The Manufacturers Life Insurance Company Acquires Shares of 7,677 Loral Space & Communications Inc. (NASDAQ:LORL)

The Manufacturers Life Insurance Company acquired a new stake in shares of Loral Space & Communications Inc. (NASDAQ:LORL) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,677 shares of the communications equipment provider’s stock, valued at approximately $289,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LORL. Gamco Investors INC. ET AL lifted its holdings in Loral Space & Communications Inc. by 12.6% during the fourth quarter. Gamco Investors INC. ET AL now owns 1,242,000 shares of the communications equipment provider’s stock valued at $26,070,000 after purchasing an additional 138,881 shares during the last quarter. P Schoenfeld Asset Management LP bought a new stake in shares of Loral Space & Communications Inc. during the fourth quarter valued at about $2,099,000. Canada Pension Plan Investment Board bought a new stake in shares of Loral Space & Communications Inc. during the fourth quarter valued at about $852,000. Garnet Equity Capital Holdings Inc. bought a new stake in shares of Loral Space & Communications Inc. during the fourth quarter valued at about $669,000. Finally, Penserra Capital Management LLC increased its position in shares of Loral Space & Communications Inc. by 44.2% during the fourth quarter. Penserra Capital Management LLC now owns 94,782 shares of the communications equipment provider’s stock valued at $1,989,000 after buying an additional 29,048 shares during the period. 83.53% of the stock is currently owned by institutional investors and hedge funds.

Shares of LORL opened at $36.36 on Friday. The firm’s 50-day moving average is $38.09. Loral Space & Communications Inc. has a twelve month low of $16.18 and a twelve month high of $50.85.

Loral Space & Communications Inc. (NASDAQ:LORL) last announced its quarterly earnings results on Friday, May 14th. The communications equipment provider reported $0.98 earnings per share for the quarter.

Loral Space & Communications Inc. Company Profile

Loral Space & Communications Inc, a satellite communications company, provides satellite-based communications services to the broadcast, corporate, and government customers worldwide. As of December 31, 2020, the company provided satellite services to its customers through a fleet of 15 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 Inc. (NASDAQ:LORL)

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