EchoStar Co. (NASDAQ:SATS) Director James Defranco Purchases 110,000 Shares

EchoStar Co. (NASDAQ:SATSGet Free Report) Director James Defranco bought 110,000 shares of EchoStar stock in a transaction dated Friday, March 8th. The shares were bought at an average cost of $13.48 per share, for a total transaction of $1,482,800.00. Following the completion of the acquisition, the director now owns 306,951 shares in the company, valued at approximately $4,137,699.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

James Defranco also recently made the following trade(s):

  • On Wednesday, March 6th, James Defranco bought 70,000 shares of EchoStar stock. The shares were bought at an average cost of $13.14 per share, for a total transaction of $919,800.00.

EchoStar Stock Down 0.1 %

NASDAQ:SATS opened at $15.24 on Wednesday. The stock’s 50-day simple moving average is $13.99 and its 200 day simple moving average is $14.16. The company has a quick ratio of 0.53, a current ratio of 0.61 and a debt-to-equity ratio of 0.99. EchoStar Co. has a twelve month low of $9.53 and a twelve month high of $24.80.

EchoStar (NASDAQ:SATSGet Free Report) last released its quarterly earnings data on Friday, March 1st. The communications equipment provider reported ($7.48) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($7.50). The business had revenue of $4.16 billion during the quarter. EchoStar had a negative net margin of 36.33% and a positive return on equity of 5.24%. The firm’s quarterly revenue was up 732.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.59 earnings per share. Equities analysts predict that EchoStar Co. will post -1.11 earnings per share for the current fiscal year.

Institutional Trading of EchoStar

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of EchoStar by 16.8% during the fourth quarter. Vanguard Group Inc. now owns 4,046,742 shares of the communications equipment provider’s stock valued at $67,055,000 after purchasing an additional 581,159 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of EchoStar by 14.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 213,087 shares of the communications equipment provider’s stock valued at $3,531,000 after purchasing an additional 26,859 shares in the last quarter. American International Group Inc. boosted its stake in shares of EchoStar by 255.3% during the fourth quarter. American International Group Inc. now owns 60,524 shares of the communications equipment provider’s stock valued at $1,003,000 after purchasing an additional 43,489 shares in the last quarter. Quarry LP acquired a new stake in shares of EchoStar during the fourth quarter valued at about $41,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of EchoStar by 147.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 38,097 shares of the communications equipment provider’s stock valued at $632,000 after purchasing an additional 22,678 shares in the last quarter. 97.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on SATS. UBS Group increased their target price on EchoStar from $11.00 to $14.00 and gave the stock a “neutral” rating in a report on Tuesday, March 5th. TD Cowen reduced their target price on EchoStar from $39.00 to $38.00 and set an “outperform” rating on the stock in a report on Monday, March 4th. StockNews.com began coverage on EchoStar in a report on Tuesday. They set a “buy” rating on the stock. Finally, JPMorgan Chase & Co. began coverage on EchoStar in a research note on Wednesday, January 17th. They issued a “neutral” rating and a $18.00 price objective on the stock. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, EchoStar currently has an average rating of “Moderate Buy” and an average target price of $24.80.

Read Our Latest Analysis on EchoStar

About EchoStar

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for EchoStar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EchoStar and related companies with MarketBeat.com's FREE daily email newsletter.