Victory Capital Management Inc. Increases Stake in Loral Space & Communications Inc. (NASDAQ:LORL)

Victory Capital Management Inc. boosted its position in shares of Loral Space & Communications Inc. (NASDAQ:LORL) by 99.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 15,072 shares of the communications equipment provider’s stock after purchasing an additional 7,519 shares during the quarter. Victory Capital Management Inc. owned about 0.07% of Loral Space & Communications Inc. worth $648,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its stake in Loral Space & Communications Inc. by 3.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,934 shares of the communications equipment provider’s stock valued at $308,000 after acquiring an additional 257 shares during the period. Legal & General Group Plc lifted its stake in Loral Space & Communications Inc. by 11.1% during the 2nd quarter. Legal & General Group Plc now owns 2,606 shares of the communications equipment provider’s stock valued at $101,000 after acquiring an additional 260 shares during the period. Advisor Group Holdings Inc. lifted its stake in Loral Space & Communications Inc. by 4.4% during the 2nd quarter. Advisor Group Holdings Inc. now owns 13,051 shares of the communications equipment provider’s stock valued at $507,000 after acquiring an additional 550 shares during the period. Parametric Portfolio Associates LLC lifted its stake in Loral Space & Communications Inc. by 5.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 12,116 shares of the communications equipment provider’s stock valued at $471,000 after acquiring an additional 668 shares during the period. Finally, Royal Bank of Canada lifted its stake in Loral Space & Communications Inc. by 37.3% during the 2nd quarter. Royal Bank of Canada now owns 2,767 shares of the communications equipment provider’s stock valued at $107,000 after acquiring an additional 752 shares during the period. Institutional investors and hedge funds own 82.14% of the company’s stock.

LORL opened at $41.52 on Friday. The stock has a market capitalization of $889.77 million, a P/E ratio of 11.28 and a beta of 1.85. The company’s 50-day simple moving average is $42.41 and its two-hundred day simple moving average is $41.14. Loral Space & Communications Inc. has a 52-week low of $19.55 and a 52-week high of $56.54.

Loral Space & Communications Inc. (NASDAQ:LORL) last posted its earnings results on Tuesday, November 9th. The communications equipment provider reported ($0.81) earnings per share (EPS) for the quarter.

Loral Space & Communications Inc. Profile

Loral Space & Communications, Inc engages in the provision of satellite-based communication services to broadcast, enterprise, and consulting customers. It offers video distribution and direct-to-home video, as well as end-to-end communications services using both satellite and hybrid satellite-ground networks.

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

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