Dimensional Fund Advisors LP Sells 890,564 Shares of EchoStar Co. (NASDAQ:SATS)

Dimensional Fund Advisors LP lowered its stake in shares of EchoStar Co. (NASDAQ:SATS - Free Report) by 84.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 168,135 shares of the communications equipment provider's stock after selling 890,564 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.06% of EchoStar worth $3,850,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in SATS. SG Americas Securities LLC boosted its stake in EchoStar by 136.0% during the 4th quarter. SG Americas Securities LLC now owns 15,689 shares of the communications equipment provider's stock worth $359,000 after acquiring an additional 9,042 shares during the last quarter. Inspire Investing LLC boosted its stake in EchoStar by 7.3% during the 4th quarter. Inspire Investing LLC now owns 17,599 shares of the communications equipment provider's stock worth $403,000 after acquiring an additional 1,198 shares during the last quarter. KBC Group NV boosted its stake in EchoStar by 65.1% during the 4th quarter. KBC Group NV now owns 6,684 shares of the communications equipment provider's stock worth $153,000 after acquiring an additional 2,635 shares during the last quarter. Empowered Funds LLC boosted its stake in EchoStar by 6.1% during the 4th quarter. Empowered Funds LLC now owns 344,188 shares of the communications equipment provider's stock worth $7,882,000 after acquiring an additional 19,772 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in EchoStar by 309.6% during the 4th quarter. Van ECK Associates Corp now owns 133,108 shares of the communications equipment provider's stock worth $3,048,000 after acquiring an additional 100,608 shares during the last quarter. Institutional investors own 33.62% of the company's stock.

EchoStar Trading Up 2.1%

EchoStar stock traded up $0.49 during midday trading on Friday, hitting $23.39. 2,618,829 shares of the stock were exchanged, compared to its average volume of 1,855,533. The company has a fifty day simple moving average of $23.65 and a two-hundred day simple moving average of $24.99. EchoStar Co. has a 52 week low of $14.79 and a 52 week high of $32.48. The stock has a market capitalization of $6.70 billion, a PE ratio of -2.55 and a beta of 0.83. 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 (NASDAQ:SATS - Get Free Report) last announced its quarterly earnings results on Friday, May 9th. The communications equipment provider reported ($0.71) earnings per share for the quarter, beating analysts' consensus estimates 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 firm 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 posted ($0.40) earnings per share. The business's revenue was down 3.6% on a year-over-year basis. Equities research analysts anticipate that EchoStar Co. will post -1.99 EPS for the current fiscal 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.