Vivaldi Asset Management adds Loral Space & Communications Ltd. (LORL) to its portfolio

Loral Space & Communications Ltd. (LORL) : Vivaldi Asset Management added new position in Loral Space & Communications Ltd. during the most recent quarter end. The investment management firm now holds 47,399 shares of Loral Space & Communications Ltd. which is valued at $1,699,254 , the company said in a statement filed on Aug 9, 2016 with the SEC.Loral Space & Communications Ltd. makes up approximately 0.90% of Vivaldi Asset Management’s portfolio.

Other Hedge Funds, Including , Teacher Retirement System Of Texas boosted its stake in LORL in the latest quarter, The investment management firm added 239 additional shares and now holds a total of 1,937 shares of Loral Space & Communications Ltd. which is valued at $70,100. Trellus Management Company sold out all of its stake in LORL during the most recent quarter. The investment firm sold 8,072 shares of LORL which is valued $290,915.

Loral Space & Communications Ltd. closed down -0.62 points or -1.72% at $35.42 with 38,111 shares getting traded on Wednesday. Post opening the session at $36.14, the shares hit an intraday low of $35.25 and an intraday high of $36.15 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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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