Strs Ohio lifted its holdings in Intelsat SA (NYSE:I) by 56.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 197,100 shares of the technology company’s stock after acquiring an additional 71,500 shares during the period. Strs Ohio’s holdings in Intelsat were worth $668,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of I. Northern Trust Corp grew its stake in shares of Intelsat by 16.2% in the 2nd quarter. Northern Trust Corp now owns 532,549 shares of the technology company’s stock valued at $1,629,000 after buying an additional 74,426 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Intelsat by 162.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 373,871 shares of the technology company’s stock valued at $1,757,000 after buying an additional 231,531 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Intelsat by 9.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 115,009 shares of the technology company’s stock valued at $351,000 after buying an additional 9,913 shares during the period. Wells Fargo & Company MN grew its stake in shares of Intelsat by 17.0% in the 3rd quarter. Wells Fargo & Company MN now owns 97,043 shares of the technology company’s stock valued at $456,000 after buying an additional 14,066 shares during the period. Finally, California State Teachers Retirement System grew its stake in shares of Intelsat by 1.1% in the 2nd quarter. California State Teachers Retirement System now owns 64,317 shares of the technology company’s stock valued at $197,000 after buying an additional 700 shares during the period. 36.52% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently commented on I. Zacks Investment Research downgraded Intelsat from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Royal Bank of Canada downgraded Intelsat from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 26th. UBS Group downgraded Intelsat from a “neutral” rating to a “sell” rating and reduced their target price for the company from $3.50 to $3.00 in a research note on Wednesday, November 1st. ValuEngine upgraded Intelsat from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Jefferies Group restated a “hold” rating on shares of Intelsat in a research note on Tuesday. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $4.25.

Intelsat SA (NYSE:I) opened at $2.58 on Friday. The company has a debt-to-equity ratio of -3.83, a current ratio of 1.11 and a quick ratio of 1.11. Intelsat SA has a 12 month low of $2.44 and a 12 month high of $7.47.

ILLEGAL ACTIVITY WARNING: “Intelsat SA (I) Shares Bought by Strs Ohio” was published by Daily Political and is owned by of Daily Political. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this news story can be accessed at https://www.dailypolitical.com/2018/02/10/intelsat-sa-i-shares-bought-by-strs-ohio.html.

About Intelsat

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).

Want to see what other hedge funds are holding I? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intelsat SA (NYSE:I).

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.