Renaissance Technologies LLC Takes Position in Loral Space & Communications Ltd. (LORL)

Renaissance Technologies LLC acquired a new position in shares of Loral Space & Communications Ltd. (NASDAQ:LORL) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 154,700 shares of the communications equipment provider’s stock, valued at approximately $5,817,000. Renaissance Technologies LLC owned about 0.50% of Loral Space & Communications Ltd. as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. UBS Group AG lifted its position in shares of Loral Space & Communications Ltd. by 20.6% during the 1st quarter. UBS Group AG now owns 7,701 shares of the communications equipment provider’s stock worth $321,000 after buying an additional 1,315 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Loral Space & Communications Ltd. by 11.3% during the 2nd quarter. Legal & General Group Plc now owns 16,744 shares of the communications equipment provider’s stock worth $630,000 after buying an additional 1,702 shares during the last quarter. Northern Trust Corp lifted its position in shares of Loral Space & Communications Ltd. by 1.4% during the 1st quarter. Northern Trust Corp now owns 167,077 shares of the communications equipment provider’s stock worth $6,959,000 after buying an additional 2,378 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Loral Space & Communications Ltd. by 8.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 61,621 shares of the communications equipment provider’s stock worth $2,567,000 after buying an additional 4,572 shares during the last quarter. Finally, Levin Capital Strategies L.P. bought a new stake in shares of Loral Space & Communications Ltd. during the 2nd quarter worth $207,000. Institutional investors and hedge funds own 66.69% of the company’s stock.

Shares of LORL stock opened at $45.38 on Friday. Loral Space & Communications Ltd. has a twelve month low of $36.85 and a twelve month high of $50.42.

Separately, BidaskClub upgraded Loral Space & Communications Ltd. from a “hold” rating to a “buy” rating in a research report on Friday, October 5th.

Loral Space & Communications Ltd. Company Profile

Loral Space & Communications Inc, a satellite communications company, provides satellite-based communications services to broadcast, telecom, corporate, and government customers worldwide. As of December 31, 2017, the company provided satellite services to its customers through a fleet of 15 in-orbit satellites; and owns the Canadian Ka-band payload on the ViaSat-1 satellite.

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Institutional Ownership by Quarter for Loral Space & Communications Ltd. (NASDAQ:LORL)

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