14,313 Shares in EchoStar Co. (NASDAQ:SATS) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in EchoStar Co. (NASDAQ:SATS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,313 shares of the communications equipment provider's stock, valued at approximately $328,000.

Several other large investors have also modified their holdings of SATS. Captrust Financial Advisors increased its position in EchoStar by 3.7% during the third quarter. Captrust Financial Advisors now owns 21,589 shares of the communications equipment provider's stock worth $536,000 after acquiring an additional 772 shares during the period. Smartleaf Asset Management LLC grew its position in 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 purchasing an additional 1,151 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 purchasing an additional 1,198 shares during the period. Natixis Advisors LLC raised its position 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 buying an additional 1,942 shares during the last quarter. Finally, KBC Group NV lifted its stake in shares of 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 buying an additional 2,635 shares during the period. 33.62% of the stock is owned by institutional investors.

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EchoStar Price Performance

SATS traded down $1.17 during midday trading on Friday, reaching $24.99. 1,645,045 shares of the company's stock were exchanged, compared to its average volume of 1,669,683. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 1.11. The business has a 50-day simple moving average of $28.01 and a two-hundred day simple moving average of $25.60. The firm has a market capitalization of $7.16 billion, a price-to-earnings ratio of -2.73 and a beta of 0.65. EchoStar Co. has a one year low of $12.66 and a one year high of $32.48.

EchoStar (NASDAQ:SATS - Get Free Report) last posted its earnings results 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. EchoStar had a negative return on equity of 0.64% and a negative net margin of 15.51%. The business had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.93 billion. As a group, research analysts predict that EchoStar Co. will post -1.99 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SATS shares. Morgan Stanley assumed coverage on EchoStar in a research note on Monday, December 16th. They set an "equal weight" rating and a $25.00 price target on the stock. UBS Group boosted their price objective on EchoStar from $15.00 to $28.00 and gave the company a "neutral" rating in a research report on Monday, January 13th. Two 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. Based on data from MarketBeat, EchoStar has a consensus 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.