ARS Investment Partners LLC purchased a new position in Telesat Corp (NASDAQ:TSAT – Get Rating) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 67,929 shares of the company’s stock, valued at approximately $1,948,000. ARS Investment Partners LLC owned approximately 0.32% of Telesat as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the business. Renaissance Technologies LLC acquired a new position in shares of Telesat in the fourth quarter worth $1,325,000. Charles Schwab Investment Management Inc. acquired a new position in shares of Telesat during the fourth quarter worth $798,000. Rhumbline Advisers acquired a new position in shares of Telesat during the fourth quarter worth $407,000. JPMorgan Chase & Co. acquired a new position in shares of Telesat during the fourth quarter worth $262,000. Finally, Citigroup Inc. acquired a new position in shares of Telesat during the fourth quarter worth $92,000.
Shares of TSAT stock traded down $0.16 on Thursday, reaching $14.89. 97,784 shares of the stock were exchanged, compared to its average volume of 118,508. The company has a quick ratio of 9.16, a current ratio of 9.16 and a debt-to-equity ratio of 0.01. The company’s 50 day moving average price is $15.13. The stock has a market cap of $178.98 million, a P/E ratio of 3.63 and a beta of 2.00. Telesat Corp has a twelve month low of $11.01 and a twelve month high of $48.35.
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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