EchoStar Co. (NASDAQ:SATS) Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP lifted its holdings in shares of EchoStar Co. (NASDAQ:SATS - Free Report) by 537.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 98,390 shares of the communications equipment provider's stock after purchasing an additional 82,954 shares during the quarter. Quantbot Technologies LP's holdings in EchoStar were worth $2,253,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in SATS. Xponance Inc. lifted its holdings in EchoStar by 8.7% during the 4th quarter. Xponance Inc. now owns 8,773 shares of the communications equipment provider's stock worth $201,000 after buying an additional 701 shares in the last quarter. Intech Investment Management LLC raised its stake in shares of EchoStar by 196.4% in the fourth quarter. Intech Investment Management LLC now owns 77,704 shares of the communications equipment provider's stock valued at $1,779,000 after acquiring an additional 51,488 shares in the last quarter. Cibc World Markets Corp purchased a new position in EchoStar in the fourth quarter valued at $261,000. Swiss National Bank grew its stake in EchoStar by 0.8% during the 4th quarter. Swiss National Bank now owns 248,425 shares of the communications equipment provider's stock worth $5,689,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in EchoStar during the 4th quarter worth about $3,033,000. Hedge funds and other institutional investors own 33.62% of the company's stock.

Analyst Ratings Changes

SATS has been the topic of a number of recent research reports. Morgan Stanley started coverage on shares of EchoStar in a research note on Monday, December 16th. They set an "equal weight" rating and a $25.00 target price on the stock. UBS Group lifted their price objective on shares of EchoStar from $15.00 to $28.00 and gave the stock a "neutral" rating in a research report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, EchoStar currently has a consensus rating of "Hold" and a consensus target price of $23.75.

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EchoStar Stock Down 0.6 %

Shares of EchoStar stock traded down $0.16 during trading hours on Thursday, hitting $26.16. The company had a trading volume of 1,386,224 shares, compared to its average volume of 1,618,822. The company's 50-day moving average is $28.04 and its two-hundred day moving average is $25.55. EchoStar Co. has a twelve month low of $12.66 and a twelve month high of $32.48. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.67 and a quick ratio of 0.61. The company has a market cap of $7.49 billion, a P/E ratio of -2.86 and a beta of 0.65.

EchoStar (NASDAQ:SATS - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The communications equipment provider reported $1.24 earnings per share (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 company had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.93 billion. Analysts anticipate that EchoStar Co. will post -1.99 earnings per share for the current fiscal 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.