SEB Asset Management AB Purchases Shares of 29,889 EchoStar Corporation $SATS

Posted by Brian Himes on Jul 23rd, 2026

SEB Asset Management AB acquired a new position in shares of EchoStar Corporation (NASDAQ:SATS – Free Report) in the first quarter, HoldingsChannel.com reports. The firm acquired 29,889 shares of the communications equipment provider’s stock, valued at approximately $3,499,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SATS. Hollencrest Capital Management bought a new position in shares of EchoStar in the fourth quarter valued at about $26,000. CoreCap Advisors LLC acquired a new position in EchoStar in the 4th quarter valued at about $28,000. Caitong International Asset Management Co. Ltd acquired a new position in EchoStar in the 3rd quarter valued at about $38,000. Tucker Asset Management LLC bought a new position in EchoStar in the 4th quarter valued at about $42,000. Finally, BOKF NA lifted its position in EchoStar by 300.0% during the fourth quarter. BOKF NA now owns 400 shares of the communications equipment provider’s stock worth $43,000 after acquiring an additional 300 shares during the last quarter. 33.62% of the stock is currently owned by institutional investors and hedge funds.

EchoStar Stock Performance

Shares of NASDAQ:SATS opened at $103.80 on Thursday. EchoStar Corporation has a 12-month low of $24.15 and a 12-month high of $147.25. The company’s 50 day moving average price is $114.65 and its two-hundred day moving average price is $117.02. The firm has a market cap of $30.08 billion, a PE ratio of -2.07 and a beta of 0.94. The company has a quick ratio of 0.27, a current ratio of 0.30 and a debt-to-equity ratio of 3.17.

EchoStar (NASDAQ:SATS – Get Free Report) last released 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). The business had revenue of $3.67 billion during the quarter, compared to analyst estimates 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 in the previous year, the firm posted ($0.71) earnings per share.

Insider Buying and Selling

In other EchoStar news, CEO Hamid Akhavan sold 52,586 shares of the firm’s stock in a transaction on 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 owned 865,633 shares in the company, valued at $104,741,593. This trade represents a 5.73% decrease in their position. The transaction was disclosed in a legal 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.

Wall Street Analysts Forecast Growth

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

Get Our Latest Report on SATS

EchoStar 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.