Swift Run Capital Management LLC decreased its position in shares of EchoStar Corp. (NASDAQ:SATS) by 4.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,285 shares of the company’s stock after selling 375 shares during the period. Swift Run Capital Management LLC’s holdings in EchoStar Corp. were worth $289,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Babson Capital Management LLC bought a new position in EchoStar Corp. during the first quarter worth $711,000. A.R.T. Advisors LLC bought a new position in EchoStar Corp. during the first quarter worth $1,443,000. Harvest Capital Strategies LLC raised its position in EchoStar Corp. by 12.4% in the first quarter. Harvest Capital Strategies LLC now owns 157,300 shares of the company’s stock worth $6,967,000 after buying an additional 17,300 shares during the period. Renaissance Technologies LLC raised its position in EchoStar Corp. by 4.9% in the first quarter. Renaissance Technologies LLC now owns 2,081,180 shares of the company’s stock worth $92,175,000 after buying an additional 96,900 shares during the period. Finally, Geode Capital Management LLC raised its position in EchoStar Corp. by 6.4% in the first quarter. Geode Capital Management LLC now owns 306,720 shares of the company’s stock worth $13,584,000 after buying an additional 18,413 shares during the period. 44.02% of the stock is owned by institutional investors.
Shares of EchoStar Corp. (NASDAQ:SATS) traded up 0.50% during mid-day trading on Friday, reaching $45.79. The company’s stock had a trading volume of 144,384 shares. EchoStar Corp. has a one year low of $30.86 and a one year high of $47.54. The firm’s 50 day moving average is $41.34 and its 200 day moving average is $40.24. The firm has a market cap of $4.30 billion, a PE ratio of 21.10 and a beta of 0.99.
EchoStar Corp. (NASDAQ:SATS) last announced its earnings results on Tuesday, August 9th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.17. EchoStar Corp. had a return on equity of 5.17% and a net margin of 6.31%. The business earned $757.60 million during the quarter, compared to analyst estimates of $766.99 million. During the same quarter in the previous year, the business earned $0.36 earnings per share. The company’s revenue for the quarter was down 4.6% compared to the same quarter last year. On average, equities analysts anticipate that EchoStar Corp. will post $1.78 earnings per share for the current fiscal year.
A number of research firms recently weighed in on SATS. Zacks Investment Research lowered EchoStar Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday. Macquarie reaffirmed an “outperform” rating and set a $55.00 price objective on shares of EchoStar Corp. in a research report on Friday, July 8th. TheStreet lowered EchoStar Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 6th. Finally, Citigroup Inc. increased their target price on EchoStar Corp. from $60.00 to $62.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th.
EchoStar Corp. Company Profile
EchoStar Corporation is a holding company. The Company operates through three segments: Hughes, EchoStar Technologies (ETC) and EchoStar Satellite Services (ESS). Its operations also include real estate and other activities. The Company’s Hughes segment provides broadband satellite technologies and services for the home and office, delivering network technologies, managed services, and solutions for consumers, enterprises and governments.
Want to see what other hedge funds are holding SATS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EchoStar Corp. (NASDAQ:SATS).
Receive News & Ratings for EchoStar Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EchoStar Corp. and related companies with MarketBeat.com's FREE daily email newsletter.