Wingspan Investment Management Lp Lowers stake in Intelsat SA (I)

Intelsat SA (I) : Wingspan Investment Management Lp reduced its stake in Intelsat SA by 67.51% during the most recent quarter end. The investment management company now holds a total of 702,371 shares of Intelsat SA which is valued at $1,889,378 after selling 1,459,631 shares in Intelsat SA , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Intelsat SA makes up approximately 1.34% of Wingspan Investment Management Lp’s portfolio.

Other Hedge Funds, Including , D. E. Shaw reduced its stake in I by selling 8,456 shares or 1.89% in the most recent quarter. The Hedge Fund company now holds 439,102 shares of I which is valued at $1,181,184.Parametric Portfolio Associates boosted its stake in I in the latest quarter, The investment management firm added 6,673 additional shares and now holds a total of 35,900 shares of Intelsat SA which is valued at $96,571.Ridgemont Partners Management reduced its stake in I by selling 414,561 shares or 14.92% in the most recent quarter. The Hedge Fund company now holds 2,364,020 shares of I which is valued at $6,359,214. Intelsat SA makes up approx 35.11% of Ridgemont Partners Management’s portfolio. 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. Dynamic Technology Lab Private Ltd added I to its portfolio by purchasing 12,629 company shares during the most recent quarter which is valued at $33,972. Intelsat SA makes up approx 0.01% of Dynamic Technology Lab Private Ltd’s portfolio.

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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