Loral Space and Communications, Inc. (LORL) Stake Lessened by Alliancebernstein L.P.

Alliancebernstein L.P. decreased its holdings in Loral Space and Communications, Inc. (NASDAQ:LORL) by 13.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 17,405 shares of the communications equipment provider’s stock after selling 2,700 shares during the period. Alliancebernstein L.P. owned approximately 0.06% of Loral Space and Communications worth $723,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of LORL. Legal & General Group Plc increased its stake in shares of Loral Space and Communications by 43.5% in the 2nd quarter. Legal & General Group Plc now owns 11,425 shares of the communications equipment provider’s stock valued at $475,000 after purchasing an additional 3,463 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in shares of Loral Space and Communications by 32.6% in the 2nd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 123,568 shares of the communications equipment provider’s stock valued at $5,134,000 after purchasing an additional 30,403 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in shares of Loral Space and Communications by 12.8% in the 2nd quarter. Gamco Investors INC. ET AL now owns 686,495 shares of the communications equipment provider’s stock valued at $28,524,000 after purchasing an additional 77,929 shares during the last quarter. Glacier Peak Capital LLC increased its stake in shares of Loral Space and Communications by 2.0% in the 2nd quarter. Glacier Peak Capital LLC now owns 131,872 shares of the communications equipment provider’s stock valued at $5,479,000 after purchasing an additional 2,524 shares during the last quarter. Finally, Vivaldi Asset Management LLC increased its stake in shares of Loral Space and Communications by 315.6% in the 2nd quarter. Vivaldi Asset Management LLC now owns 182,857 shares of the communications equipment provider’s stock valued at $7,598,000 after purchasing an additional 138,863 shares during the last quarter. Institutional investors own 68.29% of the company’s stock.

Separately, BidaskClub lowered Loral Space and Communications from a “buy” rating to a “hold” rating in a research note on Saturday, August 19th.

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Loral Space and Communications Company Profile

Loral Space & Communications Inc is a satellite communications company. The Company, through its ownership interests in affiliates, is engaged in satellite-based communications services. The Company participates in satellite services operations through its interest in Telesat Holdings Inc, which owns Telesat Canada (Telesat), a global fixed satellite services (FSS) operator, with offices and facilities around the world.

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Institutional Ownership by Quarter for Loral Space and Communications (NASDAQ:LORL)

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