Squarepoint Ops LLC acquired a new position in Telesat Corp (NASDAQ:TSAT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 33,555 shares of the company's stock, valued at approximately $552,000. Squarepoint Ops LLC owned approximately 0.25% of Telesat at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of TSAT. Bank of America Corp DE boosted 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 worth $121,000 after buying an additional 889 shares in the last quarter. JPMorgan Chase & Co. raised 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 acquiring an additional 2,456 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. raised its stake in shares of Telesat by 12.2% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 100,611 shares of the company's stock worth $1,654,000 after acquiring an additional 10,900 shares in the last quarter. Trexquant Investment LP purchased a new position in shares of Telesat during the fourth quarter worth approximately $223,000. Finally, Millennium Management LLC purchased a new position in shares of Telesat during the fourth quarter worth approximately $368,000.
Telesat Price Performance
Shares of TSAT stock traded down $0.17 during trading hours on Friday, hitting $15.94. 29,688 shares of the company's stock were exchanged, compared to its average volume of 58,116. The company has a market capitalization of $217.44 million, a PE ratio of 6.56 and a beta of 1.98. Telesat Corp has a 12-month low of $7.21 and a 12-month high of $25.38. The business's 50 day simple moving average is $16.51 and its 200-day simple moving average is $17.35. The company has a current ratio of 4.36, a quick ratio of 4.36 and a debt-to-equity ratio of 1.11.
Telesat (NASDAQ:TSAT - Get Free Report) last posted 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. The firm had revenue of $81.12 million for the quarter, compared to the consensus estimate of $106.67 million. Telesat had a net margin of 7.99% and a negative return on equity of 3.16%.
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.
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