Loral Space & Communications Inc (NASDAQ:LORL) Institutional Investors Quarterly Sentiment

April 17, 2018 - By Dolores Ford

Loral Space & Communications Inc. (NASDAQ:LORL) Logo

Sentiment for Loral Space & Communications Inc (NASDAQ:LORL)

Loral Space & Communications Inc (NASDAQ:LORL) institutional sentiment decreased to 1 in 2017 Q4. Its down -0.68, from 1.68 in 2017Q3. The ratio dived, as 36 hedge funds increased and opened new equity positions, while 36 sold and trimmed equity positions in Loral Space & Communications Inc. The hedge funds in our partner’s database now possess: 20.80 million shares, up from 20.65 million shares in 2017Q3. Also, the number of hedge funds holding Loral Space & Communications Inc in their top 10 equity positions decreased from 8 to 5 for a decrease of 3. Sold All: 2 Reduced: 34 Increased: 28 New Position: 8.

Loral Space & Communications Inc., a satellite communications company, provides satellite communications services to broadcast, telecom, corporate, and government clients worldwide. The company has market cap of $1.23 billion. As of December 31, 2016, the firm provided satellite services to its clients through a fleet of 15 in-orbit satellites; and owns the Canadian Ka-band payload on the ViaSat-1 satellite. It has a 9.24 P/E ratio. It also offers video distribution and direct-to-home video, as well as end-to-end communications services using satellite and hybrid satellite-ground networks; and broadcast services, including DTH, video distribution and contribution, and satellite transmission services for the broadcast of video news, sports, and live event coverage.

The stock decreased 0.50% or $0.2 during the last trading session, reaching $39.7. About 84,253 shares traded or 74.82% up from the average. Loral Space & Communications Inc. (NASDAQ:LORL) has risen 7.35% since April 17, 2017 and is uptrending. It has underperformed by 4.20% the S&P500.

Mhr Fund Management Llc holds 16.82% of its portfolio in Loral Space & Communications Inc. for 8.53 million shares. Solus Alternative Asset Management Lp owns 1.84 million shares or 15.76% of their US portfolio. Moreover, Altalis Capital Management Llc has 5.2% invested in the company for 121,261 shares. The Texas-based Highland Capital Management Lp has invested 4.17% in the stock. Archer Capital Management L.P., a New York-based fund reported 217,539 shares.#img1#

Loral Space & Communications Inc. (NASDAQ:LORL) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.