28,715 Shares in Telesat Corporation $TSAT Acquired by Penserra Capital Management LLC

Penserra Capital Management LLC acquired a new stake in Telesat Corporation (NASDAQ:TSAT) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 28,715 shares of the company’s stock, valued at approximately $701,000.

A number of other hedge funds and other institutional investors have also modified their holdings of TSAT. Acadian Asset Management LLC lifted its position in shares of Telesat by 63.3% during the 1st quarter. Acadian Asset Management LLC now owns 6,381 shares of the company’s stock worth $119,000 after purchasing an additional 2,473 shares during the last quarter. Flaharty Asset Management LLC acquired a new stake in Telesat in the first quarter valued at $188,000. PDT Partners LLC purchased a new stake in Telesat during the 1st quarter worth about $200,000. Atria Wealth Solutions Inc. acquired a new position in shares of Telesat during the 1st quarter worth about $256,000. Finally, Trexquant Investment LP increased its holdings in shares of Telesat by 115.2% in the 1st quarter. Trexquant Investment LP now owns 29,164 shares of the company’s stock valued at $549,000 after acquiring an additional 15,613 shares during the last quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Telesat in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Telesat Stock Performance

Shares of TSAT stock opened at $26.06 on Wednesday. The stock’s 50-day moving average is $27.90 and its two-hundred day moving average is $23.27. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.08 and a current ratio of 5.08. Telesat Corporation has a 1 year low of $10.11 and a 1 year high of $36.85. The firm has a market cap of $369.87 million, a price-to-earnings ratio of -4.95 and a beta of 2.06.

Telesat (NASDAQ:TSAT) last posted its earnings results on Tuesday, November 4th. The company reported ($1.73) earnings per share for the quarter, missing the consensus estimate of ($0.78) by ($0.95). The firm had revenue of $72.56 million during the quarter, compared to analysts’ expectations of $100.26 million. Telesat had a negative net margin of 20.74% and a negative return on equity of 3.54%. Telesat has set its FY 2025 guidance at EPS.

Telesat Profile

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.