EchoStar Corporation $SATS Shares Acquired by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC boosted its holdings in shares of EchoStar Corporation (NASDAQ:SATS) by 250.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CoreCap Advisors LLC acquired a new stake in EchoStar during the fourth quarter valued at approximately $28,000. Rosenberg Matthew Hamilton acquired a new stake in EchoStar during the fourth quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd acquired a new stake in EchoStar during the third quarter valued at approximately $38,000. Tucker Asset Management LLC acquired a new stake in EchoStar during the fourth quarter valued at approximately $42,000. Finally, BOKF NA lifted its stake in EchoStar by 300.0% during the fourth quarter. BOKF NA now owns 400 shares of the communications equipment provider’s stock valued at $43,000 after purchasing an additional 300 shares during the last quarter. 33.62% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

EchoStar Price Performance

Shares of NASDAQ:SATS opened at $124.20 on Tuesday. The company’s fifty day moving average is $123.37 and its two-hundred day moving average is $109.69. The company has a quick ratio of 0.27, a current ratio of 0.30 and a debt-to-equity ratio of 3.17. EchoStar Corporation has a 12-month low of $14.90 and a 12-month high of $147.25. The company has a market cap of $35.88 billion, a P/E ratio of -2.48 and a beta of 0.95.

EchoStar (NASDAQ:SATS) last released its earnings results 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 return on equity of 4.80% and a negative net margin of 97.56%.The company had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter in the previous year, the company earned ($0.71) EPS. Equities analysts expect that EchoStar Corporation will post -2.51 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on SATS shares. TD Cowen increased their target price on shares of EchoStar from $129.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Wall Street Zen raised shares of EchoStar from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Williams Trading set a $155.00 price objective on shares of EchoStar in a research report on Monday, May 18th. UBS Group boosted their target price on shares of EchoStar from $125.00 to $127.00 and gave the company a “neutral” rating in a research note on Tuesday, March 3rd. Finally, Zacks Research downgraded shares of EchoStar from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, EchoStar has a consensus rating of “Hold” and an average price target of $137.14.

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.