EchoStar Co. (NASDAQ:SATS) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL trimmed its stake in shares of EchoStar Co. (NASDAQ:SATS - Free Report) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 352,441 shares of the communications equipment provider's stock after selling 12,422 shares during the quarter. Gamco Investors INC. ET AL owned approximately 0.13% of EchoStar worth $8,071,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in SATS. Smartleaf Asset Management LLC increased its position 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 valued at $37,000 after acquiring an additional 1,151 shares in the last quarter. Covestor Ltd lifted its holdings in shares of EchoStar by 189.1% during the fourth quarter. Covestor Ltd now owns 4,796 shares of the communications equipment provider's stock worth $110,000 after purchasing an additional 3,137 shares during the period. KBC Group NV grew its position in shares of EchoStar by 65.1% during the 4th 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 period. Xponance Inc. boosted its stake in EchoStar by 8.7% during the fourth quarter. Xponance Inc. now owns 8,773 shares of the communications equipment provider's stock worth $201,000 after buying an additional 701 shares during the last quarter. Finally, LPL Financial LLC purchased a new position in shares of EchoStar during the 4th quarter worth approximately $204,000. 33.62% of the stock is owned by institutional investors and hedge funds.

EchoStar Stock Down 1.6 %

Shares of NASDAQ SATS traded down $0.35 during mid-day trading on Friday, hitting $21.75. The company had a trading volume of 1,234,897 shares, compared to its average volume of 1,736,973. EchoStar Co. has a one year low of $14.40 and a one year high of $32.48. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $6.23 billion, a PE ratio of -2.37 and a beta of 0.72. The firm has a 50-day simple moving average of $26.28 and a two-hundred day simple moving average of $25.32.

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

Analysts Set New Price Targets

Separately, UBS Group upped their price objective on EchoStar from $15.00 to $28.00 and gave the company a "neutral" rating in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $23.75.

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.