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Thompson Siegel & Walmsley LLC Sells 274,549 Shares of EchoStar Co. (NASDAQ:SATS)

EchoStar logo with Computer and Technology background

Thompson Siegel & Walmsley LLC lessened its holdings in shares of EchoStar Co. (NASDAQ:SATS - Free Report) by 22.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 932,115 shares of the communications equipment provider's stock after selling 274,549 shares during the period. Thompson Siegel & Walmsley LLC owned 0.34% of EchoStar worth $23,135,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of SATS. Sei Investments Co. acquired a new position in EchoStar during the 1st quarter worth about $795,000. ProShare Advisors LLC bought a new stake in EchoStar in the first quarter valued at approximately $349,000. State Board of Administration of Florida Retirement System acquired a new stake in EchoStar during the 1st quarter valued at approximately $237,000. Vanguard Group Inc. raised its holdings in EchoStar by 238.7% during the 1st quarter. Vanguard Group Inc. now owns 13,707,909 shares of the communications equipment provider's stock worth $195,338,000 after purchasing an additional 9,661,167 shares during the last quarter. Finally, UniSuper Management Pty Ltd acquired a new position in shares of EchoStar in the 1st quarter worth approximately $398,000. Institutional investors own 33.62% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Morgan Stanley increased their price objective on shares of EchoStar from $14.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Friday, September 13th. Raymond James downgraded EchoStar from a "strong-buy" rating to a "market perform" rating in a research note on Tuesday, October 1st. StockNews.com raised EchoStar to a "sell" rating in a research note on Saturday, November 9th. JPMorgan Chase & Co. restated an "underweight" rating and set a $12.00 price target on shares of EchoStar in a report on Monday, August 12th. Finally, UBS Group lifted their price objective on shares of EchoStar from $14.00 to $15.00 and gave the company a "neutral" rating in a research note on Tuesday, August 13th. 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 company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $19.25.

Get Our Latest Report on EchoStar

EchoStar Stock Up 0.6 %

NASDAQ:SATS traded up $0.14 on Thursday, hitting $23.57. The stock had a trading volume of 1,322,960 shares, compared to its average volume of 1,808,604. The company has a market cap of $6.40 billion, a PE ratio of -2.57 and a beta of 0.70. EchoStar Co. has a 52 week low of $10.18 and a 52 week high of $30.08. The business's fifty day moving average is $24.92 and its 200 day moving average is $20.77. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 1.11.

Insider Buying and Selling at EchoStar

In related news, Chairman Charles W. Ergen acquired 1,551,355 shares of the firm's stock in a transaction on Tuesday, November 12th. The stock was purchased at an average cost 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 approximately $43,499,994.20. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 55.90% of the company's stock.

EchoStar Profile

(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.

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Institutional Ownership by Quarter for EchoStar (NASDAQ:SATS)

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