K.J. Harrison & Partners Inc acquired a new stake in Telesat Corporation (NASDAQ:TSAT - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 25,400 shares of the company's stock, valued at approximately $474,000. K.J. Harrison & Partners Inc owned 0.19% of Telesat at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of TSAT. LM Asset IM Inc. purchased a new stake in Telesat in the 4th quarter valued at $13,290,000. Squarepoint Ops LLC purchased a new stake in shares of Telesat in the fourth quarter valued at about $552,000. Aristeia Capital L.L.C. purchased a new stake in shares of Telesat in the fourth quarter valued at about $649,000. JPMorgan Chase & Co. boosted its stake in shares of Telesat by 1,395.5% during the fourth quarter. JPMorgan Chase & Co. now owns 2,632 shares of the company's stock worth $43,000 after buying an additional 2,456 shares during the period. Finally, Bank of America Corp DE grew its holdings in shares of Telesat by 13.7% during the fourth quarter. Bank of America Corp DE now owns 7,360 shares of the company's stock worth $121,000 after buying an additional 889 shares during the last quarter.
Telesat Stock Performance
TSAT stock traded up $0.40 during trading on Monday, hitting $24.44. The company had a trading volume of 88,407 shares, compared to its average volume of 66,306. The firm has a 50-day moving average price of $17.45 and a 200-day moving average price of $18.09. The company has a quick ratio of 5.63, a current ratio of 5.63 and a debt-to-equity ratio of 1.64. The firm has a market cap of $333.36 million, a PE ratio of -5.47 and a beta of 1.98. Telesat Corporation has a 1-year low of $7.21 and a 1-year high of $26.07.
Telesat (NASDAQ:TSAT - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of ($0.56) by $1.09. Telesat had a negative return on equity of 6.83% and a negative net margin of 16.09%. The business had revenue of $81.12 million during the quarter, compared to analysts' expectations of $106.67 million.
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.
Read More
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
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
