EchoStar Co. (NASDAQ:SATS) Shares Bought by Nebula Research & Development LLC

Nebula Research & Development LLC grew its holdings in EchoStar Co. (NASDAQ:SATS - Free Report) by 88.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,673 shares of the communications equipment provider's stock after buying an additional 19,590 shares during the period. Nebula Research & Development LLC's holdings in EchoStar were worth $954,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. SG Americas Securities LLC raised its holdings in EchoStar by 136.0% in the 4th quarter. SG Americas Securities LLC now owns 15,689 shares of the communications equipment provider's stock valued at $359,000 after acquiring an additional 9,042 shares during the last quarter. Inspire Investing LLC increased its holdings in shares of EchoStar by 7.3% in the fourth quarter. Inspire Investing LLC now owns 17,599 shares of the communications equipment provider's stock valued at $403,000 after purchasing an additional 1,198 shares during the last quarter. KBC Group NV lifted its position in EchoStar by 65.1% during the fourth quarter. KBC Group NV now owns 6,684 shares of the communications equipment provider's stock worth $153,000 after buying an additional 2,635 shares in the last quarter. Empowered Funds LLC boosted its stake in EchoStar by 6.1% during the fourth quarter. Empowered Funds LLC now owns 344,188 shares of the communications equipment provider's stock worth $7,882,000 after buying an additional 19,772 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in EchoStar by 309.6% in the 4th quarter. Van ECK Associates Corp now owns 133,108 shares of the communications equipment provider's stock valued at $3,048,000 after buying an additional 100,608 shares in the last quarter. 33.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, UBS Group boosted their price target on shares of EchoStar from $15.00 to $28.00 and gave the company a "neutral" rating in a research report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, EchoStar has a consensus rating of "Hold" and an average price target of $23.75.

EchoStar Stock Performance

Shares of EchoStar stock opened at $22.56 on Monday. The business's fifty day simple moving average is $25.54 and its 200-day simple moving average is $25.23. 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 $6.46 billion, a PE ratio of -2.46 and a beta of 0.72. EchoStar Co. has a 52 week low of $14.40 and a 52 week high of $32.48.

EchoStar (NASDAQ:SATS - Get Free Report) last announced its earnings results on Thursday, February 27th. The communications equipment provider reported $1.24 earnings per share for the quarter, topping the consensus estimate of ($0.63) by $1.87. The company had revenue of $3.97 billion during the quarter, compared to analyst estimates of $3.93 billion. EchoStar had a negative net margin of 15.51% and a negative return on equity of 0.64%. Equities analysts forecast that EchoStar Co. will post -1.99 earnings per share for the current 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.

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