Moment Partners LLC Makes New Investment in EchoStar Co. (NASDAQ:SATS)

Moment Partners LLC purchased a new position in shares of EchoStar Co. (NASDAQ:SATS - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,422 shares of the communications equipment provider's stock, valued at approximately $307,000.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of EchoStar by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 13,737,733 shares of the communications equipment provider's stock worth $314,594,000 after acquiring an additional 88,488 shares in the last quarter. LPL Financial LLC purchased a new position in EchoStar in the fourth quarter valued at approximately $204,000. KLP Kapitalforvaltning AS bought a new stake in EchoStar in the 4th quarter valued at about $616,000. American Century Companies Inc. lifted its holdings in shares of EchoStar by 1.0% in the fourth quarter. American Century Companies Inc. now owns 2,992,060 shares of the communications equipment provider's stock worth $68,518,000 after buying an additional 28,779 shares in the last quarter. Finally, Quantbot Technologies LP lifted its holdings in shares of EchoStar by 537.4% during the 4th quarter. Quantbot Technologies LP now owns 98,390 shares of the communications equipment provider's stock worth $2,253,000 after acquiring an additional 82,954 shares during the last quarter. 33.62% of the stock is currently owned by institutional investors.

EchoStar Trading Up 1.8 %

Shares of EchoStar stock traded up $0.44 on Monday, hitting $25.43. The stock had a trading volume of 482,240 shares, compared to its average volume of 1,665,184. The stock's 50-day simple moving average is $28.01 and its two-hundred day simple moving average is $25.63. EchoStar Co. has a one year low of $12.66 and a one year high of $32.48. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 1.11. The stock has a market cap of $7.29 billion, a price-to-earnings ratio of -2.77 and a beta of 0.65.

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EchoStar (NASDAQ:SATS - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The communications equipment provider reported $1.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.63) by $1.87. The firm had revenue of $3.97 billion for the quarter, compared to analysts' expectations of $3.93 billion. EchoStar had a negative net margin of 15.51% and a negative return on equity of 0.64%. As a group, sell-side analysts predict that EchoStar Co. will post -1.99 EPS for the current year.

Wall Street Analysts Forecast Growth

SATS has been the topic of several research reports. UBS Group lifted their price target on shares of EchoStar from $15.00 to $28.00 and gave the stock a "neutral" rating in a research note on Monday, January 13th. Morgan Stanley started coverage on shares of EchoStar in a research report on Monday, December 16th. They issued an "equal weight" rating and a $25.00 target price on the stock. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, EchoStar currently has an average rating of "Hold" and a consensus target price of $23.75.

EchoStar Company Profile

EchoStar Corporation, together with its subsidiaries, provides networking technologies and services worldwide. The company operates in four segments: Pay-TV, Retail Wireless, 5G Network Deployment, Broadband and Satellite Services. The Pay-TV segment offers a direct broadcast and fixed satellite services; designs, develops, and distributes receiver system; and provides digital broadcast operations, including satellite uplinking/downlinking, transmission and, other services to third-party pay-TV providers; and multichannel, live-linear and on-demand streaming over-the-top internet-based domestic, international, Latino, and Freestream video programming services under the DISH and SLING brand names.