UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $5.51 Million Holdings in EchoStar Co. (NASDAQ:SATS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in EchoStar Co. (NASDAQ:SATS - Free Report) by 13.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 221,898 shares of the communications equipment provider's stock after selling 35,433 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.08% of EchoStar worth $5,508,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Quantbot Technologies LP bought a new position in shares of EchoStar in the third quarter valued at about $383,000. Citigroup Inc. raised its stake in shares of EchoStar by 32.7% in the third quarter. Citigroup Inc. now owns 164,534 shares of the communications equipment provider's stock worth $4,084,000 after acquiring an additional 40,533 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of EchoStar during the third quarter worth approximately $651,000. Natixis Advisors LLC grew its stake in shares of EchoStar by 9.8% during the third quarter. Natixis Advisors LLC now owns 21,790 shares of the communications equipment provider's stock valued at $541,000 after purchasing an additional 1,942 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of EchoStar by 5.4% in the third quarter. Empowered Funds LLC now owns 324,416 shares of the communications equipment provider's stock valued at $8,052,000 after purchasing an additional 16,595 shares in the last quarter. Institutional investors and hedge funds own 33.62% of the company's stock.

EchoStar Trading Up 0.6 %

NASDAQ:SATS traded up $0.14 during mid-day trading on Wednesday, hitting $23.44. The company had a trading volume of 988,838 shares, compared to its average volume of 1,792,800. The firm has a market cap of $6.37 billion, a P/E ratio of -2.56 and a beta of 0.69. EchoStar Co. has a fifty-two week low of $11.71 and a fifty-two week high of $30.08. The business's fifty day moving average is $24.57 and its two-hundred day moving average is $21.51. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.61 and a current ratio of 0.67.

Insiders Place Their Bets

In other EchoStar news, Chairman Charles W. Ergen purchased 1,551,355 shares of the company's stock in a transaction dated Tuesday, November 12th. The shares were bought at an average price of $28.04 per share, with a total value of $43,499,994.20. Following the completion of the transaction, the chairman now directly owns 1,551,355 shares in the company, valued at $43,499,994.20. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 55.90% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on SATS. UBS Group upped their price objective on EchoStar from $14.00 to $15.00 and gave the stock a "neutral" rating in a report on Tuesday, August 13th. TD Cowen cut their price target on EchoStar from $37.00 to $30.00 and set a "buy" rating on the stock in a research note on Wednesday, November 13th. Morgan Stanley lifted their price objective on EchoStar from $14.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Friday, September 13th. StockNews.com upgraded shares of EchoStar to a "sell" rating in a research report on Saturday, November 9th. Finally, Raymond James lowered shares of EchoStar from a "strong-buy" rating to a "market perform" rating in a research note on Tuesday, October 1st. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, EchoStar currently has an average rating of "Hold" and an average price target of $19.25.

About EchoStar

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.