Quantedge Capital Pte Ltd Takes $284,000 Position in EchoStar Co. (NASDAQ:SATS)

Quantedge Capital Pte Ltd acquired a new position in shares of EchoStar Co. (NASDAQ:SATS - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 12,400 shares of the communications equipment provider's stock, valued at approximately $284,000.

Other large investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its holdings 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 valued at $37,000 after acquiring an additional 1,151 shares in the last quarter. Quarry LP increased its stake in shares of EchoStar by 8,906.7% in the fourth quarter. Quarry LP now owns 4,053 shares of the communications equipment provider's stock worth $93,000 after purchasing an additional 4,008 shares during the period. Covestor Ltd lifted its holdings in shares of EchoStar by 189.1% during the fourth quarter. Covestor Ltd now owns 4,796 shares of the communications equipment provider's stock worth $110,000 after buying an additional 3,137 shares during the last quarter. KBC Group NV boosted its holdings 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 purchasing an additional 2,635 shares during the period. Finally, Xponance Inc. raised its position in shares of EchoStar by 8.7% during the fourth quarter. Xponance Inc. now owns 8,773 shares of the communications equipment provider's stock valued at $201,000 after buying an additional 701 shares during the last quarter. 33.62% of the stock is owned by institutional investors and hedge funds.

EchoStar Stock Performance

EchoStar stock traded up $0.20 during trading hours on Tuesday, hitting $22.20. The stock had a trading volume of 366,556 shares, compared to its average volume of 2,445,458. The company has a 50-day moving average of $23.56 and a two-hundred day moving average of $24.97. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 1.11. EchoStar Co. has a fifty-two week low of $14.79 and a fifty-two week high of $32.48. The company has a market cap of $6.36 billion, a PE ratio of -2.42 and a beta of 0.83.

EchoStar (NASDAQ:SATS - Get Free Report) last issued its earnings results on Friday, May 9th. The communications equipment provider reported ($0.71) EPS for the quarter, topping the consensus estimate of ($0.90) by $0.19. The firm had revenue of $3.87 billion during the quarter, compared to analysts' expectations of $3.87 billion. EchoStar had a negative return on equity of 0.64% and a negative net margin of 15.51%. EchoStar's quarterly revenue was down 3.6% compared to the same quarter last year. During the same period last year, the business earned ($0.40) earnings per share. On average, equities research analysts anticipate that EchoStar Co. will post -1.99 EPS for the current fiscal 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.