WINTON GROUP Ltd Increases Stock Position in EchoStar Corporation $SATS

WINTON GROUP Ltd increased its position in EchoStar Corporation (NASDAQ:SATS) by 242.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 46,060 shares of the communications equipment provider’s stock after acquiring an additional 32,597 shares during the period. WINTON GROUP Ltd’s holdings in EchoStar were worth $5,007,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. DLD Asset Management LP bought a new stake in EchoStar in the 3rd quarter worth approximately $2,481,700,000. Icahn Carl C bought a new stake in EchoStar in the 3rd quarter worth approximately $332,513,000. Geode Capital Management LLC grew its position in EchoStar by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 3,524,576 shares of the communications equipment provider’s stock worth $382,595,000 after purchasing an additional 48,671 shares during the period. Northern Trust Corp grew its position in EchoStar by 2.8% in the 3rd quarter. Northern Trust Corp now owns 1,744,438 shares of the communications equipment provider’s stock worth $133,205,000 after purchasing an additional 48,322 shares during the period. Finally, Norges Bank bought a new stake in EchoStar in the 4th quarter worth approximately $182,111,000. Institutional investors own 33.62% of the company’s stock.

EchoStar Trading Down 6.7%

Shares of SATS stock opened at $116.28 on Friday. EchoStar Corporation has a 1 year low of $14.90 and a 1 year high of $147.25. The firm has a fifty day moving average price of $125.72 and a 200-day moving average price of $112.77. 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 has a market cap of $33.70 billion, a price-to-earnings ratio of -2.32 and a beta of 0.94.

EchoStar (NASDAQ:SATS) last issued its quarterly earnings data on Saturday, May 9th. The communications equipment provider reported ($0.51) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.03). EchoStar had a negative net margin of 97.56% and a negative return on equity of 4.80%. The business had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the previous year, the firm earned ($0.71) EPS. As a group, equities analysts predict that EchoStar Corporation will post -3.79 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SATS shares. TD Cowen lifted their target price on shares of EchoStar from $129.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of EchoStar in a research report on Monday, April 20th. UBS Group lifted their target price on shares of EchoStar from $125.00 to $127.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 3rd. Williams Trading set a $155.00 target price on shares of EchoStar in a research report on Monday, May 18th. Finally, Zacks Research downgraded shares of EchoStar from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $137.14.

About EchoStar

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.