New Age Alpha Advisors LLC Takes Position in EchoStar Co. (NASDAQ:SATS)

New Age Alpha Advisors LLC purchased a new position in EchoStar Co. (NASDAQ:SATS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,831 shares of the communications equipment provider’s stock, valued at approximately $408,000.

Several other institutional investors and hedge funds also recently bought and sold shares of SATS. Smartleaf Asset Management LLC boosted its stake in shares of EchoStar by 251.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,609 shares of the communications equipment provider’s stock worth $37,000 after purchasing an additional 1,151 shares during the period. KBC Group NV grew its stake in shares of EchoStar by 65.1% during the fourth quarter. KBC Group NV now owns 6,684 shares of the communications equipment provider’s stock valued at $153,000 after buying an additional 2,635 shares during the last quarter. Xponance Inc. lifted its stake in shares of EchoStar by 8.7% during the 4th quarter. Xponance Inc. now owns 8,773 shares of the communications equipment provider’s stock worth $201,000 after acquiring an additional 701 shares during the last quarter. LPL Financial LLC purchased a new position in EchoStar during the 4th quarter valued at $204,000. Finally, Cibc World Markets Corp bought a new position in EchoStar in the 4th quarter valued at $261,000. 33.62% of the stock is owned by hedge funds and other institutional investors.

EchoStar Trading Down 1.5 %

SATS opened at $25.19 on Wednesday. EchoStar Co. has a 12 month low of $12.66 and a 12 month high of $32.48. The stock has a fifty day moving average price of $27.93 and a 200-day moving average price of $25.66. The firm has a market cap of $7.22 billion, a price-to-earnings ratio of -2.75 and a beta of 0.65. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 1.11.

EchoStar (NASDAQ:SATS) last released its quarterly earnings results on Thursday, February 27th. The communications equipment provider reported $1.24 EPS for the quarter, beating 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 anticipate that EchoStar Co. will post -1.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SATS has been the topic of several recent analyst reports. Morgan Stanley started coverage on shares of 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 increased their price objective on EchoStar from $15.00 to $28.00 and gave the stock a “neutral” rating in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, EchoStar presently has an average rating of “Hold” and a consensus price target 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.