FourThought Financial Partners LLC Buys New Shares in EchoStar Corporation $SATS

FourThought Financial Partners LLC purchased a new stake in shares of EchoStar Corporation (NASDAQ:SATS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 5,301 shares of the communications equipment provider’s stock, valued at approximately $405,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. DLD Asset Management LP bought a new stake in EchoStar during the 3rd quarter worth approximately $2,481,700,000. Contrarius Group Holdings Ltd bought a new position in shares of EchoStar in the third quarter worth approximately $98,819,000. Darsana Capital Partners LP increased its stake in shares of EchoStar by 15.5% in the second quarter. Darsana Capital Partners LP now owns 8,960,000 shares of the communications equipment provider’s stock worth $248,192,000 after purchasing an additional 1,201,672 shares in the last quarter. Hennessy Advisors Inc. purchased a new stake in shares of EchoStar in the third quarter worth $42,464,000. Finally, Evergreen Capital Management LLC raised its position in shares of EchoStar by 6,942.9% during the 3rd quarter. Evergreen Capital Management LLC now owns 522,022 shares of the communications equipment provider’s stock valued at $39,862,000 after purchasing an additional 514,610 shares during the period. Hedge funds and other institutional investors own 33.62% of the company’s stock.

Wall Street Analysts Forecast Growth

SATS has been the topic of a number of analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of EchoStar in a research note on Wednesday, January 21st. Citigroup increased their price target on EchoStar from $111.00 to $121.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft boosted their price objective on EchoStar from $97.00 to $131.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Zacks Research raised EchoStar from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Finally, TD Cowen reiterated a “buy” rating on shares of EchoStar in a research report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $134.17.

Insider Buying and Selling at EchoStar

In other EchoStar news, CEO Hamid Akhavan sold 71,005 shares of the business’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $107.52, for a total value of $7,634,457.60. Following the sale, the chief executive officer owned 823,293 shares in the company, valued at $88,520,463.36. The trade was a 7.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO John Swieringa sold 50,088 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $113.58, for a total transaction of $5,688,995.04. Following the transaction, the chief operating officer directly owned 253,535 shares of the company’s stock, valued at $28,796,505.30. This trade represents a 16.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 406,925 shares of company stock worth $43,430,137. Corporate insiders own 55.70% of the company’s stock.

Key EchoStar News

Here are the key news stories impacting EchoStar this week:

• Positive Sentiment: S&P 500 inclusion should support demand from index funds and boost liquidity as SATS joins the benchmark. Inclusion often creates one-time buying pressure and higher institutional interest. S&P Rebalance Article
• Positive Sentiment: Operational catalysts remain: coverage highlights the upcoming Falcon 9 launch (EchoStar XXV) and recent spectrum sale that could materially reshape revenue/timing of cash flows — potential upside if launches and spectrum monetization proceed as planned. Falcon 9 / Valuation Article
• Neutral Sentiment: Valuation and timing debate: commentary asks whether SATS is too late to buy after a multi-year rally, signaling mixed analyst views that could keep volatility elevated. Is It Too Late Article
• Neutral Sentiment: Reported short-interest figures in recent filings show zero shares/NaN changes — likely a reporting/data anomaly; this makes short-interest signals unreliable for now. Short Interest Note
• Negative Sentiment: CEO Hamid Akhavan sold 71,005 shares (~$7.63M) on March 6, reducing his stake by about 7.94%; insider selling of this size can weigh on sentiment even if the insider retains a large holding. See the SEC filing. SEC Form 4
• Negative Sentiment: EchoStar COO also executed a multi-million dollar sale ($5.69M), adding to the insider selling narrative that may pressure the stock in the near term. COO Sale Article
• Negative Sentiment: Gray Media’s blackout of 226 local channels is disrupting DISH TV customers nationwide; while this directly impacts DISH, the outage can create negative sentiment across the satellite/pay-TV ecosystem and could be a short-term headwind for companies tied to pay-TV distribution. Gray Media Blackout

EchoStar Price Performance

Shares of NASDAQ:SATS opened at $108.50 on Wednesday. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.38 and a current ratio of 0.42. The firm has a fifty day moving average price of $115.55 and a 200 day moving average price of $90.93. EchoStar Corporation has a fifty-two week low of $14.90 and a fifty-two week high of $132.25. The firm has a market cap of $31.23 billion, a price-to-earnings ratio of -2.16 and a beta of 1.01.

EchoStar Company Profile

EchoStar Corporation (NASDAQ: SATS) is a global provider of satellite communication solutions, offering a suite of broadband and video delivery services to consumer, enterprise and government customers. The company operates two principal business segments: Broadband and Video. Through its Broadband segment, EchoStar delivers high-speed satellite internet access, managed network services and ground infrastructure for residential, commercial and rural markets. Its Video segment provides satellite fleet operations, teleport facilities and capacity-leasing services to video distributors and content providers.

In the Broadband segment, EchoStar’s Hughes Network Systems division designs and manufactures satellite broadband equipment, including user terminals and gateways, and develops advanced network management technologies.