Squarepoint Ops LLC acquired a new position in shares of Telesat Corp (NASDAQ:TSAT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 33,555 shares of the company's stock, valued at approximately $552,000. Squarepoint Ops LLC owned about 0.25% of Telesat as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of TSAT. Aristeia Capital L.L.C. acquired a new position in shares of Telesat in the fourth quarter worth $649,000. JPMorgan Chase & Co. raised its holdings in shares of Telesat by 1,395.5% in 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 during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. raised its holdings in shares of Telesat by 12.2% in 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 during the last quarter. Trexquant Investment LP acquired a new position in shares of Telesat in the fourth quarter worth $223,000. Finally, Bank of America Corp DE raised its holdings in shares of 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 acquiring an additional 889 shares during the last quarter.
Telesat Price Performance
Shares of NASDAQ TSAT traded up $0.19 during trading on Thursday, reaching $16.11. The company had a trading volume of 54,476 shares, compared to its average volume of 58,023. Telesat Corp has a twelve month low of $7.21 and a twelve month high of $25.38. The stock has a market capitalization of $219.76 million, a PE ratio of 6.63 and a beta of 1.98. The stock has a 50-day moving average price of $16.60 and a two-hundred day moving average price of $17.29. 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 released its quarterly 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 during the quarter, compared to analysts' expectations of $106.67 million. Telesat had a negative return on equity of 3.16% and a net margin of 7.99%.
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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