2 weeks Ago By ABMN Staff
Public Employees Retirement Association of Colorado trimmed its position in EchoStar Co. ( NASDAQ:SATS – Free Report ) by 10.0% during the 2nd quarter, HoldingsChannel reports.
The institutional investor owned 16,152 shares of the communications equipment provider’s stock after selling 1,802 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in EchoStar were worth $288,000 at the end of the most recent reporting period. Other large investors also recently bought and sold shares of the company.
Texas Permanent School Fund Corp boosted its stake in shares of EchoStar by 263.3% in the first quarter. Texas Permanent School Fund Corp now owns 105,421 shares of the communications equipment provider’s stock worth $1,502,000 after acquiring an additional 76,407 shares during the last quarter.
UniSuper Management Pty Ltd acquired a new stake in EchoStar during the 1st quarter worth $398,000. State of New Jersey Common Pension Fund D purchased a new stake in shares of EchoStar during the second quarter worth $1,830,000. P Schoenfeld Asset Management LP acquired a new stake in shares of EchoStar in the fourth quarter valued at about $3,782,000.
Finally, Vanguard Group Inc. lifted its stake in shares of EchoStar by 238.7% in the first quarter.
Vanguard Group Inc. now owns 13,707,909 shares of the communications equipment provider’s stock worth $195,338,000 after buying an additional 9,661,167 shares in the last quarter. 33.
62% of the stock is currently owned by hedge funds and other institutional investors. EchoStar Stock Up 8.9 % Shares of SATS opened at $28.
04 on Friday. The company’s 50-day moving average price is $20.74 and its 200 day moving average price is $18.
04. EchoStar Co. has a 12-month low of $9.
53 and a 12-month high of $30.08. The company has a current ratio of 0.
40, a quick ratio of 0.32 and a debt-to-equity ratio of 1.00.
The firm has a market cap of $7.62 billion, a P/E ratio of -3.64 and a beta of 0.
70. Analysts Set New Price Targets Several brokerages recently issued reports on SATS. UBS Group upped their price objective on shares of EchoStar from $14.
00 to $15.00 and gave the company a “neutral” rating in a research note on Tuesday, August 13th. TD Cowen cut their price target on EchoStar from $38.
00 to $37.00 and set a “buy” rating for the company in a report on Monday, August 12th. JPMorgan Chase & Co.
reissued an “underweight” rating and set a $12.00 price objective on shares of EchoStar in a research note on Monday, August 12th. Morgan Stanley raised their target price on EchoStar from $14.
00 to $20.00 and gave the stock an “equal weight” rating in a research note on Friday, September 13th. Finally, StockNews.
com raised shares of EchoStar to a “sell” rating in a research report on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.
com, the company has a consensus rating of “Hold” and an average target price of $23.00. Read Our Latest Report on EchoStar EchoStar Company Profile ( 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. Recommended Stories 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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