Thompson Siegel & Walmsley LLC Sells 51,682 Shares of EchoStar Co. (NASDAQ:SATS)

Thompson Siegel & Walmsley LLC decreased its position in shares of EchoStar Co. (NASDAQ:SATS - Free Report) by 5.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 880,433 shares of the communications equipment provider's stock after selling 51,682 shares during the period. Thompson Siegel & Walmsley LLC owned about 0.32% of EchoStar worth $20,162,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of SATS. Smartleaf Asset Management LLC increased its holdings in shares of EchoStar by 251.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,609 shares of the communications equipment provider's stock worth $37,000 after buying an additional 1,151 shares in the last quarter. KBC Group NV increased its holdings in shares of EchoStar by 65.1% during the fourth quarter. KBC Group NV now owns 6,684 shares of the communications equipment provider's stock worth $153,000 after buying an additional 2,635 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in shares of EchoStar during the third quarter worth approximately $272,000. GSA Capital Partners LLP acquired a new stake in shares of EchoStar during the third quarter worth approximately $285,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of EchoStar in the fourth quarter valued at approximately $328,000. Institutional investors and hedge funds own 33.62% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. UBS Group raised their price target on shares of EchoStar from $15.00 to $28.00 and gave the company a "neutral" rating in a report on Monday, January 13th. Morgan Stanley initiated coverage on shares of EchoStar in a report on Monday, December 16th. They issued an "equal weight" rating and a $25.00 price target for the company. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $23.75.

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EchoStar Trading Up 0.6 %

SATS traded up $0.16 during trading on Monday, reaching $26.30. 2,536,277 shares of the company's stock were exchanged, compared to its average volume of 1,544,146. The company's fifty day moving average price is $27.55 and its 200-day moving average price is $25.20. 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 $12.36 and a fifty-two week high of $32.48. The firm has a market capitalization of $7.53 billion, a PE ratio of -2.87 and a beta of 0.65.

EchoStar (NASDAQ:SATS - Get Free Report) last announced its quarterly 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. 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%. As a group, equities analysts forecast that EchoStar Co. will post -1.99 EPS for the current 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.