Millennium Management LLC bought a new position in Telesat Corp (NASDAQ:TSAT - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 22,358 shares of the company's stock, valued at approximately $368,000. Millennium Management LLC owned approximately 0.16% of Telesat at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of TSAT. JPMorgan Chase & Co. lifted its holdings in shares of Telesat by 1,395.5% during the 4th quarter. JPMorgan Chase & Co. now owns 2,632 shares of the company's stock worth $43,000 after acquiring an additional 2,456 shares during the last quarter. Bank of America Corp DE lifted its stake in 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 purchasing an additional 889 shares during the last quarter. Trexquant Investment LP bought a new stake in Telesat during the fourth quarter worth about $223,000. Aristeia Capital L.L.C. purchased a new position in shares of Telesat in the 4th quarter worth about $649,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. increased its position in shares of Telesat by 12.2% during the 4th 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.
Telesat Price Performance
NASDAQ:TSAT traded up $0.10 during mid-day trading on Friday, reaching $17.23. The stock had a trading volume of 24,787 shares, compared to its average volume of 58,982. The stock has a market capitalization of $235.03 million, a P/E ratio of 7.09 and a beta of 1.98. The firm has a 50 day moving average price of $16.50 and a two-hundred day moving average price of $17.53. 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 Corp has a one year low of $7.21 and a one year high of $25.38.
Telesat (NASDAQ:TSAT - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.53 EPS for the quarter, beating the consensus estimate 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 net margin of 7.99% and a negative return on equity of 3.16%.
About Telesat
(
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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