E. Ohman J or Asset Management AB Takes Position in EchoStar Corporation $SATS

E. Ohman J or Asset Management AB acquired a new position in shares of EchoStar Corporation (NASDAQ:SATS) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 4,620 shares of the communications equipment provider’s stock, valued at approximately $502,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SATS. SG Americas Securities LLC boosted its stake in EchoStar by 2.8% in the fourth quarter. SG Americas Securities LLC now owns 36,310 shares of the communications equipment provider’s stock valued at $3,947,000 after acquiring an additional 989 shares in the last quarter. Diversified Trust Co. increased its position in shares of EchoStar by 48.9% during the fourth quarter. Diversified Trust Co. now owns 22,761 shares of the communications equipment provider’s stock worth $2,474,000 after purchasing an additional 7,479 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of EchoStar during the 4th quarter valued at $426,000. MKT Advisors LLC purchased a new stake in shares of EchoStar during the 4th quarter valued at $244,000. Finally, Nordea Investment Management AB acquired a new stake in shares of EchoStar in the 4th quarter worth $1,233,000. Hedge funds and other institutional investors own 33.62% of the company’s stock.

EchoStar Stock Down 6.4%

SATS stock opened at $111.40 on Friday. The firm’s fifty day simple moving average is $114.00 and its 200-day simple moving average is $94.87. The company has a market capitalization of $32.18 billion, a P/E ratio of -2.21 and a beta of 1.01. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.42 and a quick ratio of 0.38. EchoStar Corporation has a 12 month low of $14.90 and a 12 month high of $132.25.

Insider Buying and Selling at EchoStar

In other news, COO John Swieringa sold 50,088 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $113.58, for a total value of $5,688,995.04. Following the completion of the transaction, the chief operating officer owned 253,535 shares of the company’s stock, valued at $28,796,505.30. The trade was a 16.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Hamid Akhavan sold 71,005 shares of the company’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $107.52, for a total value of $7,634,457.60. Following the completion of the sale, the chief executive officer owned 823,293 shares in the company, valued at $88,520,463.36. The trade was a 7.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 55.90% of the stock is currently owned by corporate insiders.

Trending Headlines about EchoStar

Here are the key news stories impacting EchoStar this week:

• Positive Sentiment: Inclusion in the S&P 500 creates structural demand from index funds and ETFs as they rebalance, supporting buying pressure for SATS. S&P 500 Rebalancing: 3 Key AI Stocks Earn Their Spot in the Index (SATS)
• Positive Sentiment: High short interest (reported ~21.5% of float) combined with S&P inclusion raises the possibility of a short squeeze if buying accelerates. Here’s What May Trigger a Short Squeeze for New S&P 500 Member EchoStar
• Positive Sentiment: Widespread reports that SpaceX may file for an IPO have lifted satellite and space-infrastructure names, providing sector tailwinds that helped push SATS higher earlier in the week. SpaceX could soon file for an IPO. Why EchoStar and other space stocks are rising.
• Positive Sentiment: Unusual options activity showed large call buying (over 25k calls), signaling bullish positioning by some traders that can amplify short-term upside. (Options volume reported 3/25)
• Positive Sentiment: Technical strength: shares recently cleared the 50-day moving average amid the SpaceX/IPO-driven rally, which some momentum traders view as a buy signal. EchoStar Stock Just Broke Above Its 50-Day Moving Average on SpaceX IPO Hype.
• Neutral Sentiment: Analyst/estimate momentum: recent coverage noted a large one-day gain and some upward earnings-estimate revisions, which could sustain strength but are not a guarantee. EchoStar (SATS) Moves 7.4% Higher: Will This Strength Last?
• Negative Sentiment: Some analysts and commentary warn the SpaceX-related upside may be largely priced in already, reducing the scope for further immediate gains and increasing the risk of profit-taking. EchoStar: The SpaceX Deal May Already Be Priced In

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SATS. UBS Group boosted their target price on EchoStar from $125.00 to $127.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 3rd. TD Cowen reissued a “buy” rating on shares of EchoStar in a report on Wednesday, January 7th. Weiss Ratings restated a “sell (d-)” rating on shares of EchoStar in a research note on Wednesday, January 21st. Citigroup upped their price objective on shares of EchoStar from $111.00 to $121.00 and gave the company a “neutral” rating in a report on Tuesday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of EchoStar from $97.00 to $131.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $134.17.

EchoStar 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.