21,716 Shares in EchoStar Co. (NASDAQ:SATS) Acquired by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. bought a new stake in EchoStar Co. (NASDAQ:SATS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 21,716 shares of the communications equipment provider's stock, valued at approximately $555,000.

Other large investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its position in shares of EchoStar by 8,125.0% during 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. Rhumbline Advisers raised its stake in EchoStar by 4.7% during the first quarter. Rhumbline Advisers now owns 391,985 shares of the communications equipment provider's stock worth $10,027,000 after purchasing an additional 17,448 shares during the period. GAMMA Investing LLC boosted its holdings in EchoStar by 3,470.8% in the 1st quarter. GAMMA Investing LLC now owns 88,021 shares of the communications equipment provider's stock valued at $2,252,000 after purchasing an additional 85,556 shares during the last quarter. Tiptree Advisors LLC purchased a new stake in shares of EchoStar in the 4th quarter valued at approximately $3,073,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of EchoStar by 38.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 306,727 shares of the communications equipment provider's stock worth $7,024,000 after buying an additional 84,829 shares during the last quarter. 33.62% of the stock is currently owned by hedge funds and other institutional investors.

EchoStar Trading Down 6.9%

SATS opened at $16.84 on Friday. The stock has a market capitalization of $4.84 billion, a PE ratio of -1.84 and a beta of 0.75. EchoStar Co. has a one year low of $14.79 and a one year high of $32.48. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.61 and a current ratio of 0.67. The business's 50 day moving average price is $21.06 and its 200 day moving average price is $24.23.

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. The business had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.87 billion. EchoStar had a negative return on equity of 0.64% and a negative net margin of 15.51%. The company's quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.40) EPS. As a group, equities research analysts expect that EchoStar Co. will post -1.99 EPS 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.

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