Northern Trust Corp Trims Stock Holdings in Loral Space & Communications Inc. (NASDAQ:LORL)


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Northern Trust Corp trimmed its position in Loral Space & Communications Inc. (NASDAQ:LORL) by 7.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 149,646 shares of the communications equipment provider’s stock after selling 11,520 shares during the period. Northern Trust Corp’s holdings in Loral Space & Communications Inc. were worth $3,141,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of LORL. Citigroup Inc. increased its stake in Loral Space & Communications Inc. by 154.6% in the fourth quarter. Citigroup Inc. now owns 2,767 shares of the communications equipment provider’s stock valued at $58,000 after purchasing an additional 1,680 shares during the last quarter. Belvedere Trading LLC purchased a new position in shares of Loral Space & Communications Inc. in the 4th quarter worth about $333,000. Great West Life Assurance Co. Can grew its holdings in shares of Loral Space & Communications Inc. by 4,017.3% during the 3rd quarter. Great West Life Assurance Co. Can now owns 28,162 shares of the communications equipment provider’s stock worth $349,000 after purchasing an additional 27,478 shares during the period. IndexIQ Advisors LLC increased its position in Loral Space & Communications Inc. by 19.4% during the 4th quarter. IndexIQ Advisors LLC now owns 17,735 shares of the communications equipment provider’s stock worth $372,000 after purchasing an additional 2,883 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in Loral Space & Communications Inc. by 20.4% during the fourth quarter. Wells Fargo & Company MN now owns 18,599 shares of the communications equipment provider’s stock valued at $390,000 after buying an additional 3,151 shares in the last quarter. 86.87% of the stock is owned by institutional investors and hedge funds.

NASDAQ:LORL opened at $37.60 on Friday. Loral Space & Communications Inc. has a 12 month low of $14.85 and a 12 month high of $50.85. The business’s 50-day moving average is $41.50 and its two-hundred day moving average is $28.16.

Loral Space & Communications Inc. Company Profile

Loral Space & Communications Inc, a satellite communications company, provides satellite-based communications services to the broadcast, corporate, and government customers worldwide. As of December 31, 2020, the company provided satellite services to its customers through a fleet of 15 in-orbit geostationary satellites; and owned the Canadian Ka-band payload on the ViaSat-1 satellite.

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

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