Gabelli Funds LLC trimmed its stake in shares of Telesat Corp (NASDAQ:TSAT - Free Report) by 7.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 767,720 shares of the company's stock after selling 66,000 shares during the quarter. Gabelli Funds LLC owned approximately 5.63% of Telesat worth $12,621,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Separately, JPMorgan Chase & Co. lifted its holdings in shares of Telesat by 1,395.5% in the 4th quarter. JPMorgan Chase & Co. now owns 2,632 shares of the company's stock worth $43,000 after purchasing an additional 2,456 shares in the last quarter.
Telesat Stock Up 2.1 %
Shares of TSAT stock traded up $0.33 during trading hours on Tuesday, reaching $15.83. The company had a trading volume of 10,026 shares, compared to its average volume of 53,678. The company has a debt-to-equity ratio of 1.11, a current ratio of 4.36 and a quick ratio of 4.36. The company has a market cap of $215.94 million, a price-to-earnings ratio of 6.51 and a beta of 2.07. The business has a fifty day simple moving average of $19.13 and a 200-day simple moving average of $16.62. Telesat Corp has a 12 month low of $7.01 and a 12 month high of $25.38.
Telesat (NASDAQ:TSAT - Get Free Report) last released its quarterly earnings data on Thursday, March 27th. The company reported ($5.90) earnings per share for the quarter, missing analysts' consensus estimates of ($1.21) by ($4.69). Telesat had a net margin of 7.99% and a negative return on equity of 3.16%. The business had revenue of $88.94 million during the quarter, compared to analysts' expectations of $120.60 million.
Telesat Company Profile
(
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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