Thompson Siegel & Walmsley LLC Has $4.91 Million Stock Position in EchoStar Co. (NASDAQ:SATS)

Thompson Siegel & Walmsley LLC reduced its position in shares of EchoStar Co. (NASDAQ:SATS - Free Report) by 57.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 296,153 shares of the communications equipment provider's stock after selling 402,145 shares during the period. Thompson Siegel & Walmsley LLC owned about 0.35% of EchoStar worth $4,907,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SATS. Beryl Capital Management LLC acquired a new stake in shares of EchoStar during the 3rd quarter valued at approximately $36,090,000. Qube Research & Technologies Ltd acquired a new stake in shares of EchoStar during the 3rd quarter valued at approximately $10,155,000. Charles Schwab Investment Management Inc. raised its position in shares of EchoStar by 53.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,095,327 shares of the communications equipment provider's stock valued at $18,150,000 after acquiring an additional 383,030 shares in the last quarter. UBS Group AG raised its position in shares of EchoStar by 9,851.4% during the 3rd quarter. UBS Group AG now owns 208,582 shares of the communications equipment provider's stock valued at $3,494,000 after acquiring an additional 206,486 shares in the last quarter. Finally, Alpine Associates Management Inc. acquired a new stake in shares of EchoStar during the 3rd quarter valued at approximately $3,005,000. 33.62% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director James Defranco bought 70,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 6th. The stock was acquired at an average price of $13.14 per share, with a total value of $919,800.00. Following the completion of the purchase, the director now directly owns 176,951 shares of the company's stock, valued at approximately $2,325,136.14. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 55.90% of the company's stock.

Wall Street Analyst Weigh In

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

EchoStar Stock Performance

Shares of SATS traded down $0.30 during trading hours on Friday, reaching $15.31. 1,549,628 shares of the company's stock traded hands, compared to its average volume of 1,526,811. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of -1.99 and a beta of 0.62. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.44 and a quick ratio of 0.53. EchoStar Co. has a twelve month low of $9.53 and a twelve month high of $24.80. The business's fifty day simple moving average is $14.55 and its two-hundred day simple moving average is $13.65.

EchoStar (NASDAQ:SATS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The communications equipment provider reported ($0.40) EPS for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.23). The business had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.07 billion. EchoStar had a negative net margin of 23.47% and a positive return on equity of 2.26%. EchoStar's revenue for the quarter was down 8.5% on a year-over-year basis. During the same period last year, the business posted $0.38 earnings per share. Analysts predict that EchoStar Co. will post -0.55 earnings per share 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.