EchoStar Co. (NASDAQ:SATS) Shares Acquired by Xponance Inc.

Xponance Inc. lifted its position in EchoStar Co. (NASDAQ:SATS) by 8.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,773 shares of the communications equipment provider’s stock after purchasing an additional 701 shares during the quarter. Xponance Inc.’s holdings in EchoStar were worth $201,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Citigroup Inc. boosted its holdings in shares of EchoStar by 32.7% in the third quarter. Citigroup Inc. now owns 164,534 shares of the communications equipment provider’s stock valued at $4,084,000 after acquiring an additional 40,533 shares during the period. Intech Investment Management LLC acquired a new stake in EchoStar during the 3rd quarter worth $651,000. Stonehill Capital Management LLC purchased a new position in EchoStar during the 3rd quarter worth $9,235,000. Illinois Municipal Retirement Fund increased its stake in EchoStar by 30.8% in the fourth quarter. Illinois Municipal Retirement Fund now owns 69,076 shares of the communications equipment provider’s stock valued at $1,582,000 after purchasing an additional 16,253 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of EchoStar in the third quarter valued at about $1,230,000. Hedge funds and other institutional investors own 33.62% of the company’s stock.

EchoStar Trading Down 4.5 %

NASDAQ SATS opened at $24.99 on Friday. EchoStar Co. has a 52-week low of $12.66 and a 52-week high of $32.48. The firm has a 50-day moving average price of $28.01 and a 200 day moving average price of $25.60. The stock has a market capitalization of $7.16 billion, a P/E ratio of -2.73 and a beta of 0.65. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 1.11.

EchoStar (NASDAQ:SATS) last posted its quarterly earnings results on Thursday, February 27th. The communications equipment provider reported $1.24 EPS for the quarter, beating the consensus estimate of ($0.63) by $1.87. EchoStar had a negative return on equity of 0.64% and a negative net margin of 15.51%. The business had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.93 billion. Equities research analysts expect that EchoStar Co. will post -1.99 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. UBS Group raised their price target on EchoStar from $15.00 to $28.00 and gave the stock a “neutral” rating in a report on Monday, January 13th. Morgan Stanley initiated coverage on EchoStar in a research note on Monday, December 16th. They issued an “equal weight” rating and a $25.00 target price on the stock. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $23.75.

EchoStar Company Profile

EchoStar Corporation, together with its subsidiaries, provides networking technologies and services worldwide. The company operates in four segments: Pay-TV, Retail Wireless, 5G Network Deployment, Broadband and Satellite Services. The Pay-TV segment offers a direct broadcast and fixed satellite services; designs, develops, and distributes receiver system; and provides digital broadcast operations, including satellite uplinking/downlinking, transmission and, other services to third-party pay-TV providers; and multichannel, live-linear and on-demand streaming over-the-top internet-based domestic, international, Latino, and Freestream video programming services under the DISH and SLING brand names.