Occudo Quantitative Strategies LP Buys Shares of 9,423 EchoStar Co. (NASDAQ:SATS)

Occudo Quantitative Strategies LP bought a new stake in shares of EchoStar Co. (NASDAQ:SATS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 9,423 shares of the communications equipment provider’s stock, valued at approximately $216,000.

Several other hedge funds and other institutional investors have also bought and sold shares of SATS. Diameter Capital Partners LP boosted its position in EchoStar by 523.7% during the 4th quarter. Diameter Capital Partners LP now owns 5,026,823 shares of the communications equipment provider’s stock valued at $115,114,000 after acquiring an additional 4,220,853 shares in the last quarter. Darsana Capital Partners LP boosted its position in EchoStar by 133.3% during the 4th quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the communications equipment provider’s stock valued at $160,300,000 after acquiring an additional 4,000,000 shares in the last quarter. Deutsche Bank AG boosted its position in EchoStar by 325.3% during the 4th quarter. Deutsche Bank AG now owns 940,950 shares of the communications equipment provider’s stock valued at $21,548,000 after acquiring an additional 719,685 shares in the last quarter. Invesco Ltd. boosted its position in EchoStar by 26.0% during the 4th quarter. Invesco Ltd. now owns 2,301,367 shares of the communications equipment provider’s stock valued at $52,701,000 after acquiring an additional 474,313 shares in the last quarter. Finally, FIL Ltd lifted its holdings in shares of EchoStar by 139.9% during the 4th quarter. FIL Ltd now owns 601,250 shares of the communications equipment provider’s stock valued at $13,769,000 after purchasing an additional 350,650 shares during the last quarter. Institutional investors own 33.62% of the company’s stock.

EchoStar Stock Performance

Shares of SATS opened at $23.39 on Friday. EchoStar Co. has a 12 month low of $14.79 and a 12 month high of $32.48. The stock has a fifty day moving average price of $23.65 and a 200-day moving average price of $24.99. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 1.11. The firm has a market cap of $6.70 billion, a PE ratio of -2.55 and a beta of 0.83.

EchoStar (NASDAQ:SATS) last issued its quarterly earnings data on Friday, May 9th. The communications equipment provider reported ($0.71) EPS for the quarter, beating the consensus estimate of ($0.90) by $0.19. EchoStar had a negative return on equity of 0.64% and a negative net margin of 15.51%. The firm had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.87 billion. During the same quarter in the prior year, the business posted ($0.40) EPS. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. Equities research analysts predict that EchoStar Co. will post -1.99 earnings per share for the current fiscal year.

EchoStar Company Profile

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.