EchoStar Sees Unusually Large Options Volume (NASDAQ:SATS)

EchoStar Co. (NASDAQ:SATS - Get Free Report) was the recipient of unusually large options trading on Friday. Stock traders acquired 5,253 put options on the stock. This represents an increase of 65% compared to the typical volume of 3,187 put options.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Farther Finance Advisors LLC lifted its stake in shares of EchoStar by 8,125.0% in the 1st quarter. Farther Finance Advisors LLC now owns 987 shares of the communications equipment provider's stock valued at $25,000 after acquiring an additional 975 shares during the last quarter. Smartleaf Asset Management LLC lifted 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 acquiring an additional 1,151 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of EchoStar by 44.5% in the 1st quarter. Fifth Third Bancorp now owns 1,841 shares of the communications equipment provider's stock valued at $47,000 after acquiring an additional 567 shares during the last quarter. State of Wyoming acquired a new stake in EchoStar in the fourth quarter valued at $47,000. Finally, GAMMA Investing LLC increased its holdings in EchoStar by 39.6% in the first quarter. GAMMA Investing LLC now owns 3,441 shares of the communications equipment provider's stock valued at $88,000 after purchasing an additional 976 shares during the period. 33.62% of the stock is currently owned by institutional investors.

EchoStar Price Performance

NASDAQ SATS traded down $2.28 on Friday, hitting $17.89. 10,608,446 shares of the company's stock were exchanged, compared to its average volume of 1,903,618. The stock has a 50-day moving average of $22.45 and a 200-day moving average of $24.70. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 1.11. EchoStar has a 52 week low of $14.79 and a 52 week high of $32.48. The stock has a market cap of $5.14 billion, a price-to-earnings ratio of -1.95 and a beta of 0.83.

EchoStar (NASDAQ:SATS - Get Free Report) last released its earnings results on Friday, May 9th. The communications equipment provider reported ($0.71) earnings per share for the quarter, topping 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 firm had revenue of $3.87 billion during the quarter, compared to analysts' expectations of $3.87 billion. During the same period in the prior year, the company earned ($0.40) earnings per share. The company's quarterly revenue was down 3.6% on a year-over-year basis. Analysts expect that EchoStar will post -1.99 earnings per share for the current year.

About EchoStar

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.