Aristeia Capital L.L.C. acquired a new stake in Telesat Corp (NASDAQ:TSAT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 39,460 shares of the company's stock, valued at approximately $649,000. Aristeia Capital L.L.C. owned approximately 0.29% of Telesat at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of TSAT. GABELLI & Co INVESTMENT ADVISERS INC. grew its position in shares of Telesat by 12.2% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 100,611 shares of the company's stock valued at $1,654,000 after purchasing an additional 10,900 shares during the last quarter. Trexquant Investment LP purchased a new stake in Telesat in the 4th quarter valued at approximately $223,000. Finally, JPMorgan Chase & Co. grew its holdings in Telesat by 1,395.5% during the 4th quarter. JPMorgan Chase & Co. now owns 2,632 shares of the company's stock valued at $43,000 after buying an additional 2,456 shares during the last quarter.
Telesat Price Performance
Telesat stock traded down $0.78 during midday trading on Monday, reaching $16.00. 45,199 shares of the company were exchanged, compared to its average volume of 56,125. The firm's 50-day simple moving average is $18.28 and its 200-day simple moving average is $16.80. Telesat Corp has a 1 year low of $7.02 and a 1 year high of $25.38. The company has a market capitalization of $218.26 million, a price-to-earnings ratio of 6.58 and a beta of 2.02. The company has a debt-to-equity ratio of 1.11, a quick ratio of 4.36 and a current ratio of 4.36.
Telesat (NASDAQ:TSAT - Get Free Report) last announced its quarterly earnings data on Thursday, March 27th. The company reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.21) by ($4.69). The firm had revenue of $88.94 million for the quarter, compared to analysts' expectations of $120.60 million. Telesat had a net margin of 7.99% and a negative return on equity of 3.16%.
Telesat Company Profile
(
Free Report)
Telesat Corporation, a satellite operator, provides mission-critical communications solutions to broadcast, enterprise, and consulting customers worldwide. The company's satellite-based services allow direct-to-home (DTH) service providers to deliver television programming, audio, and information channels directly to customers' homes; and enables broadcasters, cable networks, and DTH service providers to transmit television programming services.
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