Tudor Investment Corp ET AL Increases Stock Holdings in EchoStar Co. (NASDAQ:SATS)

Tudor Investment Corp ET AL raised its holdings in EchoStar Co. (NASDAQ:SATS) by 219.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 341,995 shares of the communications equipment provider’s stock after buying an additional 234,896 shares during the quarter. Tudor Investment Corp ET AL owned about 0.13% of EchoStar worth $7,832,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SATS. Vanguard Group Inc. raised its position in shares of EchoStar by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 13,737,733 shares of the communications equipment provider’s stock valued at $314,594,000 after purchasing an additional 88,488 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of EchoStar by 1.0% in the fourth quarter. American Century Companies Inc. now owns 2,992,060 shares of the communications equipment provider’s stock worth $68,518,000 after buying an additional 28,779 shares during the last quarter. Pennant Investors LP lifted its stake in shares of EchoStar by 4.2% during the fourth quarter. Pennant Investors LP now owns 2,417,837 shares of the communications equipment provider’s stock worth $55,368,000 after buying an additional 97,000 shares during the period. Invesco Ltd. increased its position in shares of EchoStar by 26.0% in the 4th quarter. Invesco Ltd. now owns 2,301,367 shares of the communications equipment provider’s stock valued at $52,701,000 after acquiring an additional 474,313 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in EchoStar by 15.1% during the 4th quarter. Bank of New York Mellon Corp now owns 1,019,809 shares of the communications equipment provider’s stock valued at $23,354,000 after purchasing an additional 133,819 shares during the last quarter. Institutional investors and hedge funds own 33.62% of the company’s stock.

EchoStar Price Performance

NASDAQ:SATS opened at $22.70 on Wednesday. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 1.11. EchoStar Co. has a 52 week low of $14.40 and a 52 week high of $32.48. The stock’s 50-day moving average price is $25.25 and its 200-day moving average price is $25.19. The stock has a market capitalization of $6.50 billion, a PE ratio of -2.48 and a beta of 0.72.

EchoStar (NASDAQ:SATS) last posted its quarterly earnings data on Thursday, February 27th. The communications equipment provider reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of ($0.63) by $1.87. EchoStar had a negative return on equity of 0.64% and a negative net margin of 15.51%. The business had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.93 billion. As a group, equities analysts expect that EchoStar Co. will post -1.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, UBS Group lifted their price objective on shares of EchoStar from $15.00 to $28.00 and gave the company a “neutral” rating in a research note on Monday, January 13th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, EchoStar currently has an average rating of “Hold” and a consensus price target of $23.75.

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.