EchoStar Co. Shares (NASDAQ:SATS) acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its stake in EchoStar Co. (NASDAQ:SATS – Free Report) by 122.9% during the 2nd quarter, Holdings Channel reports. The fund owned 4,199 shares of the communications equipment provider’s stock after acquiring an additional 2,315 shares during the quarter. Nisa Investment Advisors LLC’s holdings in EchoStar were worth $75,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in shares of EchoStar by 125.3% during the 2nd quarter. GAMMA Investing LLC now owns 1,442 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 802 shares in the last quarter . Hexagon Capital Partners LLC boosted its holdings in shares of EchoStar by 694.8% in the second quarter. Hexagon Capital Partners LLC now owns 1,677 shares of the communications equipment provider’s stock worth $30,000 after buying an additional 1,466 shares in the last quarter. Eagle Bay Advisors LLC grew its position in shares of EchoStar by 183.6% in the first quarter. Eagle Bay Advisors LLC now owns 2,269 shares of the communications equipment provider’s stock worth $32,000 after buying an additional 1,469 shares in the last quarter. Quarry LP purchased a new stake in shares of EchoStar in the 4th quarter valued at about $41,000. Finally, Quest Partners LLC purchased a new stake in shares of EchoStar in the 4th quarter valued at approximately $42,000. Hedge funds and other institutional investors own 33.62% of the company’s shares.

EchoStar stock up 4.6%

Shares of SATS stock opened at $19.52 on Monday. The stock has a market cap of $5.30 billion, a PE ratio of -2.53 and a beta of 0.71. EchoStar Co. it has a one year low of $9.53 and a one year high of $20.86. The company has a fifty day moving average of $18.53 and a 200 day moving average of $16.43. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.32, and a current ratio of 0.40.

EchoStar (NASDAQ:SATS – Get Your Free Report ) last released its earnings results on Friday, August 9th. The communications equipment provider reported ($0.76) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by ($0.39). The company had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.98 billion. EchoStar had a positive return on equity of 0.18% and a negative net margin of 18.65%. The company’s revenue for the quarter was down 9.3% year over year. In the same quarter last year, the firm posted EPS of $0.39. As a group, analysts expect EchoStar Co. to record -2.01 EPS for the current year.

Analyst upgrades and downgrades

SATS has been the subject of a number of research reports. StockNews.com upgraded EchoStar to a “sell” rating in a research note on Tuesday, July 30th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $12.00 target price on shares of EchoStar in a research note on Monday, August 12th. TD Cowen decreased their price objective on shares of EchoStar from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. Finally, UBS Group boosted their target price on shares of EchoStar from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 13th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $22.00, based on data from MarketBeat.com.

Read the latest stock analysis on SATS

EchoStar profile

(Free report)

EchoStar Corporation, together with its subsidiaries, provides network 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 transmission and fixed satellite services; design, develop and distribute receiver system; and provides digital broadcasting operations, including satellite uplinking/downlinking, transmission and other services to third party pay TV providers; and multichannel, live-linear and on-demand Internet-based, national, international, Latino and Freestream video programming services under the DISH and SLING brands.

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