Caption Management LLC Has $2.61 Million Position in Telesat Corporation $TSAT

Key Points

• Caption Management LLC reduced its stake in Telesat Corporation by 21.0% during the 1st quarter, now holding 138,637 shares worth approximately $2.61 million.
• Several institutional investors increased their positions in Telesat, with Trexquant Investment LP increasing its stake by 115.2% during the same quarter.
• Telesat reported a quarterly earnings per share of $1.00, exceeding analysts' expectations of ($0.69), despite a negative net margin of 20.74%.

Caption Management LLC cut its position in Telesat Corporation (NASDAQ:TSAT - Free Report) by 21.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 138,637 shares of the company's stock after selling 36,776 shares during the quarter. Caption Management LLC owned 1.02% of Telesat worth $2,611,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Trexquant Investment LP increased its position in Telesat by 115.2% during the 1st quarter. Trexquant Investment LP now owns 29,164 shares of the company's stock worth $549,000 after purchasing an additional 15,613 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Telesat by 35.8% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 65,053 shares of the company's stock worth $1,225,000 after purchasing an additional 17,133 shares in the last quarter. PCJ Investment Counsel Ltd. acquired a new position in Telesat during the 1st quarter worth approximately $2,103,000. Atria Wealth Solutions Inc. acquired a new position in Telesat during the 1st quarter worth approximately $256,000. Finally, Vestcor Inc acquired a new position in Telesat during the 1st quarter worth approximately $2,354,000.

Telesat Price Performance

TSAT stock opened at $20.73 on Friday. The company has a 50 day simple moving average of $23.95 and a 200 day simple moving average of $20.05. The stock has a market cap of $282.76 million, a price-to-earnings ratio of -3.94 and a beta of 2.16. Telesat Corporation has a 1 year low of $9.86 and a 1 year high of $29.91. The company has a debt-to-equity ratio of 1.69, a current ratio of 5.08 and a quick ratio of 5.08.

Telesat (NASDAQ:TSAT - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.69) by $1.69. Telesat had a negative net margin of 20.74% and a negative return on equity of 3.54%. The business had revenue of $77.94 million during the quarter, compared to analysts' expectations of $109.64 million.

Telesat Company Profile

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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