Nisa Investment Advisors LLC Sells 10,907 Shares of EchoStar Co. (NASDAQ:SATS)

Nisa Investment Advisors LLC reduced its position in shares of EchoStar Co. (NASDAQ:SATS) by 86.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,700 shares of the communications equipment provider’s stock after selling 10,907 shares during the quarter. Nisa Investment Advisors LLC’s holdings in EchoStar were worth $28,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in SATS. OMERS ADMINISTRATION Corp bought a new stake in EchoStar in the third quarter valued at about $2,047,000. Versor Investments LP bought a new stake in shares of EchoStar in the 3rd quarter valued at about $1,849,000. American Century Companies Inc. raised its position in shares of EchoStar by 9.1% in the 3rd quarter. American Century Companies Inc. now owns 474,254 shares of the communications equipment provider’s stock valued at $7,944,000 after acquiring an additional 39,575 shares during the period. New York Life Investment Management LLC boosted its stake in EchoStar by 443.1% during the 3rd quarter. New York Life Investment Management LLC now owns 122,387 shares of the communications equipment provider’s stock worth $2,050,000 after acquiring an additional 99,854 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in EchoStar by 1.0% in the third quarter. Vanguard Group Inc. now owns 3,465,583 shares of the communications equipment provider’s stock worth $58,049,000 after purchasing an additional 33,451 shares during the period. 33.62% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director James Defranco purchased 110,000 shares of EchoStar stock in a transaction that occurred on Friday, March 8th. The stock was purchased at an average cost of $13.48 per share, with a total value of $1,482,800.00. Following the completion of the transaction, the director now owns 306,951 shares of the company’s stock, valued at approximately $4,137,699.48. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 55.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently commented on SATS shares. UBS Group upped their price objective on shares of EchoStar from $11.00 to $14.00 and gave the company a “neutral” rating in a research report on Tuesday, March 5th. JPMorgan Chase & Co. assumed coverage on EchoStar in a research report on Wednesday, January 17th. They set a “neutral” rating and a $18.00 price target on the stock. Morgan Stanley decreased their price objective on EchoStar from $14.25 to $14.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 3rd. TD Cowen cut their price target on shares of EchoStar from $39.00 to $38.00 and set an “outperform” rating on the stock in a research note on Monday, March 4th. Finally, StockNews.com assumed coverage on shares of EchoStar in a research report on Saturday, April 13th. They set a “sell” rating for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $23.00.

EchoStar Trading Up 3.5 %

NASDAQ SATS opened at $15.06 on Tuesday. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of -2.16 and a beta of 0.69. EchoStar Co. has a 52 week low of $9.53 and a 52 week high of $24.80. The stock’s 50 day moving average price is $13.68 and its two-hundred day moving average price is $13.45. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.61.

EchoStar (NASDAQ:SATS) last announced its earnings results on Thursday, February 29th. The communications equipment provider reported $1.21 EPS for the quarter, topping the consensus estimate of $0.02 by $1.19. EchoStar had a negative net margin of 36.33% and a positive return on equity of 5.24%. The business had revenue of $4.16 billion during the quarter. During the same quarter in the previous year, the company posted $0.59 EPS. The business’s revenue for the quarter was up 732.2% compared to the same quarter last year. As a group, analysts anticipate that EchoStar Co. will post -1.28 earnings per share for the current fiscal year.

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.