Thompson Siegel & Walmsley LLC Boosts Holdings in EchoStar Co. (NASDAQ:SATS)


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Thompson Siegel & Walmsley LLC boosted its holdings in EchoStar Co. (NASDAQ:SATS) by 37.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 931,416 shares of the communications equipment provider’s stock after purchasing an additional 254,178 shares during the quarter. Thompson Siegel & Walmsley LLC owned approximately 0.95% of EchoStar worth $19,737,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Hound Partners LLC boosted its stake in EchoStar by 16.7% during the third quarter. Hound Partners LLC now owns 3,060,496 shares of the communications equipment provider’s stock valued at $76,176,000 after buying an additional 439,053 shares during the last quarter. BlackRock Inc. grew its holdings in shares of EchoStar by 2.0% in the fourth quarter. BlackRock Inc. now owns 2,266,018 shares of the communications equipment provider’s stock valued at $48,014,000 after purchasing an additional 45,031 shares in the last quarter. Gabelli Funds LLC increased its position in EchoStar by 8.2% in the fourth quarter. Gabelli Funds LLC now owns 801,233 shares of the communications equipment provider’s stock worth $16,978,000 after purchasing an additional 60,500 shares during the last quarter. Acadian Asset Management LLC raised its stake in EchoStar by 29.4% during the third quarter. Acadian Asset Management LLC now owns 469,327 shares of the communications equipment provider’s stock valued at $11,685,000 after purchasing an additional 106,698 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in EchoStar by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 382,063 shares of the communications equipment provider’s stock valued at $9,510,000 after purchasing an additional 1,684 shares during the last quarter. 42.53% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SATS opened at $22.07 on Tuesday. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.41. The business has a fifty day moving average of $22.81 and a 200 day moving average of $24.93. The company has a market cap of $2.17 billion, a PE ratio of -22.75 and a beta of 0.69. EchoStar Co. has a 52-week low of $19.75 and a 52-week high of $39.03.

Several analysts have recently issued reports on the stock. Citigroup decreased their target price on shares of EchoStar from $30.00 to $27.00 in a research report on Monday, January 25th. Zacks Investment Research raised EchoStar from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Tuesday, November 10th.

EchoStar Profile

EchoStar Corporation, together with its subsidiaries, provides broadband satellite technologies and broadband Internet services worldwide. It operates in two segments, Hughes and EchoStar Satellite Services (ESS). The Hughes segments offers broadband satellite technologies and Internet services for home and small to medium-sized businesses, and satellite services; and broadband network technologies, managed services, equipment, hardware, satellite services, and communication solutions for aeronautical and government enterprises, as well as consumers.

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Institutional Ownership by Quarter for EchoStar (NASDAQ:SATS)

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