Connective Portfolio Management LLC Makes New $736,000 Investment in EchoStar Corporation $SATS

Connective Portfolio Management LLC acquired a new position in shares of EchoStar Corporation (NASDAQ:SATS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,000 shares of the communications equipment provider’s stock, valued at approximately $736,000. EchoStar makes up about 1.3% of Connective Portfolio Management LLC’s portfolio, making the stock its 29th largest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Darsana Capital Partners LP increased its holdings in shares of EchoStar by 15.5% during the second quarter. Darsana Capital Partners LP now owns 8,960,000 shares of the communications equipment provider’s stock valued at $248,192,000 after acquiring an additional 1,201,672 shares in the last quarter. Geode Capital Management LLC grew its position in EchoStar by 11.5% during the 2nd quarter. Geode Capital Management LLC now owns 3,449,193 shares of the communications equipment provider’s stock valued at $95,553,000 after purchasing an additional 355,009 shares during the last quarter. Northern Trust Corp grew its holdings in shares of EchoStar by 25.3% during the first quarter. Northern Trust Corp now owns 1,699,986 shares of the communications equipment provider’s stock valued at $43,486,000 after buying an additional 343,590 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of EchoStar by 32.8% during the second quarter. Bank of New York Mellon Corp now owns 1,268,572 shares of the communications equipment provider’s stock valued at $35,139,000 after acquiring an additional 313,314 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of EchoStar by 30.1% during the second quarter. Invesco Ltd. now owns 913,292 shares of the communications equipment provider’s stock valued at $25,298,000 after acquiring an additional 211,421 shares in the last quarter. Institutional investors own 33.62% of the company’s stock.

Insider Activity

In other news, COO John Swieringa sold 22,000 shares of the business’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $67.34, for a total transaction of $1,481,480.00. Following the completion of the sale, the chief operating officer directly owned 283,509 shares of the company’s stock, valued at approximately $19,091,496.06. The trade was a 7.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Hamid Akhavan sold 285,832 shares of the company’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $105.33, for a total transaction of $30,106,684.56. Following the completion of the transaction, the chief executive officer owned 376,805 shares in the company, valued at $39,688,870.65. This represents a 43.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 55.70% of the company’s stock.

Key EchoStar News

Here are the key news stories impacting EchoStar this week:

• Positive Sentiment: Citi raised its price target to $111 (from $87), signaling stronger analyst conviction that gives the stock near‑term support and a higher valuation anchor. EchoStar price target raised to $111 from $87 at Citi
• Positive Sentiment: Speculation about a SpaceX IPO is boosting SATS because EchoStar owns SpaceX shares — any large valuation for SpaceX would materially lift EchoStar’s asset value and could trigger re-rating or monetization options. Why SpaceX IPO Talk Has Sent EchoStar Stock Into Orbit
• Positive Sentiment: Hughes (EchoStar’s unit) unveiled rugged LEO terminals for OneWeb, expanding enterprise and mission‑critical addressable markets — a concrete product/contract catalyst for future revenue growth. SATS Arm Unveils Rugged LEO Terminals for Mission-Critical Connectivity
• Positive Sentiment: Sector research highlights continued upside for satellite/LEO players through 2026 as connectivity demand expands — a macro tailwind that benefits EchoStar’s product and service lines. 3 Satellite Stocks Positioned to Gain From 2026 Connectivity Growth
• Neutral Sentiment: Valuation debate: a recent take asks whether the 2024 surge already priced in the good news — raises caution about upside from current levels and suggests investors reassess fundamentals vs. hype. EchoStar (SATS): Has the 2024 Surge Pushed the Stock Beyond Its Fair Value?
• Neutral Sentiment: Unusual options activity has been reported, indicating elevated speculative positioning — this increases volatility risk but does not by itself signal directional conviction. EchoStar Unusual Options Activity
• Negative Sentiment: High‑profile bearish commentary from Jim Cramer (“I think the play is over”) is prompting short‑term selling pressure and could dent momentum among retail investors. Jim Cramer on EchoStar: “I Think the Play Is Over”
• Negative Sentiment: Short/negative writeups echoing sell calls add downside pressure and could attract short sellers or force selling into weakness. Jim Cramer Bears Down On EchoStar (SATS)

Wall Street Analysts Forecast Growth

SATS has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on EchoStar from $97.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday. TD Cowen lifted their price target on shares of EchoStar from $28.00 to $67.00 and gave the stock a “buy” rating in a research note on Wednesday, August 27th. Morgan Stanley upgraded shares of EchoStar from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $82.00 to $110.00 in a report on Wednesday, December 10th. UBS Group boosted their target price on shares of EchoStar from $28.00 to $125.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of EchoStar in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, EchoStar currently has an average rating of “Hold” and a consensus target price of $108.80.

EchoStar Trading Down 1.9%

Shares of SATS stock opened at $106.76 on Wednesday. The company has a debt-to-equity ratio of 3.11, a quick ratio of 0.56 and a current ratio of 0.61. The stock has a fifty day simple moving average of $79.58 and a two-hundred day simple moving average of $57.03. The firm has a market capitalization of $30.73 billion, a PE ratio of -2.38 and a beta of 1.03. EchoStar Corporation has a 52-week low of $14.90 and a 52-week high of $111.39.

EchoStar (NASDAQ:SATS) last posted its quarterly earnings results on Thursday, November 6th. The communications equipment provider reported ($44.37) EPS for the quarter, missing analysts’ consensus estimates of ($1.23) by ($43.14). EchoStar had a positive return on equity of 0.39% and a negative net margin of 85.36%.The business had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same period in the prior year, the firm posted ($0.52) earnings per share. The firm’s revenue for the quarter was down 7.1% on a year-over-year basis. On average, analysts predict that EchoStar Corporation will post -1.99 EPS for the current fiscal year.

EchoStar Company Profile

EchoStar Corporation (NASDAQ: SATS) is a global provider of satellite communication solutions, offering a suite of broadband and video delivery services to consumer, enterprise and government customers. The company operates two principal business segments: Broadband and Video. Through its Broadband segment, EchoStar delivers high-speed satellite internet access, managed network services and ground infrastructure for residential, commercial and rural markets. Its Video segment provides satellite fleet operations, teleport facilities and capacity-leasing services to video distributors and content providers.

In the Broadband segment, EchoStar’s Hughes Network Systems division designs and manufactures satellite broadband equipment, including user terminals and gateways, and develops advanced network management technologies.