Algert Global LLC Sells 28,397 Shares of EchoStar Co. (NASDAQ:SATS)

Algert Global LLC trimmed its position in shares of EchoStar Co. (NASDAQ:SATS - Free Report) by 41.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,490 shares of the communications equipment provider's stock after selling 28,397 shares during the quarter. Algert Global LLC's holdings in EchoStar were worth $904,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of EchoStar by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 13,737,733 shares of the communications equipment provider's stock worth $314,594,000 after purchasing an additional 88,488 shares during the period. Darsana Capital Partners LP increased its position in shares of EchoStar by 133.3% during the fourth quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the communications equipment provider's stock valued at $160,300,000 after purchasing an additional 4,000,000 shares during the period. American Century Companies Inc. boosted its stake in EchoStar by 1.0% during 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 in the last quarter. Pennant Investors LP lifted its holdings in shares of EchoStar by 4.2% during the 4th quarter. Pennant Investors LP now owns 2,417,837 shares of the communications equipment provider's stock worth $55,368,000 after acquiring an additional 97,000 shares during the period. Finally, Invesco Ltd. increased its stake in EchoStar by 26.0% in the fourth 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. Institutional investors own 33.62% of the company's stock.

EchoStar Price Performance

NASDAQ:SATS traded up $0.54 during mid-day trading on Friday, hitting $23.44. The company's stock had a trading volume of 1,137,295 shares, compared to its average volume of 1,846,581. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 1.11. The stock has a fifty day moving average of $23.71 and a 200-day moving average of $25.00. The company has a market capitalization of $6.71 billion, a price-to-earnings ratio of -2.57 and a beta of 0.83. EchoStar Co. has a fifty-two week low of $14.79 and a fifty-two week high of $32.48.

EchoStar (NASDAQ:SATS - Get Free Report) last announced its quarterly earnings results on Friday, May 9th. The communications equipment provider reported ($0.71) EPS for the quarter, beating the consensus estimate of ($0.90) by $0.19. EchoStar had a negative return on equity of 0.64% and a negative net margin of 15.51%. The business had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same quarter in the previous year, the firm earned ($0.40) EPS. EchoStar's quarterly revenue was down 3.6% on a year-over-year basis. As a group, equities analysts forecast that EchoStar Co. will post -1.99 EPS for the current fiscal year.

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.