Xponance Inc. Has $539,000 Stake in EchoStar Corporation (NASDAQ:SATS)

Xponance Inc. raised its stake in EchoStar Corporation (NASDAQ:SATS - Free Report) by 140.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,066 shares of the communications equipment provider's stock after buying an additional 12,293 shares during the quarter. Xponance Inc.'s holdings in EchoStar were worth $539,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its position in EchoStar by 8,125.0% in the first quarter. Farther Finance Advisors LLC now owns 987 shares of the communications equipment provider's stock valued at $25,000 after purchasing an additional 975 shares in the last quarter. State of Wyoming bought a new position in EchoStar in the fourth quarter valued at $47,000. Fifth Third Bancorp grew its position in EchoStar by 44.5% in the first quarter. Fifth Third Bancorp now owns 1,841 shares of the communications equipment provider's stock valued at $47,000 after purchasing an additional 567 shares in the last quarter. GAMMA Investing LLC grew its position in EchoStar by 39.6% in the first quarter. GAMMA Investing LLC now owns 3,441 shares of the communications equipment provider's stock valued at $88,000 after purchasing an additional 976 shares in the last quarter. Finally, Quarry LP grew its position in EchoStar by 8,906.7% in the fourth quarter. Quarry LP now owns 4,053 shares of the communications equipment provider's stock valued at $93,000 after purchasing an additional 4,008 shares in the last quarter. Institutional investors own 33.62% of the company's stock.

Analysts Set New Price Targets

Separately, Citigroup boosted their target price on shares of EchoStar from $27.00 to $28.50 and gave the stock a "neutral" rating in a report on Monday, June 23rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $24.70.

EchoStar Price Performance

Shares of SATS stock traded down $0.28 on Monday, reaching $28.33. The company had a trading volume of 2,349,940 shares, compared to its average volume of 2,352,734. The stock has a market capitalization of $8.14 billion, a PE ratio of -37.77 and a beta of 0.90. The company has a quick ratio of 1.19, a current ratio of 1.26 and a debt-to-equity ratio of 1.26. EchoStar Corporation has a one year low of $14.79 and a one year high of $33.04. The business's 50-day moving average is $23.80 and its 200 day moving average is $25.07.

EchoStar (NASDAQ:SATS - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The communications equipment provider reported ($0.71) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.90) by $0.19. EchoStar had a negative return on equity of 1.08% and a negative net margin of 1.37%. The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter in the prior year, the firm posted ($0.40) earnings per share. The firm's revenue was down 3.6% compared to the same quarter last year. Equities research analysts forecast that EchoStar Corporation 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.