Public Employees Retirement System of Ohio Has $54,000 Stock Position in EchoStar Co. (NASDAQ:SATS)

Public Employees Retirement System of Ohio reduced its stake in shares of EchoStar Co. (NASDAQ:SATS) by 69.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,343 shares of the communications equipment provider’s stock after selling 5,227 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in EchoStar were worth $54,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Smartleaf Asset Management LLC lifted its position in shares of EchoStar by 251.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,609 shares of the communications equipment provider’s stock worth $37,000 after buying an additional 1,151 shares during the last quarter. State of Wyoming bought a new stake in shares of EchoStar during the 4th quarter worth $47,000. Quarry LP lifted its position in shares of EchoStar by 8,906.7% during the 4th quarter. Quarry LP now owns 4,053 shares of the communications equipment provider’s stock worth $93,000 after buying an additional 4,008 shares during the last quarter. Covestor Ltd lifted its position in shares of EchoStar by 189.1% during the 4th quarter. Covestor Ltd now owns 4,796 shares of the communications equipment provider’s stock worth $110,000 after buying an additional 3,137 shares during the last quarter. Finally, KBC Group NV lifted its position in shares of EchoStar by 65.1% during the 4th quarter. KBC Group NV now owns 6,684 shares of the communications equipment provider’s stock worth $153,000 after buying an additional 2,635 shares during the last quarter. 33.62% of the stock is owned by institutional investors and hedge funds.

EchoStar Price Performance

Shares of SATS stock opened at $17.48 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 1.11. The company has a market cap of $5.02 billion, a P/E ratio of -1.91 and a beta of 0.74. EchoStar Co. has a twelve month low of $14.79 and a twelve month high of $32.48. The business has a fifty day simple moving average of $21.63 and a 200 day simple moving average of $24.48.

EchoStar (NASDAQ:SATS) last posted its earnings results on Friday, May 9th. The communications equipment provider reported ($0.71) EPS for the quarter, beating the consensus estimate of ($0.90) by $0.19. The firm had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.87 billion. EchoStar had a negative return on equity of 0.64% and a negative net margin of 15.51%. The business’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period last year, the company earned ($0.40) earnings per share. On average, sell-side analysts forecast that EchoStar Co. will post -1.99 EPS for the current fiscal year.

EchoStar 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.