4,094 Shares in EchoStar Corporation $SATS Purchased by Roundview Capital LLC

Roundview Capital LLC acquired a new position in EchoStar Corporation (NASDAQ:SATSFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,094 shares of the communications equipment provider’s stock, valued at approximately $445,000.

Several other large investors also recently added to or reduced their stakes in SATS. CoreCap Advisors LLC purchased a new stake in EchoStar in the 4th quarter worth about $28,000. Rosenberg Matthew Hamilton purchased a new stake in EchoStar in the 4th quarter worth about $29,000. Caitong International Asset Management Co. Ltd purchased a new stake in EchoStar in the 3rd quarter worth about $38,000. Tucker Asset Management LLC purchased a new stake in EchoStar in the 4th quarter worth about $42,000. Finally, BOKF NA grew its holdings in EchoStar by 300.0% during the 4th quarter. BOKF NA now owns 400 shares of the communications equipment provider’s stock valued at $43,000 after buying an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 33.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SATS shares. UBS Group lifted their target price on EchoStar from $125.00 to $127.00 and gave the company a “neutral” rating in a report on Tuesday, March 3rd. Zacks Research lowered EchoStar from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. Wall Street Zen raised EchoStar from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Citigroup lifted their target price on EchoStar from $111.00 to $121.00 and gave the company a “neutral” rating in a report on Tuesday, February 3rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of EchoStar in a report on Monday, April 20th. Four investment 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. Based on data from MarketBeat.com, EchoStar has a consensus rating of “Hold” and a consensus price target of $137.14.

Get Our Latest Stock Analysis on EchoStar

EchoStar Stock Down 0.5%

SATS stock opened at $122.46 on Thursday. The company has a quick ratio of 0.27, a current ratio of 0.30 and a debt-to-equity ratio of 3.17. The firm has a market capitalization of $35.49 billion, a PE ratio of -2.44 and a beta of 0.95. EchoStar Corporation has a twelve month low of $14.90 and a twelve month high of $147.25. The stock has a 50-day simple moving average of $123.83 and a two-hundred day simple moving average of $110.41.

EchoStar (NASDAQ:SATSGet Free Report) last issued its quarterly earnings results on Saturday, May 9th. The communications equipment provider reported ($0.51) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.03). The business had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.65 billion. EchoStar had a negative net margin of 97.56% and a negative return on equity of 4.80%. During the same quarter last year, the business posted ($0.71) EPS. On average, equities analysts predict that EchoStar Corporation will post -3.79 EPS for the current fiscal year.

Insider Transactions at EchoStar

In other news, CEO Hamid Akhavan sold 71,005 shares of EchoStar stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $107.52, for a total transaction of $7,634,457.60. Following the completion of the sale, the chief executive officer owned 823,293 shares in the company, valued at approximately $88,520,463.36. This trade represents a 7.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO John Swieringa sold 50,088 shares of EchoStar stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $113.58, for a total value of $5,688,995.04. Following the sale, the chief operating officer owned 253,535 shares of the company’s stock, valued at approximately $28,796,505.30. This trade represents a 16.50% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 55.90% of the company’s stock.

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.

Further Reading

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Institutional Ownership by Quarter for EchoStar (NASDAQ:SATS)

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