Walleye Capital LLC Has $2.06 Million Stock Holdings in Telesat Corporation $TSAT

Posted by George Bondi on Jul 24th, 2026

Walleye Capital LLC raised its stake in Telesat Corporation (NASDAQ:TSAT – Free Report) by 210.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 57,017 shares of the company’s stock after buying an additional 38,630 shares during the quarter. Walleye Capital LLC’s holdings in Telesat were worth $2,064,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its stake in shares of Telesat by 32.2% during the 4th quarter. Royal Bank of Canada now owns 2,922 shares of the company’s stock valued at $85,000 after buying an additional 712 shares during the period. Acadian Asset Management LLC increased its stake in shares of Telesat by 63.3% in the first quarter. Acadian Asset Management LLC now owns 6,381 shares of the company’s stock worth $119,000 after acquiring an additional 2,473 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Telesat by 1,335.3% in the third quarter. BNP Paribas Financial Markets now owns 3,818 shares of the company’s stock worth $101,000 after acquiring an additional 3,552 shares during the last quarter. Federation des caisses Desjardins du Quebec raised its holdings in shares of Telesat by 19.4% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 24,668 shares of the company’s stock worth $680,000 after acquiring an additional 4,000 shares in the last quarter. Finally, TD Waterhouse Canada Inc. raised its holdings in shares of Telesat by 30.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 20,882 shares of the company’s stock worth $586,000 after acquiring an additional 4,901 shares in the last quarter.

Wall Street Analyst Weigh In

TSAT has been the subject of a number of research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Telesat in a research report on Thursday, June 18th. Wall Street Zen lowered Telesat from a “sell” rating to a “strong sell” rating in a research report on Saturday, April 25th. Scotiabank started coverage on Telesat in a research note on Monday, July 13th. They set a “hold” rating for the company. Stifel Nicolaus assumed coverage on Telesat in a report on Thursday, July 16th. They set a “buy” rating for the company. Finally, Zacks Research lowered Telesat from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $33.50.

Get Our Latest Stock Analysis on TSAT

Telesat Stock Performance

Shares of TSAT opened at $39.38 on Friday. The firm has a market cap of $584.40 million, a price-to-earnings ratio of -4.37 and a beta of 2.03. The company’s fifty day moving average is $46.29 and its 200-day moving average is $40.40. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.77. Telesat Corporation has a 12 month low of $19.59 and a 12 month high of $59.12.

Telesat (NASDAQ:TSAT – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($2.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.67) by ($1.54). The business had revenue of $62.62 million during the quarter, compared to analyst estimates of $62.03 million. Telesat had a negative net margin of 47.57% and a negative return on equity of 4.02%. Equities analysts expect that Telesat Corporation will post -4.01 EPS for the current fiscal year.

Telesat Company Profile

(Free Report)

Telesat is a leading global satellite operator that designs, builds and delivers high-performance satellite communications solutions across multiple markets. The company operates a fleet of geostationary satellites to provide video distribution, data networking and managed broadband services to media companies, network operators, governments and enterprise customers. Telesat’s infrastructure supports television distribution, cellular backhaul, rural broadband and corporate network applications.

In addition to its geostationary offerings, Telesat is developing a low Earth orbit (LEO) satellite constellation known as Lightspeed.