GAMMA Investing LLC Boosts Stock Position in EchoStar Co. (NASDAQ:SATS)

GAMMA Investing LLC lifted its holdings in shares of EchoStar Co. (NASDAQ:SATS - Free Report) by 3,470.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 88,021 shares of the communications equipment provider's stock after buying an additional 85,556 shares during the period. GAMMA Investing LLC's holdings in EchoStar were worth $2,252,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in SATS. Xponance Inc. increased its stake in shares of EchoStar by 8.7% during the 4th quarter. Xponance Inc. now owns 8,773 shares of the communications equipment provider's stock worth $201,000 after purchasing an additional 701 shares in the last quarter. Gilder Gagnon Howe & Co. LLC raised its position in shares of EchoStar by 2.0% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 47,604 shares of the communications equipment provider's stock worth $1,090,000 after purchasing an additional 941 shares during the period. Smartleaf Asset Management LLC grew its holdings in EchoStar by 251.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,609 shares of the communications equipment provider's stock worth $37,000 after buying an additional 1,151 shares in the last quarter. Swiss National Bank grew its holdings in EchoStar by 0.8% in the 4th quarter. Swiss National Bank now owns 248,425 shares of the communications equipment provider's stock worth $5,689,000 after buying an additional 2,000 shares in the last quarter. Finally, State of Wyoming bought a new position in EchoStar during the 4th quarter valued at $47,000. 33.62% of the stock is owned by hedge funds and other institutional investors.

EchoStar Stock Performance

SATS opened at $16.84 on Friday. The business has a fifty day simple moving average of $21.06 and a 200-day simple moving average of $24.24. The firm has a market cap of $4.84 billion, a PE ratio of -1.84 and a beta of 0.75. EchoStar Co. has a fifty-two week low of $14.79 and a fifty-two week high of $32.48. 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 data on Friday, May 9th. The communications equipment provider reported ($0.71) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.90) by $0.19. The business had revenue of $3.87 billion during 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%. EchoStar's quarterly revenue was down 3.6% compared to the same quarter last year. During the same period last year, the company earned ($0.40) earnings per share. As a group, equities analysts predict that EchoStar Co. will post -1.99 EPS for the current fiscal 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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