4,094 Shares in EchoStar Corporation $SATS Bought by Roundview Capital LLC

Roundview Capital LLC bought a new position in EchoStar Corporation (NASDAQ:SATS) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 4,094 shares of the communications equipment provider’s stock, valued at approximately $445,000.

Other large investors also recently modified their holdings of the company. Bellwether Advisors LLC bought a new position in EchoStar during the 4th quarter valued at $3,593,000. Junto Capital Management LP bought a new position in EchoStar during the 3rd quarter valued at $55,199,000. Sumitomo Mitsui Trust Group Inc. bought a new position in EchoStar during the 4th quarter valued at $28,994,000. Phoenix Financial Ltd. bought a new position in EchoStar during the 3rd quarter valued at $780,000. Finally, Massachusetts Financial Services Co. MA bought a new position in EchoStar during the 4th quarter valued at $20,459,000. 33.62% of the stock is currently owned by institutional investors.

Insider Buying and Selling at EchoStar

In other news, CEO Hamid Akhavan sold 71,005 shares of the firm’s stock in a transaction 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 directly owned 823,293 shares of the company’s stock, valued at $88,520,463.36. This trade represents a 7.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO John Swieringa sold 50,088 shares of the firm’s stock in a transaction 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 sale, the chief operating officer directly owned 253,535 shares of the company’s stock, valued at approximately $28,796,505.30. This represents a 16.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 55.90% of the company’s stock.

Analysts Set New Price Targets

SATS has been the topic of several recent analyst reports. Williams Trading set a $155.00 price objective on EchoStar in a research note on Monday, May 18th. TD Cowen raised their price objective on EchoStar from $129.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Citigroup raised their price objective on EchoStar from $111.00 to $121.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of EchoStar in a research note on Monday, April 20th. Finally, Zacks Research cut EchoStar from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $137.14.

EchoStar Trading Down 0.5%

Shares of EchoStar stock opened at $122.46 on Thursday. EchoStar Corporation has a 1 year low of $14.90 and a 1 year high of $147.25. The firm has a market cap of $35.49 billion, a PE ratio of -2.44 and a beta of 0.95. The stock has a fifty day moving average price of $123.83 and a 200-day moving average price of $110.41. 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 announced its earnings results on Saturday, May 9th. The communications equipment provider reported ($0.51) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by ($0.03). EchoStar had a negative net margin of 97.56% and a negative return on equity of 4.80%. The business had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.65 billion. During the same period in the prior year, the business earned ($0.71) earnings per share. Equities research analysts anticipate that EchoStar Corporation will post -3.79 EPS for the current year.

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.