UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 84,829 Shares of EchoStar Co. (NASDAQ:SATS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of EchoStar Co. (NASDAQ:SATS - Free Report) by 38.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 306,727 shares of the communications equipment provider's stock after acquiring an additional 84,829 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.11% of EchoStar worth $7,024,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of EchoStar by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 13,737,733 shares of the communications equipment provider's stock valued at $314,594,000 after purchasing an additional 88,488 shares during the last quarter. Darsana Capital Partners LP increased its position in EchoStar by 133.3% during the 4th quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the communications equipment provider's stock valued at $160,300,000 after buying an additional 4,000,000 shares in the last quarter. Diameter Capital Partners LP raised its stake in EchoStar by 523.7% during the fourth quarter. Diameter Capital Partners LP now owns 5,026,823 shares of the communications equipment provider's stock valued at $115,114,000 after buying an additional 4,220,853 shares during the last quarter. American Century Companies Inc. boosted its holdings in EchoStar by 1.0% in the fourth quarter. American Century Companies Inc. now owns 2,992,060 shares of the communications equipment provider's stock worth $68,518,000 after acquiring an additional 28,779 shares in the last quarter. Finally, Pennant Investors LP boosted its holdings in EchoStar by 4.2% in the fourth quarter. Pennant Investors LP now owns 2,417,837 shares of the communications equipment provider's stock worth $55,368,000 after acquiring an additional 97,000 shares in the last quarter. Institutional investors own 33.62% of the company's stock.

EchoStar Stock Up 2.2%

EchoStar stock traded up $0.36 during trading hours on Thursday, hitting $16.56. The stock had a trading volume of 1,097,554 shares, compared to its average volume of 1,961,525. The stock's 50-day moving average price is $21.91 and its 200-day moving average price is $24.55. The stock has a market capitalization of $4.76 billion, a P/E ratio of -1.81 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 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 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 company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.87 billion. During the same period in the previous year, the business earned ($0.40) EPS. The firm's revenue for the quarter was down 3.6% on a year-over-year basis. Equities research analysts anticipate that EchoStar Co. will post -1.99 EPS for the current fiscal 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.