Solus Alternative Asset Management LP lessened its holdings in Loral Space and Communications, Inc. (NASDAQ:LORL) by 0.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,936,891 shares of the communications equipment provider’s stock after selling 11,200 shares during the period. Loral Space and Communications accounts for approximately 15.0% of Solus Alternative Asset Management LP’s portfolio, making the stock its 2nd largest holding. Solus Alternative Asset Management LP owned approximately 9.04% of Loral Space and Communications worth $80,478,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Gamco Investors INC. ET AL boosted its stake in shares of Loral Space and Communications by 12.8% during the second quarter. Gamco Investors INC. ET AL now owns 686,495 shares of the communications equipment provider’s stock valued at $28,524,000 after acquiring an additional 77,929 shares during the last quarter. Vivaldi Asset Management LLC increased its position in Loral Space and Communications by 315.6% during the 2nd quarter. Vivaldi Asset Management LLC now owns 182,857 shares of the communications equipment provider’s stock worth $7,598,000 after purchasing an additional 138,863 shares in the last quarter. Northern Trust Corp increased its position in 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 purchasing an additional 3,459 shares in the last quarter. Western Standard LLC increased its position in Loral Space and Communications by 35.6% during the 2nd quarter. Western Standard LLC now owns 133,041 shares of the communications equipment provider’s stock worth $5,528,000 after purchasing an additional 34,920 shares in the last quarter. Finally, Glacier Peak Capital LLC increased its position in Loral Space and Communications by 2.0% during the 2nd quarter. Glacier Peak Capital LLC now owns 131,872 shares of the communications equipment provider’s stock worth $5,479,000 after purchasing an additional 2,524 shares in the last quarter. Institutional investors and hedge funds own 68.31% of the company’s stock.

Separately, BidaskClub downgraded shares of Loral Space and Communications from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 12th.

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Loral Space and Communications, Inc. (LORL) traded up 0.40% on Wednesday, reaching $49.70. 15,722 shares of the company’s stock were exchanged. The stock has a market capitalization of $1.54 billion, a P/E ratio of 28.93 and a beta of 1.19. Loral Space and Communications, Inc. has a 1-year low of $35.55 and a 1-year high of $50.55. The firm’s 50 day moving average is $45.69 and its 200 day moving average is $42.09.

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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