Deutsche Bank AG Boosts Stake in EchoStar Co. (NASDAQ:SATS)

Deutsche Bank AG raised its holdings in EchoStar Co. (NASDAQ:SATS - Free Report) by 325.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 940,950 shares of the communications equipment provider's stock after acquiring an additional 719,685 shares during the period. Deutsche Bank AG owned approximately 0.35% of EchoStar worth $21,548,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Xponance Inc. grew its stake in shares of EchoStar by 8.7% in the 4th quarter. Xponance Inc. now owns 8,773 shares of the communications equipment provider's stock valued at $201,000 after buying an additional 701 shares during the period. Gilder Gagnon Howe & Co. LLC grew its stake in shares of EchoStar by 2.0% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 47,604 shares of the communications equipment provider's stock valued at $1,090,000 after buying an additional 941 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of EchoStar by 251.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,609 shares of the communications equipment provider's stock valued at $37,000 after buying an additional 1,151 shares during the period. Inspire Investing LLC grew its stake in shares of EchoStar by 7.3% in the 4th quarter. Inspire Investing LLC now owns 17,599 shares of the communications equipment provider's stock valued at $403,000 after buying an additional 1,198 shares during the period. Finally, Swiss National Bank grew its stake in shares of EchoStar by 0.8% in the 4th quarter. Swiss National Bank now owns 248,425 shares of the communications equipment provider's stock valued at $5,689,000 after buying an additional 2,000 shares during the period. Institutional investors and hedge funds own 33.62% of the company's stock.

EchoStar Trading Up 2.1%

Shares of EchoStar stock traded up $0.49 during mid-day trading on Friday, hitting $23.39. The stock had a trading volume of 2,618,829 shares, compared to its average volume of 1,858,567. The firm has a 50-day moving average of $23.65 and a two-hundred day moving average of $24.99. EchoStar Co. has a 12-month low of $14.79 and a 12-month high of $32.48. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 1.11. The firm has a market cap of $6.70 billion, a P/E ratio of -2.55 and a beta of 0.83.

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

EchoStar 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.