Bank of Montreal Can Buys 14,947 Shares of EchoStar Co. (NASDAQ:SATS)

Bank of Montreal Can lifted its stake in shares of EchoStar Co. (NASDAQ:SATS - Free Report) by 119.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,491 shares of the communications equipment provider's stock after acquiring an additional 14,947 shares during the quarter. Bank of Montreal Can's holdings in EchoStar were worth $630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in SATS. Smartleaf Asset Management LLC raised its holdings in EchoStar by 251.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,609 shares of the communications equipment provider's stock worth $37,000 after purchasing an additional 1,151 shares during the last quarter. KBC Group NV boosted its position in EchoStar by 65.1% during the fourth quarter. KBC Group NV now owns 6,684 shares of the communications equipment provider's stock valued at $153,000 after acquiring an additional 2,635 shares during the last quarter. Xponance Inc. grew its holdings in EchoStar by 8.7% during the 4th quarter. Xponance Inc. now owns 8,773 shares of the communications equipment provider's stock worth $201,000 after acquiring an additional 701 shares during the period. LPL Financial LLC acquired a new position in shares of EchoStar in the 4th quarter valued at about $204,000. Finally, Cibc World Markets Corp bought a new stake in shares of EchoStar during the 4th quarter valued at about $261,000. 33.62% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, UBS Group lifted their target price on EchoStar from $15.00 to $28.00 and gave the stock a "neutral" rating in a report on Monday, January 13th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $23.75.

EchoStar Stock Down 1.6 %

SATS stock opened at $21.75 on Monday. The stock's 50 day simple moving average is $26.28 and its 200 day simple moving average is $25.33. The company has a market cap of $6.23 billion, a P/E ratio of -2.37 and a beta of 0.72. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.61 and a current ratio of 0.67. EchoStar Co. has a fifty-two week low of $14.40 and a fifty-two week high of $32.48.

EchoStar (NASDAQ:SATS - Get Free Report) last issued its earnings results on Thursday, February 27th. The communications equipment provider reported $1.24 earnings per share for the quarter, topping analysts' consensus estimates of ($0.63) by $1.87. EchoStar had a negative return on equity of 0.64% and a negative net margin of 15.51%. The company had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.93 billion. On average, research analysts expect that EchoStar Co. will post -1.99 earnings per share for the current fiscal year.

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.

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