Principal Financial Group Inc. Sells 139,511 Shares of EchoStar Corporation $SATS

Posted by Geri Gentry on Jul 23rd, 2026

Principal Financial Group Inc. lowered its stake in shares of EchoStar Corporation (NASDAQ:SATS – Free Report) by 47.8% in the first quarter, Holdings Channel reports. The firm owned 152,128 shares of the communications equipment provider’s stock after selling 139,511 shares during the period. Principal Financial Group Inc.’s holdings in EchoStar were worth $17,810,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of SATS. Diversified Trust Co boosted its holdings in shares of EchoStar by 0.4% during the 1st quarter. Diversified Trust Co now owns 22,845 shares of the communications equipment provider’s stock worth $2,674,000 after buying an additional 84 shares during the period. HB Wealth Management LLC grew its position in shares of EchoStar by 2.0% in the fourth quarter. HB Wealth Management LLC now owns 4,933 shares of the communications equipment provider’s stock valued at $536,000 after purchasing an additional 98 shares during the last quarter. Strs Ohio lifted its position in shares of EchoStar by 0.5% during the 1st quarter. Strs Ohio now owns 19,100 shares of the communications equipment provider’s stock worth $2,236,000 after purchasing an additional 100 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in EchoStar by 2.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,618 shares of the communications equipment provider’s stock valued at $611,000 after purchasing an additional 114 shares during the period. Finally, Fifth Third Bancorp grew its holdings in EchoStar by 8.1% in the 4th quarter. Fifth Third Bancorp now owns 1,800 shares of the communications equipment provider’s stock valued at $196,000 after buying an additional 135 shares during the last quarter. Institutional investors own 33.62% of the company’s stock.

Insider Buying and Selling at EchoStar

In other EchoStar news, CEO Hamid Akhavan sold 52,586 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $121.00, for a total value 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. The trade was 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 this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 55.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. New Street Research set a $165.00 price objective on EchoStar in a research report on Monday, June 15th. Williams Trading set a $155.00 price target on shares of EchoStar in a research report on Monday, May 18th. Wall Street Zen upgraded shares of EchoStar from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. TD Cowen increased their target price on shares of EchoStar from $129.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of EchoStar in a research note on Monday, April 20th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, EchoStar currently has a consensus rating of “Hold” and a consensus target price of $137.71.

Check Out Our Latest Stock Analysis on SATS

EchoStar Trading Down 0.1%

Shares of SATS opened at $103.80 on Thursday. EchoStar Corporation has a 1 year low of $24.15 and a 1 year high of $147.25. 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 stock has a 50 day simple moving average of $114.65 and a 200-day simple moving average of $117.02. The stock has a market cap of $30.08 billion, a PE ratio of -2.07 and a beta of 0.94.

EchoStar (NASDAQ:SATS – Get Free Report) last announced its quarterly earnings results on Saturday, May 9th. The communications equipment provider reported ($0.51) earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter last year, the company earned ($0.71) earnings per share.

About EchoStar

(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.