New York State Common Retirement Fund trimmed its holdings in shares of Telesat Corp (NASDAQ:TSAT – Get Rating) by 22.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,809 shares of the company’s stock after selling 2,200 shares during the quarter. New York State Common Retirement Fund’s holdings in Telesat were worth $129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. MHR Fund Management LLC purchased a new position in Telesat during the 4th quarter worth $517,066,000. Rubric Capital Management LP purchased a new position in Telesat during the 4th quarter worth $39,995,000. Gamco Investors INC. ET AL purchased a new position in Telesat during the 4th quarter worth $35,509,000. Philosophy Capital Management LLC purchased a new position in Telesat during the 4th quarter worth $16,007,000. Finally, Gabelli Funds LLC purchased a new position in Telesat during the 4th quarter worth $14,533,000.
Telesat Stock Down 1.5 %
Shares of TSAT stock opened at $11.53 on Monday. Telesat Corp has a 1-year low of $10.33 and a 1-year high of $48.35. The stock’s fifty day moving average price is $12.36 and its 200 day moving average price is $15.45. The company has a debt-to-equity ratio of 2.00, a current ratio of 11.05 and a quick ratio of 9.16. The company has a market cap of $138.59 million, a price-to-earnings ratio of 3.13 and a beta of 2.02.
Telesat (NASDAQ:TSAT – Get Rating) last posted its quarterly earnings results on Friday, August 5th. The company reported ($0.13) earnings per share for the quarter. The business had revenue of $146.23 million during the quarter.
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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