The Hanover Insurance Group, Inc. (THG) Is At $119.37 Formed Wedge; Loral Space & Communications Has 1 Sentiment

Loral Space & Communications Inc. (NASDAQ:LORL) Logo

The Hanover Insurance Group, Inc. (THG) formed wedge up with $126.53 target or 6.00% above today’s $119.37 share price. The Hanover Insurance Group, Inc. (THG) has $5.08B valuation. The stock decreased 0.32% or $0.38 during the last trading session, reaching $119.37. About 132,416 shares traded. The Hanover Insurance Group, Inc. (NYSE:THG) has risen 27.09% since April 25, 2017 and is uptrending. It has outperformed by 15.54% the S&P500.

Loral Space & Communications Inc (LORL) investors sentiment decreased to 1 in 2017 Q4. It’s down -0.68, from 1.68 in 2017Q3. The ratio has worsened, as 36 funds started new and increased equity positions, while 36 sold and decreased their positions in Loral Space & Communications Inc. The funds in our database reported: 20.80 million shares, up from 20.65 million shares in 2017Q3. Also, the number of funds holding Loral Space & Communications Inc in top ten equity positions decreased from 8 to 5 for a decrease of 3. Sold All: 2 Reduced: 34 Increased: 28 New Position: 8.

Loral Space & Communications Inc., a satellite communications company, provides satellite communications services to broadcast, telecom, corporate, and government clients worldwide. The company has market cap of $1.23 billion. As of December 31, 2016, the firm provided satellite services to its clients through a fleet of 15 in-orbit satellites; and owns the Canadian Ka-band payload on the ViaSat-1 satellite. It has a 9.24 P/E ratio. It also offers video distribution and direct-to-home video, as well as end-to-end communications services using satellite and hybrid satellite-ground networks; and broadcast services, including DTH, video distribution and contribution, and satellite transmission services for the broadcast of video news, sports, and live event coverage.

Mhr Fund Management Llc holds 16.82% of its portfolio in Loral Space & Communications Inc. for 8.53 million shares. Solus Alternative Asset Management Lp owns 1.84 million shares or 15.76% of their US portfolio. Moreover, Altalis Capital Management Llc has 5.2% invested in the company for 121,261 shares. The Texas-based Highland Capital Management Lp has invested 4.17% in the stock. Archer Capital Management L.P., a New York-based fund reported 217,539 shares.

The stock decreased 1.00% or $0.4 during the last trading session, reaching $39.7. About 40,892 shares traded. Loral Space & Communications Inc. (LORL) has risen 7.35% since April 25, 2017 and is uptrending. It has underperformed by 4.20% the S&P500.

Among 5 analysts covering Hanover Insurance Group (NYSE:THG), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Hanover Insurance Group had 16 analyst reports since August 15, 2015 according to SRatingsIntel. The rating was downgraded by Keefe Bruyette & Woods on Thursday, January 12 to “Underperform”. On Friday, April 6 the stock rating was maintained by Sandler O’Neill with “Buy”. The stock has “Neutral” rating by Piper Jaffray on Thursday, November 12. Wood upgraded The Hanover Insurance Group, Inc. (NYSE:THG) on Thursday, May 18 to “Market Perform” rating. The company was maintained on Thursday, February 1 by Sandler O’Neill. The rating was upgraded by BMO Capital Markets to “Outperform” on Monday, March 28. The stock has “Hold” rating by Keefe Bruyette & Woods on Monday, December 4. Zacks downgraded The Hanover Insurance Group, Inc. (NYSE:THG) on Saturday, August 15 to “Buy” rating. The firm earned “Hold” rating on Thursday, November 2 by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained the shares of THG in report on Friday, August 4 with “Hold” rating.

Loral Space & Communications Inc. (NASDAQ:LORL) Institutional Positions Chart