22,884 Shares in EchoStar Co. (NASDAQ:SATS) Bought by Woodline Partners LP

Woodline Partners LP acquired a new position in shares of EchoStar Co. (NASDAQ:SATS - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 22,884 shares of the communications equipment provider's stock, valued at approximately $524,000.

Several other large investors have also made changes to their positions in the company. FIL Ltd increased its stake in EchoStar by 139.9% during the 4th quarter. FIL Ltd now owns 601,250 shares of the communications equipment provider's stock worth $13,769,000 after buying an additional 350,650 shares during the period. Nebula Research & Development LLC grew its stake in EchoStar by 88.7% during the 4th quarter. Nebula Research & Development LLC now owns 41,673 shares of the communications equipment provider's stock worth $954,000 after buying an additional 19,590 shares during the last quarter. Illinois Municipal Retirement Fund grew its position in shares of EchoStar by 30.8% during the fourth quarter. Illinois Municipal Retirement Fund now owns 69,076 shares of the communications equipment provider's stock worth $1,582,000 after acquiring an additional 16,253 shares during the last quarter. Pennant Investors LP grew its holdings in EchoStar by 4.2% in the 4th quarter. Pennant Investors LP now owns 2,417,837 shares of the communications equipment provider's stock worth $55,368,000 after buying an additional 97,000 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of EchoStar in the fourth quarter worth $3,033,000. 33.62% of the stock is owned by hedge funds and other institutional investors.

EchoStar Price Performance

SATS stock traded down $2.28 during trading hours on Friday, hitting $17.89. 10,608,446 shares of the stock traded hands, compared to its average volume of 1,903,534. The stock has a 50-day simple moving average of $22.45 and a 200 day simple moving average of $24.66. EchoStar Co. has a one year low of $14.79 and a one year high of $32.48. The company has a market cap of $5.14 billion, a P/E ratio of -1.95 and a beta of 0.83. 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 (NASDAQ:SATS - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The communications equipment provider reported ($0.71) EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $3.87 billion. During the same quarter last year, the business posted ($0.40) EPS. The company's revenue was down 3.6% on a year-over-year basis. Equities 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.