Gamco Investors INC. ET AL lowered its position in Telesat Corp (NASDAQ:TSAT - Free Report) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,931,523 shares of the company's stock after selling 14,790 shares during the period. Gamco Investors INC. ET AL owned 14.16% of Telesat worth $31,754,000 at the end of the most recent reporting period.
Separately, JPMorgan Chase & Co. grew its stake in shares of Telesat by 1,395.5% during the 4th quarter. JPMorgan Chase & Co. now owns 2,632 shares of the company's stock worth $43,000 after acquiring an additional 2,456 shares in the last quarter.
Telesat Stock Down 2.1 %
Shares of NASDAQ:TSAT traded down $0.36 during trading on Friday, hitting $16.94. 56,006 shares of the company were exchanged, compared to its average volume of 53,748. The stock has a market cap of $231.08 million, a price-to-earnings ratio of 6.97 and a beta of 2.07. The company has a current ratio of 4.36, a quick ratio of 4.36 and a debt-to-equity ratio of 1.11. The firm has a fifty day moving average price of $19.35 and a two-hundred day moving average price of $16.54. Telesat Corp has a fifty-two week low of $7.01 and a fifty-two week high of $25.38.
Telesat (NASDAQ:TSAT - Get Free Report) last issued its quarterly earnings results on Thursday, March 27th. The company reported ($5.90) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.21) by ($4.69). Telesat had a negative return on equity of 3.16% and a net margin of 7.99%. The company had revenue of $88.94 million for the quarter, compared to analyst estimates of $120.60 million.
About Telesat
(
Free Report)
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.
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