Loral Space & Communications Ltd. (LORL) : Napier Park Global Capital (us) Lp has sold out all of its stake in Loral Space & Communications Ltd. during the most recent quarter, according to the disclosure filed by the company on Aug 11, 2016 with the SEC. The investment management company has sold out 76,753 shares of Loral Space & Communications Ltd. which is valued at $2,714,754.
Other Hedge Funds, Including , Tiaa Cref Investment Management reduced its stake in LORL by selling 2,395 shares or 5.72% in the most recent quarter. The Hedge Fund company now holds 39,462 shares of LORL which is valued at $1,395,771.Blackrock Fund Advisors reduced its stake in LORL by selling 6,705 shares or 2.15% in the most recent quarter. The Hedge Fund company now holds 305,029 shares of LORL which is valued at $10,788,876. Msi Financial Services Inc sold out all of its stake in LORL during the most recent quarter. The investment firm sold 19 shares of LORL which is valued $665. Simplex Trading added LORL to its portfolio by purchasing 649 company shares during the most recent quarter which is valued at $23,390.
Loral Space & Communications Ltd. opened for trading at $35.01 and hit $35.82 on the upside on Tuesday, eventually ending the session at $35.55, with a gain of 1.31% or 0.46 points. The heightened volatility saw the trading volume jump to 34,756 shares. Company has a market cap of $1,100 M.
Loral Space & Communications Inc. is a satellite communications company. The Company through its ownership interests in affiliates is engaged in satellite-based communications services. The Company participates in satellite services operations through its 62.8% economic interest in Telesat Holdings Inc. (Telesat Holdco) which owns Telesat Canada (Telesat). Telesat owns and leases a satellite fleet that operates in geosynchronous earth orbit approximately 22000 miles above the equator. The Company also own 56% of XTAR LLC (XTAR) a joint venture between Loral and Hisdesat Servicios Estrategicos S.A. (Hisdesat). XTAR owns and operates an X-band satellite. Telesat earns revenue by providing ground-based transmit and receive services selling equipment installing managing and maintaining satellite networks and providing consulting services in the field of satellite communications. Telesat categorizes its revenues into: Broadcast Enterprise Services and Consulting & Other.