Arbiter Partners Capital Management buys $14,557,944 stake in Intelsat SA (I)

Intelsat SA (I) : Arbiter Partners Capital Management scooped up 385,628 additional shares in Intelsat SA during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 5,411,875 shares of Intelsat SA which is valued at $14,557,944.Intelsat SA makes up approximately 4.91% of Arbiter Partners Capital Management’s portfolio.

Other Hedge Funds, Including , Connor Clark Lunn Investment Management Ltd. reduced its stake in I by selling 9,000 shares or 21.69% in the most recent quarter. The Hedge Fund company now holds 32,500 shares of I which is valued at $87,425.Geode Capital Management boosted its stake in I in the latest quarter, The investment management firm added 79,452 additional shares and now holds a total of 249,351 shares of Intelsat SA which is valued at $670,754.Group One Trading boosted its stake in I in the latest quarter, The investment management firm added 11,969 additional shares and now holds a total of 12,102 shares of Intelsat SA which is valued at $32,554. Tfs Capital added I to its portfolio by purchasing 27,779 company shares during the most recent quarter which is valued at $74,726. Intelsat SA makes up approx 0.01% of Tfs Capital’s portfolio.California Public Employees Retirement System boosted its stake in I in the latest quarter, The investment management firm added 36,900 additional shares and now holds a total of 284,500 shares of Intelsat SA which is valued at $708,405.

Intelsat SA closed down -0.13 points or -4.81% at $2.57 with 3,66,430 shares getting traded on Thursday. Post opening the session at $2.77, the shares hit an intraday low of $2.48 and an intraday high of $2.78 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Intelsat SA reported $0.98 EPS for the quarter, beating the analyst consensus estimate by $ 1.00 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $-0.02. The company had revenue of $542.00 million for the quarter, compared to analysts expectations of $539.45 million. The company’s revenue was down -9.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.70 EPS.

Many Wall Street Analysts have commented on Intelsat SA. Intelsat SA was Downgraded by Raymond James to ” Underperform” on Jul 18, 2016.

Intelsat S.A. is a provider of satellite capacity for network services. The Company 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). The Company is also a provider of commercial satellite communication services to the United States Government and other select military organizations and their contractors. The Company focuses on business-to-business services indirectly enabling enterprise Government and consumer applications through its customers. The Company provides satellite capacity and related communications services for the transmission of video data and voice signals. Its customer contracts offer four service types which include transponder services managed services channel services and mobile satellite services and other.

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