Loral Space & Communications Inc Has Bullish Trade, Leon Cooperman’s Cooperman Leon G Bought Stake!

February 15, 2018 - By Michael Collier

 Loral Space & Communications Inc Has Bullish Trade, Leon Cooperman's Cooperman Leon G Bought Stake!

Investors sentiment increased to 1.68 in Q3 2017. Its up 0.82, from 0.86 in 2017Q2. It is positive, as 6 investors sold Loral Space & Communications Inc. shares while 19 reduced holdings. 10 funds opened positions while 32 raised stakes. 20.65 million shares or 1.27% more from 20.40 million shares in 2017Q2 were reported.

Barclays Public Limited Liability Co accumulated 3,546 shares. Gamco Investors Inc Et Al accumulated 690,488 shares. North Carolina-based Bancorporation Of America De has invested 0% in Loral Space & Communications Inc. (NASDAQ:LORL). Proxima Capital Llc invested in 50,301 shares or 1.39% of the stock. Gabelli Funds Ltd Liability holds 601,077 shares or 0.17% of its portfolio. California Pub Employees Retirement Sys owns 0% invested in Loral Space & Communications Inc. (NASDAQ:LORL) for 12,000 shares. 6,892 are owned by Nationwide Fund. Altalis Management Limited Liability Corp accumulated 86,120 shares. 25,739 are owned by Goldman Sachs Gp. Solus Alternative Asset Mngmt L P reported 1.94 million shares. California State Teachers Retirement accumulated 20,528 shares. Parametric Portfolio Associate Limited Company holds 0% or 31,780 shares in its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) reported 391 shares. Legal And General Group Public Limited Com has 11,693 shares. The Pennsylvania-based Pnc Financial Svcs Grp Incorporated has invested 0% in Loral Space & Communications Inc. (NASDAQ:LORL).

The New Leon Cooperman’s Cooperman Leon G Holding in Loral Space & Communications Inc

Cooperman Leon G reported SC 13G/A form with the SEC for Loral Space & Communications Inc. Access it here: 000094366318000072. As reported by Leon Cooperman’s Cooperman Leon G, the filler owns 4.98% or 1,067,180 shares of the Information Technology–company.

Loral Space & Communications Inc stake is new for [reportingPerson]. Date of activity: December 31, 2017. This shows Leon Cooperman’s Cooperman Leon G’s positive view for Loral Space & Communications Inc. For a hedge fund managing $12.65 billion in assets and having 38+ experts this is interesting position.

The hedge fund is investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Leon Cooperman’s Cooperman Leon G’s portfolio is in the sector.

Loral Space & Communications Inc Institutional Sentiment

Filings show 89 investors own Loral Space & Communications Inc. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 518465. 20451500 were owned by these investors. 7 funds opened new Loral Space & Communications Inc stakes, 37 increased positions. There were 16 that closed positions and 28 reduced them.

5 investors had the stock in their top 10. Some are: Solus Alternative Asset Management Lp, Highland Capital Management Lp, Mhr Fund Management Llc, Quadrant Capital Management Llc, Nokomis Capital L.L.C., Archer Capital Management L.P., Glacier Peak Capital Llc, Altalis Capital Management Llc..

James Dondero Highland Capital Management Lp is an investor bullish on Loral Space & Communications Inc, owning 2119329 shares as of Q3 2015 for 2.91% of its portfolio. Spencer M. Waxman Shannon River Fund Management Llc owns 842218 shares or 7.37% of its portfolio. NY Mhr Fund Management Llc have 17.95% of its portfolio for 8129719 shares. Further, Solus Alternative Asset Management Lp reported stake worth 14.96% of its portfolio. The NY Anandar Capital Management Lp owns 113683 shares. Loral Space & Communications Inc is 1.40% of its portfolio.

Business Profile

Loral Space & Communications Inc. is a satellite communications company. The Company, through its ownership interests in affiliates, is engaged in satellite-based communications services. The Company participates in satellite services operations through its interest in Telesat Holdings Inc., which owns Telesat Canada (Telesat), a global fixed satellite services (FSS) operator, with offices and facilities around the world. Telesat’s broadcast services business include direct to home services; video distribution and contribution, and occasional use services. Telesat owns and leases a satellite fleet that operates in geosynchronous earth orbit. Telesat’s enterprise services include telecommunication carrier and integrator services; government services; Consumer broadband services; resource services; maritime and aeronautical services; retail services, and satellite operator services. Telesat is a consultant in establishing, operating and upgrading satellite systems around the world.

SEC Form 13G.

Leon Cooperman’s Cooperman Leon G website.

The stock decreased 0.11% or $0.05 during the last trading session, reaching $45.3. About 21,596 shares traded. Loral Space & Communications Inc. (NASDAQ:LORL) has risen 8.44% since February 15, 2017 and is uptrending. It has underperformed by 8.26% the S&P500.

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 $1.40 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 17.25 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.

Another recent and important Loral Space & Communications Inc. (NASDAQ:LORL) news was published by Marketwatch.com which published an article titled: “Loral Space & Communications Inc.” on August 19, 2017.

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