EchoStar Corporation (NASDAQ:SATS) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its position in EchoStar Corporation (NASDAQ:SATS) by 9.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,468 shares of the communications equipment provider’s stock after selling 4,249 shares during the quarter. Yousif Capital Management LLC’s holdings in EchoStar were worth $1,061,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Xponance Inc. boosted its holdings in EchoStar by 8.7% in the 4th quarter. Xponance Inc. now owns 8,773 shares of the communications equipment provider’s stock valued at $201,000 after purchasing an additional 701 shares during the last quarter. Gilder Gagnon Howe & Co. LLC boosted its holdings in EchoStar by 2.0% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 47,604 shares of the communications equipment provider’s stock valued at $1,090,000 after purchasing an additional 941 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in EchoStar by 8,125.0% in the 1st quarter. Farther Finance Advisors LLC now owns 987 shares of the communications equipment provider’s stock valued at $25,000 after purchasing an additional 975 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in EchoStar by 251.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,609 shares of the communications equipment provider’s stock valued at $37,000 after purchasing an additional 1,151 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in EchoStar by 0.8% in the 4th quarter. Swiss National Bank now owns 248,425 shares of the communications equipment provider’s stock valued at $5,689,000 after purchasing an additional 2,000 shares during the last quarter. 33.62% of the stock is currently owned by institutional investors and hedge funds.

EchoStar Stock Performance

NASDAQ:SATS opened at $24.87 on Thursday. The company’s 50-day moving average is $21.19 and its two-hundred day moving average is $24.23. The firm has a market capitalization of $7.15 billion, a price-to-earnings ratio of -33.16 and a beta of 0.74. EchoStar Corporation has a 1-year low of $14.79 and a 1-year high of $32.48. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.26 and a quick ratio of 1.19.

EchoStar (NASDAQ:SATS) last released its quarterly earnings results on Friday, May 9th. The communications equipment provider reported ($0.71) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.90) by $0.19. The business had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.87 billion. EchoStar had a negative net margin of 1.37% and a negative return on equity of 1.08%. The business’s revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.40) EPS. Analysts forecast that EchoStar Corporation will post -1.99 EPS for the current year.

About EchoStar

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.