Swiss National Bank raised its holdings in shares of Globalstar, Inc. (NYSEAMERICAN:GSAT) by 12.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 917,554 shares of the Wireless communications provider’s stock after buying an additional 100,000 shares during the period. Swiss National Bank owned about 0.07% of Globalstar worth $1,202,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in GSAT. Private Advisor Group LLC lifted its position in Globalstar by 650.0% during the third quarter. Private Advisor Group LLC now owns 75,000 shares of the Wireless communications provider’s stock valued at $122,000 after buying an additional 65,000 shares in the last quarter. Teacher Retirement System of Texas lifted its position in Globalstar by 360.4% during the fourth quarter. Teacher Retirement System of Texas now owns 185,863 shares of the Wireless communications provider’s stock valued at $243,000 after buying an additional 145,490 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in Globalstar by 35.1% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,099,713 shares of the Wireless communications provider’s stock valued at $2,751,000 after buying an additional 545,789 shares in the last quarter.
Separately, TheStreet lowered shares of Globalstar from a “c-” rating to a “d+” rating in a research note on Friday, February 2nd.
ILLEGAL ACTIVITY NOTICE: “Globalstar, Inc. (GSAT) Shares Bought by Swiss National Bank” was originally posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another website, it was stolen and republished in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/03/14/globalstar-inc-gsat-shares-bought-by-swiss-national-bank.html.
Globalstar, Inc (Globalstar) provides mobile satellite services (MSS), including voice and data communications services globally through satellite. The Company provides wireless communications services in areas not served or underserved by terrestrial wireless and wireline networks and in circumstances where terrestrial networks are not operational due to natural or man-made disasters.
Receive News & Ratings for Globalstar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Globalstar and related companies with MarketBeat.com's FREE daily email newsletter.