Nissay Asset Management Corp Japan Acquires Shares of 17,661 Echostar CORP $ECHO

Posted by Brenda Bartman on Sep 2nd, 2026

Nissay Asset Management Corp Japan acquired a new position in Echostar CORP (NASDAQ:ECHO – Free Report) in the second quarter, HoldingsChannel.com reports. The fund acquired 17,661 shares of the company’s stock, valued at approximately $1,793,000.

Several other hedge funds have also modified their holdings of ECHO. Public Employees Retirement System of Ohio acquired a new stake in shares of Echostar during the 2nd quarter valued at about $4,100,000. Great Lakes Advisors LLC acquired a new position in Echostar in the 2nd quarter worth about $1,562,000. Mirabella Financial Services LLP acquired a new position in Echostar in the 2nd quarter worth about $603,000. MGO One Seven LLC purchased a new position in Echostar during the second quarter worth approximately $517,000. Finally, Levin Capital Strategies L.P. purchased a new position in Echostar during the second quarter worth approximately $913,000. 33.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ECHO has been the subject of a number of recent analyst reports. Wall Street Zen upgraded Echostar from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $137.00 target price on shares of Echostar in a research report on Wednesday, July 15th. Raymond James Financial raised shares of Echostar from a “market perform” rating to a “strong-buy” rating and set a $115.00 price target on the stock in a research note on Friday, July 17th. TD Cowen reduced their price objective on shares of Echostar from $155.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Finally, Citigroup decreased their price objective on shares of Echostar from $126.00 to $117.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. One 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $132.00.

Check Out Our Latest Stock Analysis on ECHO

Echostar Price Performance

Shares of Echostar stock opened at $86.04 on Wednesday. The firm’s 50 day moving average price is $89.81. Echostar CORP has a 12 month low of $60.35 and a 12 month high of $147.25. The firm has a market capitalization of $24.99 billion, a PE ratio of -3.45 and a beta of 1.00. The company has a quick ratio of 5.12, a current ratio of 5.20 and a debt-to-equity ratio of 1.13.

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

Insiders Place Their Bets

In other news, Director Stephen J. Bye sold 8,508 shares of the 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 $58,658.99. This represents a 92.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director William David Wade sold 2,425 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $91.48, for a total transaction of $221,839.00. Following the completion of the transaction, the director directly owned 324 shares in the company, valued at approximately $29,639.52. This represents a 88.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 66,094 shares of company stock valued at $7,587,592 in the last 90 days. 55.70% of the stock is owned by insiders.

Echostar Company 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.