Western Standard LLC reduced its position in Loral Space and Communications, Inc. (NASDAQ:LORL) by 48.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 68,541 shares of the communications equipment provider’s stock after selling 64,500 shares during the period. Loral Space and Communications accounts for about 4.5% of Western Standard LLC’s portfolio, making the stock its 8th largest position. Western Standard LLC owned approximately 0.22% of Loral Space and Communications worth $3,393,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd acquired a new stake in Loral Space and Communications in the 2nd quarter worth approximately $282,000. Voya Investment Management LLC boosted its stake in Loral Space and Communications by 20.2% in the 2nd quarter. Voya Investment Management LLC now owns 6,350 shares of the communications equipment provider’s stock worth $264,000 after purchasing an additional 1,068 shares in the last quarter. Vivaldi Asset Management LLC boosted its stake in Loral Space and Communications by 315.6% in 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. Aperio Group LLC boosted its stake in Loral Space and Communications by 31.4% in the 3rd quarter. Aperio Group LLC now owns 12,963 shares of the communications equipment provider’s stock worth $642,000 after purchasing an additional 3,099 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its stake in Loral Space and Communications by 0.6% in the 3rd quarter. Gamco Investors INC. ET AL now owns 690,488 shares of the communications equipment provider’s stock worth $34,179,000 after purchasing an additional 3,993 shares in the last quarter. Institutional investors and hedge funds own 68.19% of the company’s stock.

Separately, BidaskClub cut shares of Loral Space and Communications from a “buy” rating to a “hold” rating in a research note on Saturday, August 19th.

Shares of Loral Space and Communications, Inc. (LORL) opened at $45.10 on Wednesday. The company has a quick ratio of 5.54, a current ratio of 5.54 and a debt-to-equity ratio of 0.28. Loral Space and Communications, Inc. has a 12 month low of $36.80 and a 12 month high of $51.75.

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Loral Space and Communications 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.

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

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