Glacier Peak Capital LLC Boosts Position in Loral Space & Communications Ltd. (LORL)

Glacier Peak Capital LLC increased its position in shares of Loral Space & Communications Ltd. (NASDAQ:LORL) by 115.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,663 shares of the communications equipment provider’s stock after acquiring an additional 65,632 shares during the period. Loral Space & Communications Ltd. comprises 3.1% of Glacier Peak Capital LLC’s investment portfolio, making the stock its 12th biggest position. Glacier Peak Capital LLC owned approximately 0.40% of Loral Space & Communications Ltd. worth $5,109,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Gamco Investors INC. ET AL increased its holdings in shares of Loral Space & Communications Ltd. by 6.4% in the 1st quarter. Gamco Investors INC. ET AL now owns 787,358 shares of the communications equipment provider’s stock valued at $32,793,000 after acquiring an additional 47,149 shares during the last quarter. BlackRock Inc. grew its stake in Loral Space & Communications Ltd. by 0.3% during the 4th quarter. BlackRock Inc. now owns 780,124 shares of the communications equipment provider’s stock worth $34,365,000 after buying an additional 2,032 shares during the last quarter. Gabelli Funds LLC grew its stake in shares of Loral Space & Communications Ltd. by 4.5% in the 1st quarter. Gabelli Funds LLC now owns 674,232 shares of the communications equipment provider’s stock valued at $28,082,000 after purchasing an additional 29,255 shares during the last quarter. Northern Trust Corp grew its stake in shares of Loral Space & Communications Ltd. by 1.4% in the 1st quarter. Northern Trust Corp now owns 167,077 shares of the communications equipment provider’s stock valued at $6,959,000 after purchasing an additional 2,378 shares during the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. grew its stake in shares of Loral Space & Communications Ltd. by 2.6% in the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 132,668 shares of the communications equipment provider’s stock valued at $5,526,000 after purchasing an additional 3,400 shares during the last quarter. 66.11% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Loral Space & Communications Ltd. traded up $0.10, hitting $38.00, during midday trading on Thursday, Marketbeat.com reports. The company had a trading volume of 201 shares, compared to its average volume of 55,459. Loral Space & Communications Ltd. has a 52-week low of $36.85 and a 52-week high of $51.75.

Loral Space & Communications Ltd. (NASDAQ:LORL) last posted its quarterly earnings results on Thursday, May 10th. The communications equipment provider reported $0.14 EPS for the quarter.

Several research analysts have weighed in on LORL shares. ValuEngine downgraded Loral Space & Communications Ltd. from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 2nd. BidaskClub downgraded Loral Space & Communications Ltd. from a “hold” rating to a “sell” rating in a research note on Friday, April 6th.

Loral Space & Communications Ltd. Company Profile

Loral Space & Communications Inc, a satellite communications company, provides satellite-based communications services to broadcast, telecom, corporate, and government customers worldwide. As of December 31, 2017, the company provided satellite services to its customers through a fleet of 15 in-orbit satellites; and owns the Canadian Ka-band payload on the ViaSat-1 satellite.

Institutional Ownership by Quarter for Loral Space & Communications Ltd. (NASDAQ:LORL)

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