EchoStar Co. (NASDAQ:SATS - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $22.58 and traded as high as $27.02. EchoStar shares last traded at $27.00, with a volume of 2,312,934 shares traded.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the stock. TD Cowen lowered their price objective on shares of EchoStar from $37.00 to $30.00 and set a "buy" rating for the company in a report on Wednesday, November 13th. StockNews.com raised shares of EchoStar to a "sell" rating in a research note on Saturday, November 9th. UBS Group upped their target price on shares of EchoStar from $15.00 to $28.00 and gave the company a "neutral" rating in a research note on Monday, January 13th. Raymond James lowered EchoStar from a "strong-buy" rating to a "market perform" rating in a report on Tuesday, October 1st. Finally, Morgan Stanley initiated coverage on EchoStar in a research report on Monday, December 16th. They set an "equal weight" rating and a $25.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $23.75.
View Our Latest Stock Analysis on EchoStar
EchoStar Stock Down 0.8 %
The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.61 and a current ratio of 0.67. The company has a market cap of $7.48 billion, a price-to-earnings ratio of -3.00 and a beta of 0.70. The business has a 50-day simple moving average of $23.70 and a 200-day simple moving average of $22.64.
Insiders Place Their Bets
In other EchoStar news, Chairman Charles W. Ergen acquired 1,551,355 shares of the stock in a transaction on 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 acquisition, the chairman now owns 1,551,355 shares of the company's stock, valued at $43,499,994.20. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 55.90% of the company's stock.
Institutional Trading of EchoStar
Several large investors have recently modified their holdings of SATS. Captrust Financial Advisors grew its position in shares of EchoStar by 3.7% in the third quarter. Captrust Financial Advisors now owns 21,589 shares of the communications equipment provider's stock valued at $536,000 after purchasing an additional 772 shares during the period. GAMMA Investing LLC boosted its holdings in shares of EchoStar by 54.7% in the 3rd quarter. GAMMA Investing LLC now owns 2,231 shares of the communications equipment provider's stock valued at $55,000 after purchasing an additional 789 shares during the last quarter. Inspire Investing LLC increased its holdings in shares of EchoStar by 7.3% during the 4th quarter. Inspire Investing LLC now owns 17,599 shares of the communications equipment provider's stock worth $403,000 after buying an additional 1,198 shares during the last quarter. Natixis Advisors LLC raised its position in shares of EchoStar by 9.8% in the 3rd quarter. Natixis Advisors LLC now owns 21,790 shares of the communications equipment provider's stock worth $541,000 after buying an additional 1,942 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in EchoStar by 3.2% during the second quarter. The Manufacturers Life Insurance Company now owns 69,602 shares of the communications equipment provider's stock worth $1,240,000 after acquiring an additional 2,176 shares during the last quarter. 33.62% of the stock is currently owned by institutional investors and hedge funds.
EchoStar Company Profile
(
Get Free Report)
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.
Further Reading
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