Gamco Investors INC. ET AL grew its holdings in shares of Telesat Corp (NASDAQ:TSAT – Free Report) by 0.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,139,479 shares of the company’s stock after buying an additional 18,251 shares during the period. Gamco Investors INC. ET AL owned approximately 0.17% of Telesat worth $18,228,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Garnet Equity Capital Holdings Inc. grew its stake in shares of Telesat by 27.7% in the 4th quarter. Garnet Equity Capital Holdings Inc. now owns 101,314 shares of the company’s stock valued at $1,057,000 after buying an additional 22,000 shares during the period. National Bank of Canada FI boosted its holdings in Telesat by 6,039.8% in the fourth quarter. National Bank of Canada FI now owns 6,324 shares of the company’s stock worth $66,000 after acquiring an additional 6,221 shares in the last quarter. Heard Capital LLC grew its stake in Telesat by 1.1% in the fourth quarter. Heard Capital LLC now owns 1,778,837 shares of the company’s stock valued at $18,553,000 after acquiring an additional 19,815 shares during the period. Quadrature Capital Ltd acquired a new stake in Telesat in the fourth quarter valued at approximately $206,000. Finally, Central Pacific Bank Trust Division bought a new stake in shares of Telesat during the first quarter valued at approximately $51,000.
Telesat Stock Up 3.4 %
Shares of TSAT stock traded up $0.27 during trading hours on Friday, reaching $8.31. The company had a trading volume of 15,602 shares, compared to its average volume of 22,706. The business has a fifty day simple moving average of $8.61 and a 200-day simple moving average of $8.69. Telesat Corp has a 12 month low of $6.93 and a 12 month high of $22.75. The company has a market cap of $113.35 million, a price-to-earnings ratio of 1.16 and a beta of 2.25. The company has a debt-to-equity ratio of 1.34, a current ratio of 11.69 and a quick ratio of 11.69.
Analyst Ratings Changes
Separately, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Telesat in a research note on Tuesday, April 30th. They issued a “hold” rating and a $9.00 price objective on the stock.
Get Our Latest Analysis on TSAT
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.
Featured Stories
- Five stocks we like better than Telesat
- Are Penny Stocks a Good Fit for Your Portfolio?
- Why Call Options Volume for These 2 Stocks Spiked Together
- What Investors Need to Know to Beat the Market
- MarketBeat Week in Review – 7/22 – 7/26
- How to Use the MarketBeat Stock Screener
- 3M Surprises and Rebound Accelerates: It Isn’t Too Late To Get In
Want to see what other hedge funds are holding TSAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Telesat Corp (NASDAQ:TSAT – Free Report).
Receive News & Ratings for Telesat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telesat and related companies with MarketBeat.com's FREE daily email newsletter.