Dakota Wealth Management bought a new position in shares of Telesat Corporation (NASDAQ:TSAT - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 100,818 shares of the company's stock, valued at approximately $1,898,000. Dakota Wealth Management owned approximately 0.74% of Telesat as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. LM Asset IM Inc. bought a new stake in Telesat in the fourth quarter valued at approximately $13,290,000. Squarepoint Ops LLC bought a new stake in Telesat in the fourth quarter valued at approximately $552,000. Aristeia Capital L.L.C. bought a new stake in Telesat in the fourth quarter valued at approximately $649,000. JPMorgan Chase & Co. raised its stake in Telesat by 1,395.5% in the fourth 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 period. Finally, Bank of America Corp DE raised its stake in Telesat by 13.7% in the fourth quarter. Bank of America Corp DE now owns 7,360 shares of the company's stock valued at $121,000 after buying an additional 889 shares during the period.
Telesat Stock Performance
NASDAQ:TSAT traded up $0.07 on Friday, hitting $26.98. The company's stock had a trading volume of 99,296 shares, compared to its average volume of 71,617. The firm has a market capitalization of $368.01 million, a P/E ratio of -6.04 and a beta of 2.10. The company has a current ratio of 5.63, a quick ratio of 5.63 and a debt-to-equity ratio of 1.64. Telesat Corporation has a one year low of $7.21 and a one year high of $27.73. The stock has a fifty day moving average of $20.38 and a two-hundred day moving average of $18.99.
Telesat (NASDAQ:TSAT - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.53 earnings per share for the quarter, topping analysts' consensus estimates of ($0.56) by $1.09. The company had revenue of $81.12 million for the quarter, compared to analyst estimates of $106.67 million. Telesat had a negative return on equity of 6.83% and a negative net margin of 16.09%.
Telesat 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.
Featured Articles
Before you consider Telesat, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Telesat wasn't on the list.
While Telesat currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
