19 hours Ago By ABMN Staff
KLP Kapitalforvaltning AS bought a new position in shares of EchoStar Co. ( NASDAQ:SATS – Free Report ) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 26,906 shares of the communications equipment provider’s stock, valued at approximately $616,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC grew its holdings in shares of EchoStar by 251.3% during the fourth 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 in the last quarter. KBC Group NV increased its stake in EchoStar by 65.1% during the fourth quarter.
KBC Group NV now owns 6,684 shares of the communications equipment provider’s stock worth $153,000 after acquiring an additional 2,635 shares during the last quarter. Xponance Inc. raised its holdings in EchoStar by 8.
7% in the fourth quarter. Xponance Inc. now owns 8,773 shares of the communications equipment provider’s stock valued at $201,000 after buying an additional 701 shares during the period.
Cibc World Markets Corp purchased a new position in shares of EchoStar in the 4th quarter valued at $261,000. Finally, Neo Ivy Capital Management purchased a new position in EchoStar in the third quarter valued at about $272,000. 33.
62% of the stock is currently owned by hedge funds and other institutional investors. Analysts Set New Price Targets A number of equities analysts have commented on SATS shares. UBS Group boosted their price objective on shares of EchoStar from $15.
00 to $28.00 and gave the stock a “neutral” rating in a report on Monday, January 13th. Morgan Stanley began coverage on shares of EchoStar in a report on Monday, December 16th.
They issued an “equal weight” rating and a $25.00 price objective for the company. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock.
According to MarketBeat.com, EchoStar presently has a consensus rating of “Hold” and a consensus price target of $23.75.
EchoStar Stock Up 4.4 % SATS stock opened at $26.29 on Thursday.
The company’s 50 day simple moving average is $27.91 and its 200-day simple moving average is $25.66.
The company has a debt-to-equity ratio of 1.11, a current ratio of 0.67 and a quick ratio of 0.
61. EchoStar Co. has a 52-week low of $12.
66 and a 52-week high of $32.48. The firm has a market capitalization of $7.
53 billion, a P/E ratio of -2.87 and a beta of 0.65.
EchoStar ( NASDAQ:SATS – Get Free Report ) last announced its quarterly earnings data on Thursday, February 27th. The communications equipment provider reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.
63) by $1.87. The business had revenue of $3.
97 billion during the quarter, compared to analyst estimates of $3.93 billion. EchoStar had a negative return on equity of 0.
64% and a negative net margin of 15.51%. As a group, equities research analysts anticipate that EchoStar Co.
will post -1.99 EPS for the current year. About EchoStar ( Free Report ) 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. See Also Want to see what other hedge funds are holding SATS? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for EchoStar Co. ( NASDAQ:SATS – Free Report ). Receive News & Ratings for EchoStar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EchoStar and related companies with MarketBeat.
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