Tiptree Advisors LLC Buys Shares of 134,211 EchoStar Co. (NASDAQ:SATS)

Tiptree Advisors LLC purchased a new stake in shares of EchoStar Co. (NASDAQ:SATS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 134,211 shares of the communications equipment provider's stock, valued at approximately $3,073,000. EchoStar comprises about 3.2% of Tiptree Advisors LLC's portfolio, making the stock its 13th largest position.

Several other large investors have also recently modified their holdings of SATS. Smartleaf Asset Management LLC grew its holdings in shares of EchoStar by 251.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,609 shares of the communications equipment provider's stock valued at $37,000 after buying an additional 1,151 shares during the last quarter. State of Wyoming purchased a new position in EchoStar during the fourth quarter worth about $47,000. Quarry LP boosted its holdings in EchoStar by 8,906.7% during the fourth quarter. Quarry LP now owns 4,053 shares of the communications equipment provider's stock worth $93,000 after purchasing an additional 4,008 shares during the last quarter. Covestor Ltd boosted its holdings in EchoStar by 189.1% during the fourth quarter. Covestor Ltd now owns 4,796 shares of the communications equipment provider's stock worth $110,000 after purchasing an additional 3,137 shares during the last quarter. Finally, KBC Group NV boosted its holdings 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 purchasing an additional 2,635 shares during the last quarter. Institutional investors own 33.62% of the company's stock.

EchoStar Stock Performance

SATS traded up $0.22 during midday trading on Thursday, reaching $20.17. The company had a trading volume of 1,433,514 shares, compared to its average volume of 1,865,389. 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 stock has a market cap of $5.80 billion, a PE ratio of -2.20 and a beta of 0.83. EchoStar Co. has a 12-month low of $14.79 and a 12-month high of $32.48. The business has a 50-day moving average price of $22.76 and a two-hundred day moving average price of $24.74.

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 analysts' consensus estimates of ($0.90) by $0.19. The company had revenue of $3.87 billion for the quarter, compared to analysts' expectations of $3.87 billion. EchoStar had a negative net margin of 15.51% and a negative return on equity of 0.64%. EchoStar's revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.40) EPS. On average, sell-side analysts expect that EchoStar Co. will post -1.99 earnings per share for the current fiscal 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.