12,200 Shares in EchoStar Corporation $SATS Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. acquired a new position in shares of EchoStar Corporation (NASDAQ:SATS) during the fourth quarter, HoldingsChannel reports. The firm acquired 12,200 shares of the communications equipment provider’s stock, valued at approximately $1,326,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in SATS. CoreCap Advisors LLC acquired a new stake in shares of EchoStar during the fourth quarter worth $28,000. Rosenberg Matthew Hamilton acquired a new stake in shares of EchoStar during the fourth quarter worth $29,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of EchoStar during the third quarter worth $38,000. Tucker Asset Management LLC acquired a new stake in shares of EchoStar during the fourth quarter worth $42,000. Finally, BOKF NA raised its holdings in shares of EchoStar by 300.0% during the fourth quarter. BOKF NA now owns 400 shares of the communications equipment provider’s stock worth $43,000 after acquiring an additional 300 shares during the period. 33.62% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of EchoStar in a research note on Monday, April 20th. TD Cowen raised their price objective on EchoStar from $129.00 to $155.00 and gave the company a “buy” rating in a report on Monday, May 18th. Wall Street Zen upgraded EchoStar from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Williams Trading set a $155.00 price objective on EchoStar in a report on Monday, May 18th. Finally, UBS Group raised their price objective on EchoStar from $125.00 to $127.00 and gave the company a “neutral” rating in a report on Tuesday, March 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 company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $137.14.

Trending Headlines about EchoStar

Here are the key news stories impacting EchoStar this week:

• Positive Sentiment: EchoStar’s pending transactions with AT&T and SpaceX could unlock about $44.65 billion in value, helping monetize spectrum, reduce debt, and support future wireless growth. Article Title
• Positive Sentiment: Several large institutional investors have recently added to EchoStar positions, including State Street, Wellington Management, and FMR, suggesting ongoing professional interest in the stock.
• Positive Sentiment: Analyst coverage remains constructive overall, with recent price targets near $129 to $155 and TD Cowen reiterating an upbeat view on the company’s spectrum assets.
• Neutral Sentiment: Market commentary continues to focus on whether EchoStar’s spectrum holdings are being fairly valued, with some analysts saying the rally may be hard to chase after the recent run-up. Article Title
• Neutral Sentiment: Short interest remains elevated at roughly 36.5% of float, which can amplify volatility and signal a divided market view on the stock.
• Negative Sentiment: EchoStar CEO Hamid Akhavan recently sold shares under a pre-arranged trading plan, and insider data shows only sales over the past six months, which may weigh on sentiment.
• Negative Sentiment: Some headlines are framing EchoStar’s weakness as a warning sign tied to SpaceX-related expectations, adding uncertainty around the market’s interpretation of the company’s satellite spectrum strategy. Article Title

Insider Buying and Selling at EchoStar

In other news, CEO Hamid Akhavan sold 52,586 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $121.00, for a total transaction of $6,362,906.00. Following the transaction, the chief executive officer directly owned 865,633 shares in the company, valued at $104,741,593. The trade was a 5.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 55.90% of the stock is owned by corporate insiders.

EchoStar Price Performance

Shares of NASDAQ SATS opened at $115.24 on Thursday. The stock has a market capitalization of $33.40 billion, a price-to-earnings ratio of -2.30 and a beta of 0.94. The business has a 50-day moving average of $125.92 and a 200-day moving average of $114.10. EchoStar Corporation has a fifty-two week low of $16.60 and a fifty-two week 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.

EchoStar (NASDAQ:SATS) last released its quarterly earnings data on Saturday, May 9th. The communications equipment provider reported ($0.51) earnings per share for the quarter, missing the consensus estimate of ($0.48) by ($0.03). The firm had revenue of $3.67 billion for the quarter, compared to analyst estimates 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 in the prior year, the firm earned ($0.71) earnings per share. As a group, sell-side analysts predict that EchoStar Corporation will post -3.79 earnings per share for the current fiscal year.

EchoStar 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.