Intelsat SA (NYSE:I) saw a large growth in short interest in July. As of July 15th, there was short interest totalling 15,243,700 shares, a growth of 9.2% from the June 15th total of 13,959,600 shares. Approximately 23.9% of the company’s stock are short sold. Based on an average daily volume of 1,870,000 shares, the short-interest ratio is currently 8.2 days.

A number of institutional investors and hedge funds have recently modified their holdings of I. Quantamental Technologies LLC increased its stake in shares of Intelsat by 275.0% in the 1st quarter. Quantamental Technologies LLC now owns 9,000 shares of the technology company’s stock valued at $141,000 after buying an additional 6,600 shares during the period. OMERS ADMINISTRATION Corp acquired a new stake in shares of Intelsat in the 4th quarter valued at $299,000. Howe & Rusling Inc. acquired a new stake in shares of Intelsat in the 1st quarter valued at $271,000. SG Americas Securities LLC acquired a new stake in shares of Intelsat in the 1st quarter valued at $300,000. Finally, Ipswich Investment Management Co. Inc. increased its stake in shares of Intelsat by 20.8% in the 1st quarter. Ipswich Investment Management Co. Inc. now owns 20,160 shares of the technology company’s stock valued at $316,000 after buying an additional 3,475 shares during the period. Hedge funds and other institutional investors own 93.44% of the company’s stock.

A number of research analysts have recently commented on the company. Morgan Stanley set a $100.00 price objective on Cimarex Energy and gave the company a “buy” rating in a report on Thursday, May 16th. JPMorgan Chase & Co. raised Intelsat from a “neutral” rating to an “overweight” rating and set a $27.00 price objective on the stock in a report on Wednesday, April 3rd. Finally, Zacks Investment Research lowered German American Bancorp. from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $29.71.

Shares of NYSE:I traded up $0.84 during trading on Friday, hitting $21.71. 1,654,873 shares of the stock were exchanged, compared to its average volume of 1,431,426. Intelsat has a 1-year low of $14.81 and a 1-year high of $37.70. The stock has a market capitalization of $3.00 billion, a P/E ratio of -9.32 and a beta of 1.40. The company has a fifty day moving average price of $20.03.

Intelsat (NYSE:I) last posted 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 analyst estimates of $523.74 million. Intelsat’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.56) EPS. Analysts forecast that Intelsat will post -2.89 earnings per share 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.

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