MUFG Securities EMEA plc Invests $1.17 Million in Loral Space & Communications Ltd. (LORL)

MUFG Securities EMEA plc purchased a new position in Loral Space & Communications Ltd. (NASDAQ:LORL) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 31,500 shares of the communications equipment provider’s stock, valued at approximately $1,173,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Northern Trust Corp lifted its holdings in Loral Space & Communications Ltd. by 1.4% during the 2nd quarter. Northern Trust Corp now owns 169,413 shares of the communications equipment provider’s stock worth $6,370,000 after buying an additional 2,336 shares during the period. Victory Capital Management Inc. acquired a new position in shares of Loral Space & Communications Ltd. in the 3rd quarter valued at about $668,000. Prudential Financial Inc. acquired a new position in shares of Loral Space & Communications Ltd. in the 3rd quarter valued at about $209,000. BlackRock Inc. lifted its stake in shares of Loral Space & Communications Ltd. by 5.7% in the 3rd quarter. BlackRock Inc. now owns 877,576 shares of the communications equipment provider’s stock valued at $39,841,000 after purchasing an additional 47,581 shares during the period. Finally, Allianz Asset Management GmbH acquired a new position in shares of Loral Space & Communications Ltd. in the 3rd quarter valued at about $447,000. 66.19% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently issued reports on LORL. BidaskClub downgraded Loral Space & Communications Ltd. from a “buy” rating to a “hold” rating in a research note on Saturday, December 1st. ValuEngine downgraded Loral Space & Communications Ltd. from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th.

Shares of NASDAQ:LORL opened at $38.42 on Friday. Loral Space & Communications Ltd. has a 1 year low of $34.06 and a 1 year high of $48.09.

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Loral Space & Communications Ltd. Company Profile

Loral Space & Communications Inc, a satellite communications company, provides satellite-based communications services to broadcast, telecom, corporate, and government customers worldwide. As of December 31, 2017, the company provided satellite services to its customers through a fleet of 15 in-orbit satellites; and owns the Canadian Ka-band payload on the ViaSat-1 satellite.

Further Reading: Systematic Risk and Investors

Want to see what other hedge funds are holding LORL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Loral Space & Communications Ltd. (NASDAQ:LORL).

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

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