Shannon River Fund Management Lowers stake in Loral Space & Communications Ltd. (LORL)

Loral Space & Communications Ltd. (LORL) : Shannon River Fund Management reduced its stake in Loral Space & Communications Ltd. by 17.88% during the most recent quarter end. The investment management company now holds a total of 441,816 shares of Loral Space & Communications Ltd. which is valued at $16,877,371 after selling 96,184 shares in Loral Space & Communications Ltd. , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Loral Space & Communications Ltd. makes up approximately 4.81% of Shannon River Fund Management’s portfolio.

Other Hedge Funds, Including , Aqr Capital Management boosted its stake in LORL in the latest quarter, The investment management firm added 6,605 additional shares and now holds a total of 20,801 shares of Loral Space & Communications Ltd. which is valued at $794,598. Citadel Advisors added LORL to its portfolio by purchasing 41,148 company shares during the most recent quarter which is valued at $1,528,648.Blackrock Group Ltd reduced its stake in LORL by selling 155 shares or 1.87% in the most recent quarter. The Hedge Fund company now holds 8,149 shares of LORL which is valued at $299,883. Wealthtrust-arizona added LORL to its portfolio by purchasing 20 company shares during the most recent quarter which is valued at $768.

Loral Space & Communications Ltd. closed down -0.15 points or -0.38% at $39.75 with 49,644 shares getting traded on Monday. Post opening the session at $40, the shares hit an intraday low of $39.45 and an intraday high of $40 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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 62.8% economic interest in Telesat Holdings Inc. (Telesat Holdco) which owns Telesat Canada (Telesat). Telesat owns and leases a satellite fleet that operates in geosynchronous earth orbit approximately 22000 miles above the equator. The Company also own 56% of XTAR LLC (XTAR) a joint venture between Loral and Hisdesat Servicios Estrategicos S.A. (Hisdesat). XTAR owns and operates an X-band satellite. Telesat earns revenue by providing ground-based transmit and receive services selling equipment installing managing and maintaining satellite networks and providing consulting services in the field of satellite communications. Telesat categorizes its revenues into: Broadcast Enterprise Services and Consulting & Other.

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