EchoStar Co. (NASDAQ:SATS) Given Average Recommendation of “Hold” by Brokerages

Shares of EchoStar Co. (NASDAQ:SATS) have received an average recommendation of “Hold” from the five brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $19.25.

A number of analysts have issued reports on SATS shares. StockNews.com raised EchoStar to a “sell” rating in a research note on Saturday, November 9th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $12.00 price target on shares of EchoStar in a research note on Monday, August 12th. UBS Group boosted their price objective on shares of EchoStar from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Tuesday, August 13th. Raymond James lowered EchoStar from a “strong-buy” rating to a “market perform” rating in a research report on Tuesday, October 1st. Finally, Morgan Stanley upped their price target on EchoStar from $14.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Friday, September 13th.

Insider Buying and Selling

In related news, Chairman Charles W. Ergen bought 1,551,355 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were acquired at an average cost of $28.04 per share, for a total transaction of $43,499,994.20. Following the acquisition, the chairman now owns 1,551,355 shares in the company, valued at $43,499,994.20. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 55.90% of the stock is owned by corporate insiders.

Institutional Trading of EchoStar

Several large investors have recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of EchoStar by 125.3% in the second quarter. GAMMA Investing LLC now owns 1,442 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 802 shares during the period. Hexagon Capital Partners LLC boosted its position in EchoStar by 694.8% in the 2nd quarter. Hexagon Capital Partners LLC now owns 1,677 shares of the communications equipment provider’s stock valued at $30,000 after buying an additional 1,466 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of EchoStar by 122.9% during the second quarter. Nisa Investment Advisors LLC now owns 4,199 shares of the communications equipment provider’s stock valued at $75,000 after acquiring an additional 2,315 shares in the last quarter. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of EchoStar during the second quarter worth about $89,000. Finally, SG Americas Securities LLC acquired a new position in shares of EchoStar in the third quarter worth about $165,000. Institutional investors and hedge funds own 33.62% of the company’s stock.

EchoStar Stock Down 2.6 %

SATS stock opened at $24.55 on Wednesday. EchoStar has a one year low of $10.91 and a one year high of $30.08. The stock has a market capitalization of $6.67 billion, a P/E ratio of -2.68 and a beta of 0.69. The company has a 50 day moving average price of $24.77 and a two-hundred day moving average price of $21.30. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.61 and a current ratio of 0.67.

EchoStar Company Profile

EchoStar Corporation, together with its subsidiaries, provides networking technologies and services worldwide. The company operates in four segments: Pay-TV, Retail Wireless, 5G Network Deployment, Broadband and Satellite Services. The Pay-TV segment offers a direct broadcast and fixed satellite services; designs, develops, and distributes receiver system; and provides digital broadcast operations, including satellite uplinking/downlinking, transmission and, other services to third-party pay-TV providers; and multichannel, live-linear and on-demand streaming over-the-top internet-based domestic, international, Latino, and Freestream video programming services under the DISH and SLING brand names.