Loral Space & Communications Ltd. (LORL) : Highland Capital Management Lp reduced its stake in Loral Space & Communications Ltd. by 0.67% during the most recent quarter end. The investment management company now holds a total of 2,105,179 shares of Loral Space & Communications Ltd. which is valued at $80,417,838 after selling 14,150 shares in Loral Space & Communications Ltd. , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Loral Space & Communications Ltd. makes up approximately 4.41% of Highland Capital Management Lp’s portfolio.
Other Hedge Funds, Including , Royce Associates Lp sold out all of its stake in LORL during the most recent quarter. The investment firm sold 42,899 shares of LORL which is valued $1,638,742.Barrow Hanley Mewhinney Strauss boosted its stake in LORL in the latest quarter, The investment management firm added 12,697 additional shares and now holds a total of 66,577 shares of Loral Space & Communications Ltd. which is valued at $2,473,336.Blackrock Institutional Trust Company N.a. boosted its stake in LORL in the latest quarter, The investment management firm added 1,637 additional shares and now holds a total of 319,637 shares of Loral Space & Communications Ltd. which is valued at $11,762,642.
Loral Space & Communications Ltd. closed down -0.15 points or -0.38% at $39.75 with 49,644 shares getting traded on Monday. Post opening the session at $40, the shares hit an intraday low of $39.45 and an intraday high of $40 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.