Thompson Siegel & Walmsley LLC Sells 5,982 Shares of EchoStar Corporation $SATS

Thompson Siegel & Walmsley LLC decreased its position in shares of EchoStar Corporation (NASDAQ:SATS) by 38.4% in the 4th quarter, Holdings Channel reports. The fund owned 9,591 shares of the communications equipment provider’s stock after selling 5,982 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in EchoStar were worth $1,043,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the stock. HB Wealth Management LLC raised its holdings in shares of EchoStar by 2.0% in the 4th quarter. HB Wealth Management LLC now owns 4,933 shares of the communications equipment provider’s stock valued at $536,000 after acquiring an additional 98 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of EchoStar by 2.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,618 shares of the communications equipment provider’s stock valued at $611,000 after buying an additional 114 shares in the last quarter. Fifth Third Bancorp grew its position in EchoStar by 8.1% during the 4th quarter. Fifth Third Bancorp now owns 1,800 shares of the communications equipment provider’s stock worth $196,000 after acquiring an additional 135 shares during the last quarter. Northwestern Mutual Investment Management Company LLC grew its position in EchoStar by 0.5% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 30,118 shares of the communications equipment provider’s stock worth $3,274,000 after acquiring an additional 144 shares during the last quarter. Finally, CoreCap Advisors LLC bought a new position in EchoStar during the 4th quarter worth approximately $28,000. Institutional investors own 33.62% of the company’s stock.

EchoStar Trading Down 3.0%

NASDAQ SATS opened at $123.55 on Wednesday. The company has a quick ratio of 0.27, a current ratio of 0.30 and a debt-to-equity ratio of 3.17. EchoStar Corporation has a twelve month low of $14.90 and a twelve month high of $147.25. The firm has a market capitalization of $35.81 billion, a PE ratio of -2.47 and a beta of 0.95. The stock’s 50 day moving average is $125.00 and its 200 day moving average is $111.61.

EchoStar (NASDAQ:SATS) last announced its quarterly earnings data on Saturday, May 9th. The communications equipment provider reported ($0.51) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.03). The company had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.65 billion. EchoStar had a negative net margin of 97.56% and a negative return on equity of 4.80%. During the same quarter in the previous year, the firm posted ($0.71) EPS. Research analysts forecast that EchoStar Corporation will post -3.79 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SATS has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of EchoStar in a research report on Monday, April 20th. New Street Research initiated coverage on EchoStar in a research report on Wednesday, May 13th. They issued a “buy” rating and a $161.00 price objective on the stock. Wall Street Zen upgraded EchoStar from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Zacks Research lowered EchoStar from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. Finally, Citigroup lifted their price target on EchoStar from $111.00 to $121.00 and gave the company a “neutral” rating in a research report on Tuesday, February 3rd. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $137.14.

Insider Transactions at EchoStar

In other EchoStar news, CEO Hamid Akhavan sold 71,005 shares of EchoStar stock in a transaction on Friday, March 6th. The stock was sold at an average price of $107.52, for a total transaction of $7,634,457.60. Following the completion of the transaction, the chief executive officer owned 823,293 shares in the company, valued at approximately $88,520,463.36. The trade was a 7.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 55.70% of the company’s stock.

EchoStar 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.