Quantbot Technologies LP Acquires 82,954 Shares of EchoStar Co. (NASDAQ:SATS)

Quantbot Technologies LP increased its position in EchoStar Co. (NASDAQ:SATS) by 537.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 98,390 shares of the communications equipment provider’s stock after acquiring an additional 82,954 shares during the quarter. Quantbot Technologies LP’s holdings in EchoStar were worth $2,253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its holdings in shares of EchoStar by 251.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,609 shares of the communications equipment provider’s stock worth $37,000 after acquiring an additional 1,151 shares during the period. KBC Group NV grew its holdings in shares of 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 acquiring an additional 2,635 shares during the period. Xponance Inc. grew its holdings in shares of EchoStar by 8.7% in the fourth 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 period. Cibc World Markets Corp bought a new stake in shares of EchoStar in the fourth quarter worth $261,000. Finally, Neo Ivy Capital Management bought a new stake in shares of EchoStar in the third quarter worth $272,000. Institutional investors own 33.62% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. UBS Group lifted their price objective on EchoStar from $15.00 to $28.00 and gave the stock a “neutral” rating in a report on Monday, January 13th. Morgan Stanley assumed coverage on EchoStar in a research report on Monday, December 16th. They set an “equal weight” rating and a $25.00 target price on the stock. Two 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. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $23.75.

EchoStar Price Performance

NASDAQ SATS opened at $26.46 on Monday. The company has a market capitalization of $7.58 billion, a PE ratio of -2.89 and a beta of 0.65. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.61 and a current ratio of 0.67. The business’s fifty day moving average is $27.86 and its 200 day moving average is $25.48. EchoStar Co. has a fifty-two week low of $12.66 and a fifty-two week high of $32.48.

EchoStar (NASDAQ:SATS) last announced its quarterly earnings data 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 return on equity of 0.64% and a negative net margin of 15.51%. The business had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.93 billion. Sell-side analysts predict that EchoStar Co. will post -1.99 earnings per share for the current 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.