Sound Point Capital Management Lp buys $8,323,551 stake in Loral Space & Communications Ltd. (LORL)

Loral Space & Communications Ltd. (LORL) : Sound Point Capital Management Lp scooped up 31,530 additional shares in Loral Space & Communications Ltd. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 217,894 shares of Loral Space & Communications Ltd. which is valued at $8,323,551.Loral Space & Communications Ltd. makes up approximately 11.39% of Sound Point Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Soros Fund Management sold out all of its stake in LORL during the most recent quarter. The investment firm sold 9,369 shares of LORL which is valued $357,896.Geode Capital Management boosted its stake in LORL in the latest quarter, The investment management firm added 2,878 additional shares and now holds a total of 97,915 shares of Loral Space & Communications Ltd. which is valued at $3,637,542.Blackrock Fund Advisors boosted its stake in LORL in the latest quarter, The investment management firm added 16,914 additional shares and now holds a total of 321,943 shares of Loral Space & Communications Ltd. which is valued at $11,847,502.Rhumbline Advisers reduced its stake in LORL by selling 75 shares or 0.48% in the most recent quarter. The Hedge Fund company now holds 15,552 shares of LORL which is valued at $572,314.Tower Research Capital (trc) boosted its stake in LORL in the latest quarter, The investment management firm added 774 additional shares and now holds a total of 1,179 shares of Loral Space & Communications Ltd. which is valued at $43,387.

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.

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