Mutual of America Capital Management LLC Lowers Stock Holdings in EchoStar Co. (NASDAQ:SATS)

Mutual of America Capital Management LLC decreased its stake in EchoStar Co. (NASDAQ:SATS - Free Report) by 86.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,056 shares of the communications equipment provider's stock after selling 133,741 shares during the quarter. Mutual of America Capital Management LLC's holdings in EchoStar were worth $349,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of SATS. Swiss National Bank boosted its stake in EchoStar by 2.3% in the third quarter. Swiss National Bank now owns 75,400 shares of the communications equipment provider's stock worth $1,263,000 after purchasing an additional 1,700 shares in the last quarter. Barclays PLC boosted its stake in EchoStar by 3.8% in the third quarter. Barclays PLC now owns 52,341 shares of the communications equipment provider's stock worth $877,000 after purchasing an additional 1,911 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in EchoStar by 14.3% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 18,046 shares of the communications equipment provider's stock worth $302,000 after purchasing an additional 2,261 shares in the last quarter. Potomac Capital Management Inc. boosted its stake in EchoStar by 1.9% in the third quarter. Potomac Capital Management Inc. now owns 233,600 shares of the communications equipment provider's stock worth $3,913,000 after purchasing an additional 4,286 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in EchoStar by 2.7% in the third quarter. Bank of New York Mellon Corp now owns 178,405 shares of the communications equipment provider's stock worth $2,988,000 after purchasing an additional 4,766 shares in the last quarter. Institutional investors and hedge funds own 33.62% of the company's stock.

EchoStar Trading Up 3.8 %

NASDAQ SATS traded up $0.58 on Wednesday, reaching $15.88. The company had a trading volume of 1,018,774 shares, compared to its average volume of 2,392,977. The stock's 50 day moving average is $13.73 and its 200-day moving average is $13.46. The stock has a market cap of $4.31 billion, a price-to-earnings ratio of -2.27 and a beta of 0.69. The company has a quick ratio of 0.53, a current ratio of 0.61 and a debt-to-equity ratio of 0.99. EchoStar Co. has a 52 week low of $9.53 and a 52 week high of $24.80.

EchoStar (NASDAQ:SATS - Get Free Report) last announced its quarterly earnings results on Thursday, February 29th. The communications equipment provider reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $1.19. The company had revenue of $4.16 billion during the quarter. EchoStar had a positive return on equity of 5.24% and a negative net margin of 36.33%. The firm's revenue was up 732.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.59 earnings per share. Equities analysts predict that EchoStar Co. will post -1.28 earnings per share for the current year.

Wall Street Analyst Weigh In

SATS has been the subject of a number of recent research reports. Morgan Stanley dropped their target price on EchoStar from $14.25 to $14.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 3rd. JPMorgan Chase & Co. initiated coverage on EchoStar in a research report on Wednesday, January 17th. They set a "neutral" rating and a $18.00 target price for the company. StockNews.com initiated coverage on EchoStar in a research report on Saturday, April 13th. They set a "sell" rating for the company. TD Cowen dropped their target price on EchoStar from $39.00 to $38.00 and set an "outperform" rating for the company in a research report on Monday, March 4th. Finally, UBS Group upped their price objective on EchoStar from $11.00 to $14.00 and gave the company a "neutral" rating in a report on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $23.00.

Insider Activity at EchoStar

In related news, Director James Defranco purchased 70,000 shares of EchoStar stock in a transaction that occurred on Wednesday, March 6th. The stock was purchased at an average cost of $13.14 per share, with a total value of $919,800.00. Following the completion of the transaction, the director now owns 176,951 shares of the company's stock, valued at approximately $2,325,136.14. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 55.90% of the company's stock.

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.