Tudor Investment Corp ET AL Has $7.83 Million Stake in EchoStar Co. (NASDAQ:SATS)

Tudor Investment Corp ET AL raised its holdings in shares of EchoStar Co. (NASDAQ:SATS - Free Report) by 219.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 341,995 shares of the communications equipment provider's stock after buying an additional 234,896 shares during the period. Tudor Investment Corp ET AL owned about 0.13% of EchoStar worth $7,832,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its stake 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 acquiring an additional 1,151 shares in the last quarter. Quarry LP lifted its holdings in shares of EchoStar by 8,906.7% during the fourth quarter. Quarry LP now owns 4,053 shares of the communications equipment provider's stock valued at $93,000 after purchasing an additional 4,008 shares during the last quarter. Covestor Ltd boosted its position in shares of 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 purchasing an additional 3,137 shares during the period. KBC Group NV increased its stake in EchoStar by 65.1% in the 4th quarter. KBC Group NV now owns 6,684 shares of the communications equipment provider's stock worth $153,000 after purchasing an additional 2,635 shares in the last quarter. Finally, Xponance Inc. lifted its stake in 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 in the last quarter. Institutional investors and hedge funds own 33.62% of the company's stock.

EchoStar Stock Up 4.4 %

EchoStar stock traded up $1.01 during mid-day trading on Friday, hitting $24.03. The company's stock had a trading volume of 1,207,824 shares, compared to its average volume of 1,734,187. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.67 and a quick ratio of 0.61. EchoStar Co. has a 52-week low of $14.40 and a 52-week high of $32.48. The firm's 50 day moving average is $24.90 and its 200 day moving average is $25.15. The company has a market cap of $6.88 billion, a PE ratio of -2.62 and a beta of 0.72.

EchoStar (NASDAQ:SATS - Get Free Report) last posted 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. The business had revenue of $3.97 billion during the quarter, compared to analysts' expectations of $3.93 billion. EchoStar had a negative net margin of 15.51% and a negative return on equity of 0.64%. On average, analysts anticipate that EchoStar Co. will post -1.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.