EchoStar Co. (NASDAQ:SATS) Shares Bought by Inspire Investing LLC

Inspire Investing LLC grew its position in shares of EchoStar Co. (NASDAQ:SATS) by 7.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,599 shares of the communications equipment provider’s stock after purchasing an additional 1,198 shares during the period. Inspire Investing LLC’s holdings in EchoStar were worth $403,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC increased its stake in EchoStar by 54.7% during the 3rd quarter. GAMMA Investing LLC now owns 2,231 shares of the communications equipment provider’s stock worth $55,000 after buying an additional 789 shares during the period. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of EchoStar during the second quarter valued at about $89,000. SG Americas Securities LLC acquired a new position in shares of EchoStar in the third quarter worth about $165,000. XTX Topco Ltd purchased a new position in EchoStar in the second quarter valued at about $183,000. Finally, Scientech Research LLC acquired a new stake in EchoStar during the 2nd quarter valued at approximately $265,000. 33.62% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Chairman Charles W. Ergen purchased 1,551,355 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were acquired at an average price of $28.04 per share, with a total value of $43,499,994.20. Following the acquisition, the chairman now owns 1,551,355 shares in the company, valued at approximately $43,499,994.20. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 55.90% of the stock is currently owned by corporate insiders.

EchoStar Trading Down 1.6 %

EchoStar stock opened at $27.66 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.61 and a current ratio of 0.67. EchoStar Co. has a 1 year low of $11.83 and a 1 year high of $30.08. The firm’s 50-day moving average is $24.04 and its 200-day moving average is $22.81. The company has a market cap of $7.52 billion, a P/E ratio of -3.02 and a beta of 0.70.

Analyst Upgrades and Downgrades

SATS has been the subject of several research analyst reports. Morgan Stanley assumed coverage on EchoStar in a research note on Monday, December 16th. They set an “equal weight” rating and a $25.00 target price for the company. Raymond James downgraded shares of EchoStar from a “strong-buy” rating to a “market perform” rating in a research note on Tuesday, October 1st. TD Cowen dropped their target price on shares of EchoStar from $37.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. UBS Group lifted their price target on EchoStar from $15.00 to $28.00 and gave the stock a “neutral” rating in a research note on Monday, January 13th. Finally, StockNews.com upgraded EchoStar to a “sell” rating in a research note on Saturday, November 9th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price 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.