Atreides Management LP Invests $97.95 Million in EchoStar Corporation $SATS

Posted by Brenda Bartman on Jun 18th, 2026

Atreides Management LP bought a new position in EchoStar Corporation (NASDAQ:SATS – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 901,084 shares of the communications equipment provider’s stock, valued at approximately $97,948,000. EchoStar accounts for about 1.2% of Atreides Management LP’s holdings, making the stock its 16th largest holding. Atreides Management LP owned about 0.31% of EchoStar as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SATS. Hollencrest Capital Management acquired a new stake in shares of EchoStar in the fourth quarter worth $26,000. CoreCap Advisors LLC acquired a new stake in shares of EchoStar in the fourth quarter worth $28,000. Rosenberg Matthew Hamilton acquired a new stake in shares of EchoStar in the fourth quarter worth $29,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of EchoStar in the third quarter worth $38,000. Finally, Tucker Asset Management LLC acquired a new stake in shares of EchoStar in the fourth quarter worth $42,000. Institutional investors and hedge funds own 33.62% of the company’s stock.

Insiders Place Their Bets

In other EchoStar news, CEO Hamid Akhavan sold 52,586 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $121.00, for a total transaction of $6,362,906.00. Following the transaction, the chief executive officer directly owned 865,633 shares in the company, valued at $104,741,593. This trade represents a 5.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 55.90% of the stock is currently owned by company insiders.

EchoStar Price Performance

Shares of NASDAQ:SATS opened at $111.70 on Thursday. EchoStar Corporation has a 1 year low of $24.15 and a 1 year high of $147.25. The business has a fifty day simple moving average of $125.33 and a 200 day simple moving average of $115.79. The company has a current ratio of 0.30, a quick ratio of 0.27 and a debt-to-equity ratio of 3.17. The firm has a market cap of $32.37 billion, a price-to-earnings ratio of -2.23 and a beta of 0.94.

EchoStar (NASDAQ:SATS – Get Free Report) last posted its earnings results on Saturday, May 9th. The communications equipment provider reported ($0.51) earnings per share for the quarter, missing the consensus estimate of ($0.48) by ($0.03). EchoStar had a negative net margin of 97.56% and a negative return on equity of 4.80%. The company had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter last year, the business earned ($0.71) earnings per share.

Wall Street Analysts Forecast Growth

SATS has been the subject of several recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of EchoStar in a report on Monday, April 20th. TD Cowen increased their price objective on EchoStar from $129.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Williams Trading set a $155.00 price objective on EchoStar in a report on Monday, May 18th. Zacks Research lowered EchoStar from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. Finally, UBS Group increased their price objective on EchoStar from $125.00 to $127.00 and gave the stock a “neutral” rating in a report on Tuesday, March 3rd. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $137.71.

Read Our Latest Research Report on SATS

EchoStar Company Profile

(Free Report)

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.