Proxima Capital Management LLC Grows Position in Loral Space & Communications Ltd. (LORL)

Proxima Capital Management LLC increased its position in Loral Space & Communications Ltd. (NASDAQ:LORL) by 47.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,800 shares of the communications equipment provider’s stock after acquiring an additional 23,800 shares during the period. Loral Space & Communications Ltd. makes up about 1.6% of Proxima Capital Management LLC’s investment portfolio, making the stock its 20th biggest position. Proxima Capital Management LLC’s holdings in Loral Space & Communications Ltd. were worth $2,775,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Renaissance Technologies LLC acquired a new stake in shares of Loral Space & Communications Ltd. in the 2nd quarter worth approximately $5,817,000. GABELLI & Co INVESTMENT ADVISERS INC. grew its holdings in shares of Loral Space & Communications Ltd. by 10.4% in the 2nd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 146,468 shares of the communications equipment provider’s stock worth $5,507,000 after acquiring an additional 13,800 shares during the period. Gamco Investors INC. ET AL grew its holdings in shares of Loral Space & Communications Ltd. by 2.3% in the 2nd quarter. Gamco Investors INC. ET AL now owns 805,393 shares of the communications equipment provider’s stock worth $30,283,000 after acquiring an additional 18,035 shares during the period. Gabelli Funds LLC grew its holdings in shares of Loral Space & Communications Ltd. by 4.1% in the 2nd quarter. Gabelli Funds LLC now owns 701,839 shares of the communications equipment provider’s stock worth $26,389,000 after acquiring an additional 27,607 shares during the period. Finally, Western Standard LLC grew its holdings in shares of Loral Space & Communications Ltd. by 152.3% in the 2nd quarter. Western Standard LLC now owns 129,645 shares of the communications equipment provider’s stock worth $4,875,000 after acquiring an additional 78,254 shares during the period. Institutional investors and hedge funds own 67.13% of the company’s stock.

Separately, BidaskClub upgraded Loral Space & Communications Ltd. from a “sell” rating to a “hold” rating in a report on Saturday, September 1st.

NASDAQ:LORL traded down $0.10 during trading hours on Friday, reaching $43.00. 939 shares of the company traded hands, compared to its average volume of 54,205. Loral Space & Communications Ltd. has a 1-year low of $36.85 and a 1-year high of $51.75.

Loral Space & Communications Ltd. 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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