Telesat Corporation $TSAT Holdings Raised by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc raised its stake in shares of Telesat Corporation (NASDAQ:TSAT) by 128.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 58,000 shares of the company’s stock after buying an additional 32,600 shares during the period. K.J. Harrison & Partners Inc owned about 0.41% of Telesat worth $1,609,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. PCJ Investment Counsel Ltd. raised its holdings in shares of Telesat by 0.9% during the second quarter. PCJ Investment Counsel Ltd. now owns 113,850 shares of the company’s stock worth $2,768,000 after acquiring an additional 1,050 shares in the last quarter. Penserra Capital Management LLC increased its position in Telesat by 4.5% in the 3rd quarter. Penserra Capital Management LLC now owns 29,995 shares of the company’s stock worth $794,000 after purchasing an additional 1,280 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of Telesat by 63.3% during the 1st quarter. Acadian Asset Management LLC now owns 6,381 shares of the company’s stock worth $119,000 after purchasing an additional 2,473 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. lifted its holdings in shares of Telesat by 6.9% during the 2nd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 79,161 shares of the company’s stock valued at $1,935,000 after buying an additional 5,100 shares during the last quarter. Finally, TD Waterhouse Canada Inc. grew its stake in shares of Telesat by 59.8% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 15,981 shares of the company’s stock valued at $426,000 after buying an additional 5,981 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Telesat in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Telesat Stock Performance

TSAT opened at $32.98 on Thursday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 4.11 and a current ratio of 4.11. The company has a market cap of $467.99 million, a PE ratio of -4.18 and a beta of 2.06. The stock has a 50-day moving average of $29.74 and a 200-day moving average of $27.60. Telesat Corporation has a 52-week low of $14.77 and a 52-week high of $36.85.

Telesat Profile

Telesat is a leading global satellite operator that designs, builds and delivers high-performance satellite communications solutions across multiple markets. The company operates a fleet of geostationary satellites to provide video distribution, data networking and managed broadband services to media companies, network operators, governments and enterprise customers. Telesat’s infrastructure supports television distribution, cellular backhaul, rural broadband and corporate network applications.

In addition to its geostationary offerings, Telesat is developing a low Earth orbit (LEO) satellite constellation known as Lightspeed.