Thompson Siegel & Walmsley LLC Has $1.04 Million Stock Holdings in EchoStar Corporation $SATS

Thompson Siegel & Walmsley LLC lessened its stake in shares of EchoStar Corporation (NASDAQ:SATS) by 38.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,591 shares of the communications equipment provider’s stock after selling 5,982 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in EchoStar were worth $1,043,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. CoreCap Advisors LLC acquired a new stake in EchoStar during the fourth quarter worth $28,000. Rosenberg Matthew Hamilton bought a new position in shares of EchoStar during the fourth quarter valued at $29,000. Caitong International Asset Management Co. Ltd bought a new position in shares of EchoStar in the third quarter valued at about $38,000. Tucker Asset Management LLC bought a new position in shares of EchoStar in the fourth quarter valued at about $42,000. Finally, BOKF NA raised its holdings in shares of EchoStar by 300.0% in the fourth quarter. BOKF NA now owns 400 shares of the communications equipment provider’s stock valued at $43,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds own 33.62% of the company’s stock.

Wall Street Analyst Weigh In

SATS has been the subject of several recent research reports. Citigroup boosted their price objective on EchoStar from $111.00 to $121.00 and gave the stock a “neutral” rating in a report on Tuesday, February 3rd. TD Cowen boosted their price objective on EchoStar from $129.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Williams Trading set a $155.00 price objective on EchoStar in a research report on Monday, May 18th. Wall Street Zen upgraded shares of EchoStar from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of EchoStar in a research note on Monday, April 20th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $137.14.

EchoStar Stock Performance

EchoStar stock opened at $123.55 on Wednesday. EchoStar Corporation has a 12-month low of $14.90 and a 12-month high of $147.25. The company has a quick ratio of 0.27, a current ratio of 0.30 and a debt-to-equity ratio of 3.17. The business’s 50-day moving average price is $125.00 and its two-hundred day moving average price is $111.61. The stock has a market cap of $35.81 billion, a PE ratio of -2.47 and a beta of 0.95.

EchoStar (NASDAQ:SATS) last released its quarterly earnings results on Saturday, May 9th. The communications equipment provider reported ($0.51) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by ($0.03). EchoStar had a negative net margin of 97.56% and a negative return on equity of 4.80%. The business had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the previous year, the business posted ($0.71) EPS. As a group, analysts expect that EchoStar Corporation will post -3.79 earnings per share for the current fiscal year.

Insider Transactions at EchoStar

In other EchoStar news, CEO Hamid Akhavan sold 71,005 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $107.52, for a total value of $7,634,457.60. Following the transaction, the chief executive officer directly owned 823,293 shares of the company’s stock, valued at approximately $88,520,463.36. The trade was a 7.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 55.70% of the company’s stock.

EchoStar Profile

EchoStar Corporation (NASDAQ: SATS) is a global provider of satellite communication solutions, offering a suite of broadband and video delivery services to consumer, enterprise and government customers. The company operates two principal business segments: Broadband and Video. Through its Broadband segment, EchoStar delivers high-speed satellite internet access, managed network services and ground infrastructure for residential, commercial and rural markets. Its Video segment provides satellite fleet operations, teleport facilities and capacity-leasing services to video distributors and content providers.

In the Broadband segment, EchoStar’s Hughes Network Systems division designs and manufactures satellite broadband equipment, including user terminals and gateways, and develops advanced network management technologies.