First Hawaiian Bank Invests $197,000 in EchoStar Co. (NASDAQ:SATS)

First Hawaiian Bank acquired a new position in EchoStar Co. (NASDAQ:SATS) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,859 shares of the communications equipment provider’s stock, valued at approximately $197,000.

Several other institutional investors also recently bought and sold shares of the company. Swiss National Bank grew its position in shares of EchoStar by 2.3% during the 3rd quarter. Swiss National Bank now owns 75,400 shares of the communications equipment provider’s stock worth $1,263,000 after buying an additional 1,700 shares in the last quarter. Quarry LP purchased a new position in EchoStar during the fourth quarter valued at approximately $41,000. Quest Partners LLC bought a new position in EchoStar in the fourth quarter worth approximately $42,000. Janney Montgomery Scott LLC raised its stake in EchoStar by 16.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 29,066 shares of the communications equipment provider’s stock worth $482,000 after buying an additional 4,049 shares in the last quarter. Finally, Potomac Capital Management Inc. lifted its holdings in EchoStar by 1.9% during the third quarter. Potomac Capital Management Inc. now owns 233,600 shares of the communications equipment provider’s stock worth $3,913,000 after buying an additional 4,286 shares during the period. 33.62% of the stock is currently owned by hedge funds and other institutional investors.

EchoStar Stock Down 0.1 %

Shares of SATS opened at $17.20 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.44 and a quick ratio of 0.35. The company’s fifty day moving average price is $17.10 and its 200-day moving average price is $15.04. EchoStar Co. has a 1-year low of $9.53 and a 1-year high of $24.80.

EchoStar (NASDAQ:SATS) last posted its quarterly earnings results on Wednesday, May 8th. The communications equipment provider reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.23). EchoStar had a negative net margin of 23.47% and a positive return on equity of 2.26%. The firm had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $4.07 billion. During the same quarter in the previous year, the firm posted $0.38 EPS. The firm’s revenue for the quarter was down 8.5% compared to the same quarter last year. Sell-side analysts anticipate that EchoStar Co. will post -1.5 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. UBS Group upped their price objective on EchoStar from $11.00 to $14.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 5th. Morgan Stanley decreased their target price on shares of EchoStar from $14.25 to $14.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 3rd. TD Cowen cut their price target on shares of EchoStar from $39.00 to $38.00 and set an “outperform” rating on the stock in a report on Monday, March 4th. Finally, StockNews.com upgraded EchoStar to a “sell” rating in a report on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $23.00.

About EchoStar

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.