Intelsat SA (I) Position Lifted by Gamco Investors INC. ET AL
Gamco Investors INC. ET AL boosted its position in Intelsat SA (NYSE:I) by 25.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 422,110 shares of the technology company’s stock after acquiring an additional 85,095 shares during the quarter. Gamco Investors INC. ET AL owned 0.31% of Intelsat worth $9,029,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. Signition LP bought a new stake in Intelsat in the 4th quarter worth about $988,000. Quantamental Technologies LLC bought a new stake in Intelsat in the 4th quarter worth about $51,000. We Are One Seven LLC bought a new stake in Intelsat in the 4th quarter worth about $49,000. Selz Capital LLC bought a new stake in Intelsat in the 4th quarter worth about $480,000. Finally, Summit Securities Group LLC bought a new stake in Intelsat in the 4th quarter worth about $719,000. 48.73% of the stock is currently owned by institutional investors and hedge funds.
I has been the topic of a number of research analyst reports. Barclays reiterated a “hold” rating and issued a $23.00 target price on shares of Intelsat in a research note on Friday. Zacks Investment Research cut shares of Intelsat from a “hold” rating to a “sell” rating in a research note on Wednesday, November 14th. Goldman Sachs Group reiterated a “neutral” rating and issued a $31.00 target price on shares of Intelsat in a research note on Monday, October 22nd. Morgan Stanley upgraded shares of Intelsat from an “underweight” rating to an “equal weight” rating and set a $28.00 target price on the stock in a research note on Monday, November 12th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Intelsat in a research note on Tuesday, October 9th. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $27.40.
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Intelsat SA, through 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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