EchoStar Corporation $SATS Holdings Raised by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC grew its holdings in shares of EchoStar Corporation (NASDAQ:SATS) by 250.1% during the fourth quarter, Holdings Channel reports. The firm owned 28,802 shares of the communications equipment provider’s stock after purchasing an additional 20,575 shares during the period. New Age Alpha Advisors LLC’s holdings in EchoStar were worth $3,131,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SATS. CoreCap Advisors LLC bought a new position in shares of EchoStar during the 4th quarter valued at $28,000. Rosenberg Matthew Hamilton bought a new position in shares of EchoStar during the 4th quarter valued at $29,000. Caitong International Asset Management Co. Ltd bought a new position in shares of EchoStar during the 3rd quarter valued at $38,000. Tucker Asset Management LLC bought a new position in shares of EchoStar during the 4th quarter valued at $42,000. Finally, BOKF NA raised its holdings in shares of EchoStar by 300.0% during the 4th quarter. BOKF NA now owns 400 shares of the communications equipment provider’s stock valued at $43,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 33.62% of the company’s stock.

EchoStar Stock Performance

Shares of SATS opened at $124.20 on Tuesday. The company has a market capitalization of $35.88 billion, a PE ratio of -2.48 and a beta of 0.95. EchoStar Corporation has a one year low of $14.90 and a one year high of $147.25. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.30 and a quick ratio of 0.27. The company’s fifty day moving average price is $123.37 and its 200 day moving average price is $109.69.

EchoStar (NASDAQ:SATS) last announced its earnings results on Saturday, May 9th. The communications equipment provider reported ($0.51) EPS for the quarter, missing the consensus estimate of ($0.48) by ($0.03). The firm had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.65 billion. EchoStar had a negative return on equity of 4.80% and a negative net margin of 97.56%.During the same quarter last year, the business earned ($0.71) EPS. As a group, analysts expect that EchoStar Corporation will post -2.51 earnings per share for the current year.

Insider Buying and Selling at EchoStar

In related news, CEO Hamid Akhavan sold 71,005 shares of EchoStar stock in a transaction on Friday, March 6th. The shares were sold at an average price of $107.52, for a total value of $7,634,457.60. Following the transaction, the chief executive officer owned 823,293 shares in the company, valued at $88,520,463.36. This trade represents a 7.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO John Swieringa sold 50,088 shares of EchoStar stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $113.58, for a total transaction of $5,688,995.04. Following the completion of the transaction, the chief operating officer owned 253,535 shares in the company, valued at $28,796,505.30. This trade represents a 16.50% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 55.90% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of EchoStar from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. UBS Group raised their price target on shares of EchoStar from $125.00 to $127.00 and gave the company a “neutral” rating in a report on Tuesday, March 3rd. New Street Research assumed coverage on shares of EchoStar in a report on Wednesday, May 13th. They set a “buy” rating and a $161.00 price target on the stock. TD Cowen raised their price target on shares of EchoStar from $129.00 to $155.00 and gave the company a “buy” rating in a report on Monday, May 18th. Finally, Citigroup raised their price target on shares of EchoStar from $111.00 to $121.00 and gave the company a “neutral” rating in a report on Tuesday, February 3rd. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, EchoStar has an average rating of “Hold” and a consensus target price of $137.14.

EchoStar Company Profile

EchoStar Corporation (NASDAQ: SATS) is a global provider of satellite communication solutions, offering a suite of broadband and video delivery services to consumer, enterprise and government customers. The company operates two principal business segments: Broadband and Video. Through its Broadband segment, EchoStar delivers high-speed satellite internet access, managed network services and ground infrastructure for residential, commercial and rural markets. Its Video segment provides satellite fleet operations, teleport facilities and capacity-leasing services to video distributors and content providers.

In the Broadband segment, EchoStar’s Hughes Network Systems division designs and manufactures satellite broadband equipment, including user terminals and gateways, and develops advanced network management technologies.