EchoStar Co. (NASDAQ:SATS) Shares Sold by Dodge & Cox

Dodge & Cox lowered its holdings in EchoStar Co. (NASDAQ:SATS - Free Report) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,416,003 shares of the communications equipment provider's stock after selling 51,350 shares during the quarter. Dodge & Cox owned 4.94% of EchoStar worth $307,226,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Xponance Inc. increased its holdings in EchoStar by 8.7% in the fourth quarter. Xponance Inc. now owns 8,773 shares of the communications equipment provider's stock valued at $201,000 after buying an additional 701 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of EchoStar by 251.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,609 shares of the communications equipment provider's stock worth $37,000 after acquiring an additional 1,151 shares during the period. Inspire Investing LLC increased its stake in EchoStar by 7.3% in the 4th quarter. Inspire Investing LLC now owns 17,599 shares of the communications equipment provider's stock valued at $403,000 after purchasing an additional 1,198 shares in the last quarter. Swiss National Bank raised its holdings in EchoStar by 0.8% during the fourth quarter. Swiss National Bank now owns 248,425 shares of the communications equipment provider's stock worth $5,689,000 after purchasing an additional 2,000 shares during the last quarter. Finally, KBC Group NV grew its holdings in EchoStar by 65.1% in the fourth quarter. KBC Group NV now owns 6,684 shares of the communications equipment provider's stock valued at $153,000 after purchasing an additional 2,635 shares during the last quarter. 33.62% of the stock is owned by institutional investors and hedge funds.

EchoStar Price Performance

NASDAQ:SATS traded down $0.35 during trading hours on Friday, reaching $21.75. 1,234,897 shares of the company traded hands, compared to its average volume of 1,735,723. EchoStar Co. has a 1-year low of $13.52 and a 1-year high of $32.48. The stock has a market cap of $6.23 billion, a P/E ratio of -2.37 and a beta of 0.72. The firm's 50-day moving average is $26.28 and its 200-day moving average is $25.31. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.67 and a quick ratio of 0.61.

EchoStar (NASDAQ:SATS - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The communications equipment provider reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.63) by $1.87. The company 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%. Equities research analysts expect that EchoStar Co. will post -1.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, UBS Group lifted their price target on EchoStar from $15.00 to $28.00 and gave the stock a "neutral" rating in a research note on Monday, January 13th. Two investment 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. According to data from MarketBeat, EchoStar presently has a consensus rating of "Hold" and an average price target of $23.75.

EchoStar 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.