Echostar CORP (NASDAQ:ECHO – Get Free Report) Director William David Wade sold 2,575 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $92.65, for a total transaction of $238,573.75. Following the sale, the director owned 2,749 shares of the company’s stock, valued at approximately $254,694.85. The trade was a 48.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
William David Wade also recently made the following trade(s):
- On Thursday, August 13th, William David Wade sold 2,425 shares of Echostar stock. The stock was sold at an average price of $91.48, for a total transaction of $221,839.00.
Echostar Trading Up 0.2%
Shares of NASDAQ ECHO traded up $0.21 during midday trading on Friday, hitting $91.89. The company’s stock had a trading volume of 2,112,664 shares, compared to its average volume of 7,037,955. Echostar CORP has a 1-year low of $26.52 and a 1-year high of $147.25. The company has a debt-to-equity ratio of 1.13, a quick ratio of 5.12 and a current ratio of 5.20. The firm has a market capitalization of $26.69 billion, a PE ratio of -3.69 and a beta of 1.03.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC increased its holdings in shares of Echostar by 4.1% during the first quarter. Parallel Advisors LLC now owns 2,089 shares of the company’s stock valued at $245,000 after purchasing an additional 83 shares during the period. Diversified Trust Co grew its position in Echostar by 0.4% in the 1st quarter. Diversified Trust Co now owns 22,845 shares of the company’s stock valued at $2,674,000 after buying an additional 84 shares in the last quarter. HB Wealth Management LLC grew its position in Echostar by 2.0% in the 4th quarter. HB Wealth Management LLC now owns 4,933 shares of the company’s stock valued at $536,000 after buying an additional 98 shares in the last quarter. Strs Ohio increased its stake in Echostar by 0.5% during the 1st quarter. Strs Ohio now owns 19,100 shares of the company’s stock valued at $2,236,000 after buying an additional 100 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in Echostar by 2.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,618 shares of the company’s stock valued at $611,000 after buying an additional 114 shares during the period. Institutional investors and hedge funds own 33.62% of the company’s stock.
Analyst Ratings Changes
A number of research analysts recently issued reports on ECHO shares. Citigroup reduced their price objective on Echostar from $126.00 to $117.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Raymond James Financial raised Echostar from a “market perform” rating to a “strong-buy” rating and set a $115.00 target price on the stock in a research report on Friday, July 17th. Williams Trading set a $155.00 price target on shares of Echostar in a report on Monday, May 18th. Wall Street Zen upgraded shares of Echostar from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, New Street Research set a $165.00 price objective on shares of Echostar in a report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Echostar presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.00.
Read Our Latest Stock Analysis on Echostar
About Echostar
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.
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