Yousif Capital Management LLC Sells 883 Shares of EchoStar Co. (NASDAQ:SATS)

Yousif Capital Management LLC reduced its stake in EchoStar Co. (NASDAQ:SATS) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 45,717 shares of the communications equipment provider’s stock after selling 883 shares during the period. Yousif Capital Management LLC’s holdings in EchoStar were worth $1,047,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. State Street Corp increased its holdings in EchoStar by 1.3% in the 3rd quarter. State Street Corp now owns 4,776,238 shares of the communications equipment provider’s stock valued at $118,546,000 after acquiring an additional 62,674 shares during the last quarter. Darsana Capital Partners LP increased its holdings in EchoStar by 44.8% in the 3rd quarter. Darsana Capital Partners LP now owns 3,000,000 shares of the communications equipment provider’s stock valued at $74,460,000 after acquiring an additional 927,695 shares during the last quarter. Stonehill Capital Management LLC bought a new stake in EchoStar in the 3rd quarter valued at $9,235,000. Empowered Funds LLC increased its holdings in EchoStar by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 324,416 shares of the communications equipment provider’s stock valued at $8,052,000 after acquiring an additional 16,595 shares during the last quarter. Finally, Citigroup Inc. increased its holdings in EchoStar by 32.7% in the 3rd quarter. Citigroup Inc. now owns 164,534 shares of the communications equipment provider’s stock valued at $4,084,000 after acquiring an additional 40,533 shares during the last quarter. 33.62% of the stock is currently owned by institutional investors.

EchoStar Price Performance

SATS stock opened at $29.26 on Friday. EchoStar Co. has a 12 month low of $11.83 and a 12 month high of $30.08. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 1.11. The company has a 50-day moving average price of $25.22 and a 200 day moving average price of $23.69. The stock has a market cap of $7.95 billion, a PE ratio of -3.19 and a beta of 0.72.

Wall Street Analysts Forecast Growth

SATS has been the subject of a number of recent research reports. TD Cowen dropped their price objective on shares of EchoStar from $37.00 to $30.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Morgan Stanley initiated coverage on shares of EchoStar in a research note on Monday, December 16th. They issued an “equal weight” rating and a $25.00 price objective for the company. UBS Group lifted their price objective on shares of EchoStar from $15.00 to $28.00 and gave the stock a “neutral” rating in a research note on Monday, January 13th. Finally, StockNews.com raised shares of EchoStar to a “sell” rating in a research note on Saturday, November 9th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $23.75.

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.