Militia Capital Partners LP Invests $728,000 in Telesat Corporation $TSAT

Key Points

• Militia Capital Partners LP has invested approximately $728,000 in Telesat Corporation, acquiring 38,675 shares during the first quarter.
• Other hedge funds have also shown interest in Telesat, including LM Asset IM Inc., which invested $13.29 million in the fourth quarter.
• Telesat Corporation reported $1.00 earnings per share for the last quarter, significantly surpassing the consensus estimate of ($0.69).

Militia Capital Partners LP bought a new stake in shares of Telesat Corporation (NASDAQ:TSAT - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 38,675 shares of the company's stock, valued at approximately $728,000. Militia Capital Partners LP owned about 0.28% of Telesat as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Acadian Asset Management LLC lifted its position in Telesat by 63.3% during the first quarter. Acadian Asset Management LLC now owns 6,381 shares of the company's stock valued at $119,000 after acquiring an additional 2,473 shares during the last quarter. Flaharty Asset Management LLC purchased a new stake in Telesat during the first quarter valued at approximately $188,000. PDT Partners LLC acquired a new position in Telesat during the 1st quarter valued at approximately $200,000. Trexquant Investment LP increased its stake in Telesat by 115.2% during the 1st quarter. Trexquant Investment LP now owns 29,164 shares of the company's stock valued at $549,000 after purchasing an additional 15,613 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake 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 valued at $1,225,000 after purchasing an additional 17,133 shares in the last quarter.

Telesat Stock Performance

Telesat stock traded down $0.45 during mid-day trading on Wednesday, reaching $26.14. 30,681 shares of the company traded hands, compared to its average volume of 94,375. 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 Corporation has a fifty-two week low of $10.11 and a fifty-two week high of $29.91. The company has a market capitalization of $356.48 million, a price-to-earnings ratio of -4.94 and a beta of 2.08. The firm's fifty day moving average is $23.28 and its two-hundred day moving average is $20.27.

Telesat (NASDAQ:TSAT - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $1.00 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $109.64 million.

About Telesat

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.