Blackstone Group L.P. Reduces Stake in Intelsat S.A. (I)

Blackstone Group L.P. decreased its position in Intelsat S.A. (NYSE:I) by 43.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 454,354 shares of the technology company’s stock after selling 345,646 shares during the period. Blackstone Group L.P. owned approximately 0.38% of Intelsat worth $1,886,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of I. Gotham Asset Management LLC boosted its stake in Intelsat by 17.2% in the first quarter. Gotham Asset Management LLC now owns 34,869 shares of the technology company’s stock worth $145,000 after buying an additional 5,124 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Intelsat by 7.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 123,842 shares of the technology company’s stock worth $514,000 after buying an additional 8,550 shares during the last quarter. Apollo Management Holdings L.P. acquired a new stake in Intelsat during the first quarter worth about $415,000. Renaissance Technologies LLC boosted its stake in Intelsat by 85.7% in the first quarter. Renaissance Technologies LLC now owns 355,800 shares of the technology company’s stock worth $1,477,000 after buying an additional 164,200 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new stake in Intelsat during the first quarter worth about $131,000. 38.61% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Intelsat (NYSE:I)

Shares of Intelsat S.A. (I) remained flat at $3.11 during trading on Tuesday. The company had a trading volume of 169,336 shares. Intelsat S.A. has a one year low of $2.12 and a one year high of $5.87. The stock’s 50 day moving average price is $3.05 and its 200-day moving average price is $3.51. The firm has a market capitalization of $369.47 million, a price-to-earnings ratio of 0.39 and a beta of 2.11.

Intelsat (NYSE:I) last announced its quarterly earnings data on Thursday, April 27th. The technology company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by $0.16. The business had revenue of $538.50 million during the quarter, compared to the consensus estimate of $544.75 million. Intelsat had a net margin of 43.24% and a negative return on equity of 1.90%. The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.13 EPS. On average, equities analysts anticipate that Intelsat S.A. will post ($0.85) earnings per share for the current fiscal year.

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Separately, Zacks Investment Research cut shares of Intelsat from a “hold” rating to a “sell” rating in a research note on Tuesday, June 6th.

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).

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