its stake in Intelsat SA (NYSE:I) by 6.0% in the 4th quarter, HoldingsChannel reports. The fund owned 199,342 shares of the technology company’s stock after purchasing an additional 11,237 shares during the period. California Public Employees Retirement System’s holdings in Intelsat were worth $4,264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Csenge Advisory Group acquired a new position in Intelsat in the third quarter valued at $28,000. We Are One Seven LLC acquired a new stake in shares of Intelsat during the fourth quarter worth about $49,000. Quantamental Technologies LLC acquired a new stake in shares of Intelsat during the fourth quarter worth about $51,000. Nisa Investment Advisors LLC boosted its stake 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 worth $71,000 after buying an additional 3,100 shares during the period. Finally, Girard Partners LTD. acquired a new stake in shares of Intelsat during the third quarter worth about $120,000. Institutional investors own 58.65% of the company’s stock.

Several equities research analysts have recently weighed in on the stock. Evercore ISI assumed coverage on shares of Intelsat in a research note on Monday, February 25th. They set an “outperform” rating and a $50.00 target price for the company. Barclays reiterated a “hold” rating and set a $23.00 target price on shares of Intelsat in a research note on Friday, February 1st. Zacks Investment Research upgraded shares of Intelsat from a “sell” rating to a “hold” rating in a research note on Tuesday, January 15th. TheStreet downgraded shares of Intelsat from a “c-” rating to a “d” rating in a research note on Wednesday, February 6th. Finally, Raymond James upgraded shares of Intelsat from an “underperform” rating to a “market perform” rating in a research note on Wednesday, March 6th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $31.17.

Shares of I opened at $17.17 on Friday. Intelsat SA has a fifty-two week low of $3.55 and a fifty-two week high of $37.70. The stock has a market cap of $2.37 billion, a PE ratio of -7.37 and a beta of 1.35.

Intelsat (NYSE:I) last posted its quarterly earnings results on Wednesday, February 20th. The technology company reported ($0.81) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.67). The company had revenue of $542.70 million for the quarter, compared to analysts’ expectations of $539.00 million. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.75) earnings per share. Research analysts expect that Intelsat SA will post -1.11 EPS for the current fiscal year.

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Intelsat 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.

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Institutional Ownership by Quarter for Intelsat (NYSE:I)

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