Citadel Advisors LLC lowered its position in shares of Loral Space and Communications, Inc. (NASDAQ:LORL) by 34.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,197 shares of the communications equipment provider’s stock after selling 22,489 shares during the quarter. Citadel Advisors LLC owned 0.14% of Loral Space and Communications worth $1,753,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Northern Trust Corp grew its stake in shares of Loral Space and Communications by 2.1% during the 2nd quarter. Northern Trust Corp now owns 168,718 shares of the communications equipment provider’s stock worth $7,010,000 after acquiring an additional 3,459 shares in the last quarter. TIAA CREF Investment Management LLC raised its holdings in shares of Loral Space and Communications by 3.3% in the second quarter. TIAA CREF Investment Management LLC now owns 35,347 shares of the communications equipment provider’s stock valued at $1,469,000 after purchasing an additional 1,124 shares during the last quarter. Teachers Advisors LLC raised its holdings in shares of Loral Space and Communications by 14.2% in the second quarter. Teachers Advisors LLC now owns 25,000 shares of the communications equipment provider’s stock valued at $1,039,000 after purchasing an additional 3,111 shares during the last quarter. Vivaldi Asset Management LLC raised its holdings in shares of Loral Space and Communications by 315.6% in the second quarter. Vivaldi Asset Management LLC now owns 182,857 shares of the communications equipment provider’s stock valued at $7,598,000 after purchasing an additional 138,863 shares during the last quarter. Finally, Glacier Peak Capital LLC raised its holdings in shares of Loral Space and Communications by 2.0% in the second quarter. Glacier Peak Capital LLC now owns 131,872 shares of the communications equipment provider’s stock valued at $5,479,000 after purchasing an additional 2,524 shares during the last quarter. 68.31% of the stock is owned by hedge funds and other institutional investors.

Separately, BidaskClub raised shares of Loral Space and Communications from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th.

Loral Space and Communications, Inc. (NASDAQ LORL) opened at 49.50 on Monday. Loral Space and Communications, Inc. has a 52-week low of $35.55 and a 52-week high of $49.55. The company has a 50-day moving average of $45.09 and a 200-day moving average of $41.42. The company has a market cap of $1.53 billion, a P/E ratio of 28.81 and a beta of 1.18.

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Loral Space and Communications Company Profile

Loral Space & Communications Inc is a satellite communications company. The Company, through its ownership interests in affiliates, is engaged in satellite-based communications services. The Company participates in satellite services operations through its interest in Telesat Holdings Inc, which owns Telesat Canada (Telesat), a global fixed satellite services (FSS) operator, with offices and facilities around the world.

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Institutional Ownership by Quarter for Loral Space and Communications (NASDAQ:LORL)

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