Sei Investments Co. Decreases Holdings in EchoStar Co. (NASDAQ:SATS)

Sei Investments Co. lowered its position in EchoStar Co. (NASDAQ:SATS) by 12.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,809 shares of the communications equipment provider’s stock after selling 6,990 shares during the quarter. Sei Investments Co.’s holdings in EchoStar were worth $1,118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Smartleaf Asset Management LLC boosted its stake in shares of EchoStar by 251.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,609 shares of the communications equipment provider’s stock valued at $37,000 after purchasing an additional 1,151 shares in the last quarter. KBC Group NV lifted its stake in EchoStar by 65.1% in the fourth 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 during the last quarter. Xponance Inc. boosted its position 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 during the period. Neo Ivy Capital Management bought a new position in shares of EchoStar during the third quarter valued at about $272,000. Finally, Cibc World Markets Corp bought a new stake in shares of EchoStar in the 4th quarter valued at about $261,000. 33.62% of the stock is currently owned by institutional investors.

EchoStar Price Performance

Shares of EchoStar stock opened at $21.21 on Tuesday. The business has a 50 day moving average of $27.57 and a 200 day moving average of $25.58. EchoStar Co. has a 52 week low of $13.00 and a 52 week high of $32.48. The company has a market cap of $6.08 billion, a PE ratio of -2.32 and a beta of 0.72. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 1.11.

EchoStar (NASDAQ:SATS) last issued its quarterly earnings data 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. EchoStar had a negative net margin of 15.51% and a negative return on equity of 0.64%. The business had revenue of $3.97 billion during the quarter, compared to analyst estimates of $3.93 billion. As a group, equities research analysts forecast that EchoStar Co. will post -1.99 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Morgan Stanley began coverage on EchoStar in a research note on Monday, December 16th. They issued an “equal weight” rating and a $25.00 price target on the stock. UBS Group upped their price target on shares of EchoStar from $15.00 to $28.00 and gave the company a “neutral” rating in a 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 given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $23.75.

EchoStar Company 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.