20,000 Shares in EchoStar Co. (NASDAQ:SATS) Acquired by Orvieto Partners L.P.

Orvieto Partners L.P. bought a new position in shares of EchoStar Co. (NASDAQ:SATS - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 20,000 shares of the communications equipment provider's stock, valued at approximately $458,000.

Other hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC increased its position in shares of EchoStar by 251.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,609 shares of the communications equipment provider's stock worth $37,000 after purchasing an additional 1,151 shares in the last quarter. Covestor Ltd increased its position in 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 acquiring an additional 3,137 shares in the last quarter. KBC Group NV increased its position in EchoStar by 65.1% in the 4th quarter. KBC Group NV now owns 6,684 shares of the communications equipment provider's stock valued at $153,000 after acquiring an additional 2,635 shares in the last quarter. Xponance Inc. increased its position in EchoStar by 8.7% in the 4th quarter. Xponance Inc. now owns 8,773 shares of the communications equipment provider's stock valued at $201,000 after acquiring an additional 701 shares in the last quarter. Finally, LPL Financial LLC acquired a new stake in EchoStar in the 4th quarter valued at about $204,000. Institutional investors and hedge funds own 33.62% of the company's stock.

Wall Street Analyst Weigh In

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

EchoStar Trading Up 0.3 %

Shares of NASDAQ:SATS traded up $0.07 during trading on Tuesday, hitting $22.75. 230,336 shares of the company's stock were exchanged, compared to its average volume of 1,731,557. EchoStar Co. has a 1-year low of $14.40 and a 1-year high of $32.48. The firm has a 50-day moving average price of $25.40 and a two-hundred day moving average price of $25.21. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 1.11. The firm has a market cap of $6.52 billion, a P/E ratio of -2.48 and a beta of 0.72.

EchoStar (NASDAQ:SATS - Get Free Report) last issued its quarterly 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 net margin of 15.51% and a negative return on equity of 0.64%. The company had revenue of $3.97 billion during the quarter, compared to analysts' expectations of $3.93 billion. Equities analysts predict that EchoStar Co. will post -1.99 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.