Two Sigma Advisers LP Buys Shares of 18,078 EchoStar Co. (NASDAQ:SATS)

Two Sigma Advisers LP acquired a new stake in EchoStar Co. (NASDAQ:SATS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 18,078 shares of the communications equipment provider's stock, valued at approximately $414,000.

Several other institutional investors have also modified their holdings of the stock. Smartleaf Asset Management LLC raised its holdings in shares of EchoStar by 251.3% in the fourth 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 during the period. State of Wyoming purchased a new position in EchoStar during the 4th quarter worth $47,000. Quarry LP increased its holdings in EchoStar by 8,906.7% during the 4th 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 period. Covestor Ltd increased its holdings in EchoStar by 189.1% during the 4th 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 period. Finally, KBC Group NV increased its holdings in EchoStar by 65.1% during the 4th 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 period. 33.62% of the stock is owned by institutional investors.

EchoStar Trading Down 8.1%

SATS traded down $1.55 during trading on Friday, hitting $17.48. 4,483,082 shares of the stock were exchanged, compared to its average volume of 2,014,054. The firm has a 50 day simple moving average of $21.63 and a 200 day simple moving average of $24.48. The firm has a market cap of $5.02 billion, a price-to-earnings ratio of -1.91 and a beta of 0.74. EchoStar Co. has a 1 year low of $14.79 and a 1 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.

EchoStar (NASDAQ:SATS - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The communications equipment provider reported ($0.71) EPS for the quarter, topping the consensus estimate of ($0.90) by $0.19. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the business posted ($0.40) EPS. As a group, equities analysts expect that EchoStar Co. will post -1.99 EPS 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.