Gamco Investors INC. ET AL Has $8.07 Million Position in EchoStar Co. (NASDAQ:SATS)

Gamco Investors INC. ET AL cut its stake in shares of EchoStar Co. (NASDAQ:SATS - Free Report) by 3.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 352,441 shares of the communications equipment provider's stock after selling 12,422 shares during the period. Gamco Investors INC. ET AL owned about 0.13% of EchoStar worth $8,071,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its holdings in 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 last quarter. Covestor Ltd lifted its stake in shares of EchoStar by 189.1% in the 4th quarter. Covestor Ltd now owns 4,796 shares of the communications equipment provider's stock valued at $110,000 after purchasing an additional 3,137 shares during the last quarter. KBC Group NV increased its position 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 buying an additional 2,635 shares during the last quarter. Xponance Inc. lifted its position in shares of EchoStar by 8.7% in the fourth quarter. Xponance Inc. now owns 8,773 shares of the communications equipment provider's stock worth $201,000 after buying an additional 701 shares during the last quarter. Finally, LPL Financial LLC bought a new position in shares of EchoStar in the 4th quarter valued at approximately $204,000. Hedge funds and other institutional investors own 33.62% of the company's stock.

EchoStar Stock Performance

Shares of NASDAQ:SATS traded up $0.56 on Tuesday, hitting $21.56. 248,788 shares of the company were exchanged, compared to its average volume of 1,730,710. The company's 50 day moving average price is $26.13 and its two-hundred day moving average price is $25.32. 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 Co. has a one year low of $14.40 and a one year high of $32.48. The firm has a market capitalization of $6.18 billion, a price-to-earnings ratio of -2.35 and a beta of 0.72.

EchoStar (NASDAQ:SATS - Get Free Report) last issued its earnings results on Thursday, February 27th. The communications equipment provider reported $1.24 EPS for the quarter, topping the consensus estimate of ($0.63) by $1.87. EchoStar had a negative return on equity of 0.64% and a negative net margin of 15.51%. The firm had revenue of $3.97 billion during the quarter, compared to analysts' expectations of $3.93 billion. Research analysts expect that EchoStar Co. will post -1.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, UBS Group upped their price objective on shares of EchoStar from $15.00 to $28.00 and gave the stock a "neutral" rating in a report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, EchoStar currently has a consensus rating of "Hold" and an average price target of $23.75.

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.