Kestra Private Wealth Services LLC Purchases New Position in Echostar CORP $ECHO

Posted by Stanley Muller on Aug 14th, 2026

Kestra Private Wealth Services LLC purchased a new stake in Echostar CORP (NASDAQ:ECHO – Free Report) during the second quarter, according to its most recent filing with the SEC. The firm purchased 41,805 shares of the company’s stock, valued at approximately $4,243,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AQR Capital Management LLC grew its holdings in Echostar by 6.0% during the first quarter. AQR Capital Management LLC now owns 26,805 shares of the company’s stock valued at $672,000 after purchasing an additional 1,511 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Echostar by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 72,482 shares of the company’s stock worth $1,854,000 after purchasing an additional 3,199 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Echostar by 8.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 331,476 shares of the company’s stock worth $8,479,000 after purchasing an additional 24,749 shares during the period. Strs Ohio bought a new position in shares of Echostar during the first quarter worth $128,000. Finally, Hsbc Holdings PLC boosted its position in shares of Echostar by 18.6% during the second quarter. Hsbc Holdings PLC now owns 13,528 shares of the company’s stock worth $377,000 after purchasing an additional 2,119 shares in the last quarter. Institutional investors own 33.62% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on ECHO. Wall Street Zen upgraded shares of Echostar from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. TD Cowen decreased their target price on Echostar from $155.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Raymond James Financial upgraded Echostar from a “market perform” rating to a “strong-buy” rating and set a $115.00 price target for the company in a report on Friday, July 17th. Weiss Ratings initiated coverage on Echostar in a research report on Monday, July 6th. They set a “sell (d-)” rating on the stock. Finally, Williams Trading set a $155.00 price objective on Echostar in a report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Echostar presently has an average rating of “Moderate Buy” and an average target price of $132.00.

Check Out Our Latest Analysis on Echostar

Echostar Stock Down 0.9%

NASDAQ:ECHO opened at $91.68 on Friday. The company has a market cap of $26.63 billion, a price-to-earnings ratio of -3.68 and a beta of 1.03. Echostar CORP has a twelve month low of $26.52 and a twelve month high of $147.25. The company has a debt-to-equity ratio of 1.13, a current ratio of 5.20 and a quick ratio of 5.12.

Echostar (NASDAQ:ECHO – Get Free Report) last posted its quarterly earnings data on Saturday, May 9th. The company reported ($0.51) earnings per share (EPS) for the quarter. The business had revenue of $3.67 billion during the quarter. Echostar had a negative net margin of 38.71% and a negative return on equity of 1.28%. On average, research analysts expect that Echostar CORP will post -1.35 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Hamid Akhavan sold 52,586 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief executive officer owned 865,633 shares of the company’s stock, valued at approximately $104,741,593. This trade represents a 5.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stephen J. Bye sold 8,508 shares of Echostar stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $89.83, for a total value of $764,273.64. Following the completion of the sale, the director directly owned 653 shares in the company, valued at approximately $58,658.99. This represents a 92.87% decrease in their position. The SEC filing for this sale provides additional information. 2.00% of the stock is currently owned by company insiders.

Echostar Profile

(Free Report)

EchoStar Corporation is a communications company that provides satellite and wireless services, video distribution, and broadband connectivity solutions. Its business has historically been centered on satellite technology and related services, serving customers through a range of connectivity and network offerings.

The company operates through several segments that support pay-TV, enterprise, government, and consumer communications needs. Its services and technologies have included satellite television distribution, broadband satellite access, network infrastructure, and wireless communications capabilities.

EchoStar was founded in 1980 and has long been associated with satellite communications in the United States.