EchoStar Corporation $SATS Holdings Increased by Rokos Capital Management LLP

Rokos Capital Management LLP increased its stake in shares of EchoStar Corporation (NASDAQ:SATS) by 47.8% during the 1st quarter, Holdings Channel reports. The fund owned 956,487 shares of the communications equipment provider’s stock after purchasing an additional 309,390 shares during the quarter. EchoStar makes up about 0.8% of Rokos Capital Management LLP’s investment portfolio, making the stock its 8th largest position. Rokos Capital Management LLP’s holdings in EchoStar were worth $111,976,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Hollencrest Capital Management acquired a new position in EchoStar in the fourth quarter valued at approximately $26,000. CoreCap Advisors LLC acquired a new stake in shares of EchoStar during the 4th quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of EchoStar during the 3rd quarter valued at approximately $38,000. Tucker Asset Management LLC purchased a new position in shares of EchoStar during the 4th quarter valued at approximately $42,000. Finally, BOKF NA lifted its stake in shares of EchoStar by 300.0% in 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 during the period. 33.62% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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

EchoStar Trading Down 0.1%

Shares of NASDAQ:SATS opened at $103.80 on Tuesday. EchoStar Corporation has a 1 year low of $24.15 and a 1 year high of $147.25. The firm has a market capitalization of $30.08 billion, a price-to-earnings ratio of -2.07 and a beta of 0.94. 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 business’s 50 day moving average price is $112.70 and its 200-day moving average price is $116.83.

EchoStar (NASDAQ:SATS) last issued its quarterly 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 company had revenue of $3.67 billion during the quarter, compared to analysts’ expectations 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 period in the previous year, the firm posted ($0.71) EPS.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SATS. Weiss Ratings reissued a “sell (d-)” rating on shares of EchoStar in a report on Monday, April 20th. TD Cowen upped their price objective 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. New Street Research set a $165.00 price objective on shares of EchoStar in a research report on Monday, June 15th. Wall Street Zen raised shares of EchoStar from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Williams Trading set a $155.00 target price on EchoStar in a research report on Monday, May 18th. 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, the stock has a consensus rating of “Hold” and a consensus target price of $137.71.

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.