Alphasimplex Group LLC Buys 8,786 Shares of Loral Space & Communications Ltd. (NASDAQ:LORL)

Alphasimplex Group LLC lifted its stake in Loral Space & Communications Ltd. (NASDAQ:LORL) by 78.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 20,003 shares of the communications equipment provider’s stock after buying an additional 8,786 shares during the quarter. Alphasimplex Group LLC’s holdings in Loral Space & Communications Ltd. were worth $721,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Federated Investors Inc. PA grew its position in Loral Space & Communications Ltd. by 58.2% during the 1st quarter. Federated Investors Inc. PA now owns 750 shares of the communications equipment provider’s stock worth $27,000 after acquiring an additional 276 shares during the last quarter. Royce & Associates LP grew its position in Loral Space & Communications Ltd. by 53.2% during the 1st quarter. Royce & Associates LP now owns 829 shares of the communications equipment provider’s stock worth $30,000 after acquiring an additional 288 shares during the last quarter. Quadrant Capital Group LLC grew its position in Loral Space & Communications Ltd. by 3,555.3% during the 1st quarter. Quadrant Capital Group LLC now owns 1,389 shares of the communications equipment provider’s stock worth $48,000 after acquiring an additional 1,351 shares during the last quarter. Bank of Montreal Can grew its position in Loral Space & Communications Ltd. by 132.6% during the 4th quarter. Bank of Montreal Can now owns 4,062 shares of the communications equipment provider’s stock worth $152,000 after acquiring an additional 2,316 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY grew its position in Loral Space & Communications Ltd. by 334.7% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,138 shares of the communications equipment provider’s stock worth $154,000 after acquiring an additional 3,186 shares during the last quarter. 68.40% of the stock is owned by institutional investors and hedge funds.

Separately, BidaskClub upgraded Loral Space & Communications Ltd. from a “strong sell” rating to a “sell” rating in a research report on Tuesday, February 12th.

NASDAQ LORL opened at $34.96 on Wednesday. The company has a market cap of $1.08 billion, a P/E ratio of 24.73 and a beta of 1.03. Loral Space & Communications Ltd. has a one year low of $33.33 and a one year high of $48.09.

Loral Space & Communications Ltd. (NASDAQ:LORL) last released its quarterly earnings results on Thursday, May 9th. The communications equipment provider reported $1.23 EPS for the quarter.

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Loral Space & Communications Ltd. Profile

Loral Space & Communications Inc, a satellite communications company, offers satellite-based communications services to the broadcast, telecom, corporate, and government customers worldwide. As of December 31, 2018, the company provided satellite services to its customers through a fleet of 17 in-orbit geostationary satellites; and owned the Canadian Ka-band payload on the ViaSat-1 satellite.

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

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