15,475 Shares in Telesat Corporation $TSAT Acquired by Militia Capital Management LLC

Militia Capital Management LLC bought a new position in Telesat Corporation (NASDAQ:TSAT) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 15,475 shares of the company’s stock, valued at approximately $560,000. Militia Capital Management LLC owned 0.10% of Telesat as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. PenderFund Capital Management Ltd. boosted its holdings in shares of Telesat by 307.3% during the third quarter. PenderFund Capital Management Ltd. now owns 409,753 shares of the company’s stock worth $10,512,000 after purchasing an additional 309,153 shares during the last quarter. Senvest Management LLC increased its stake in Telesat by 261.5% in the fourth quarter. Senvest Management LLC now owns 134,668 shares of the company’s stock valued at $3,919,000 after purchasing an additional 97,411 shares during the last quarter. Millennium Management LLC increased its stake in Telesat by 245.4% in the fourth quarter. Millennium Management LLC now owns 128,472 shares of the company’s stock valued at $3,739,000 after purchasing an additional 91,272 shares during the last quarter. Polar Asset Management Partners Inc. lifted its position in Telesat by 83.0% during the third quarter. Polar Asset Management Partners Inc. now owns 105,225 shares of the company’s stock worth $2,779,000 after buying an additional 47,725 shares during the period. Finally, Gamco Investors INC. ET AL lifted its position in Telesat by 2.5% during the fourth quarter. Gamco Investors INC. ET AL now owns 1,831,693 shares of the company’s stock worth $53,302,000 after buying an additional 44,785 shares during the period.

Wall Street Analysts Forecast Growth

TSAT has been the subject of several recent analyst reports. Scotiabank assumed coverage on Telesat in a report on Monday, July 13th. They issued a “hold” rating for the company. Zacks Research lowered shares of Telesat from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Stifel Nicolaus began coverage on shares of Telesat in a research report on Thursday, July 16th. They issued a “buy” rating on the stock. Wall Street Zen cut shares of Telesat from a “sell” rating to a “strong sell” rating in a research report on Saturday, April 25th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Telesat in a report on Thursday, June 18th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $33.50.

Telesat Price Performance

Shares of Telesat stock opened at $40.18 on Tuesday. The business’s fifty day moving average price is $44.22 and its 200 day moving average price is $40.67. Telesat Corporation has a twelve month low of $19.59 and a twelve month high of $59.12. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $596.27 million, a P/E ratio of -4.45 and a beta of 2.07.

Telesat (NASDAQ:TSAT) last announced its quarterly earnings results on Tuesday, May 5th. The company reported ($2.21) EPS for the quarter, missing the consensus estimate of ($0.67) by ($1.54). The firm had revenue of $62.62 million for the quarter, compared to analyst estimates of $62.03 million. Telesat had a negative return on equity of 4.02% and a negative net margin of 47.57%. As a group, research analysts anticipate that Telesat Corporation will post -4.01 earnings per share for the current year.

Telesat Company Profile

Telesat is a leading global satellite operator that designs, builds and delivers high-performance satellite communications solutions across multiple markets. The company operates a fleet of geostationary satellites to provide video distribution, data networking and managed broadband services to media companies, network operators, governments and enterprise customers. Telesat’s infrastructure supports television distribution, cellular backhaul, rural broadband and corporate network applications.

In addition to its geostationary offerings, Telesat is developing a low Earth orbit (LEO) satellite constellation known as Lightspeed.