EchoStar Target of Unusually Large Options Trading (NASDAQ:SATS)

EchoStar Co. (NASDAQ:SATS - Get Free Report) was the recipient of some unusual options trading activity on Wednesday. Stock traders bought 11,918 call options on the stock. This represents an increase of 219% compared to the average daily volume of 3,740 call options.

Hedge Funds Weigh In On EchoStar

Hedge funds have recently made changes to their positions in the business. Inspire Investing LLC increased its position in shares of EchoStar by 374.7% during the 1st quarter. Inspire Investing LLC now owns 83,540 shares of the communications equipment provider's stock worth $2,137,000 after purchasing an additional 65,941 shares in the last quarter. Rhumbline Advisers increased its position in shares of EchoStar by 4.7% during the 1st quarter. Rhumbline Advisers now owns 391,985 shares of the communications equipment provider's stock worth $10,027,000 after purchasing an additional 17,448 shares in the last quarter. Strs Ohio acquired a new stake in shares of EchoStar during the 1st quarter worth about $128,000. Intech Investment Management LLC increased its position in shares of EchoStar by 49.1% during the 1st quarter. Intech Investment Management LLC now owns 115,835 shares of the communications equipment provider's stock worth $2,963,000 after purchasing an additional 38,131 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of EchoStar by 8.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 331,476 shares of the communications equipment provider's stock worth $8,479,000 after purchasing an additional 24,749 shares in the last quarter. Institutional investors and hedge funds own 33.62% of the company's stock.

EchoStar Stock Performance

NASDAQ:SATS traded up $2.83 during trading hours on Thursday, hitting $19.03. 8,947,424 shares of the company traded hands, compared to its average volume of 1,995,188. The stock has a market capitalization of $5.47 billion, a price-to-earnings ratio of -2.08 and a beta of 0.83. EchoStar has a twelve month low of $14.79 and a twelve month high of $32.48. The firm has a 50-day moving average of $21.91 and a 200 day moving average of $24.55. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 1.11.

EchoStar (NASDAQ:SATS - Get Free Report) last announced its quarterly earnings data on Friday, May 9th. The communications equipment provider reported ($0.71) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.90) by $0.19. EchoStar had a negative net margin of 15.51% and a negative return on equity of 0.64%. The company had revenue of $3.87 billion during the quarter, compared to analysts' expectations of $3.87 billion. During the same quarter in the prior year, the company posted ($0.40) EPS. The business's revenue was down 3.6% on a year-over-year basis. On average, analysts forecast that EchoStar will post -1.99 EPS for the current year.

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.