Natixis Advisors LLC Buys 1,942 Shares of EchoStar Co. (NASDAQ:SATS)

Natixis Advisors LLC increased its stake in EchoStar Co. (NASDAQ:SATS) by 9.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,790 shares of the communications equipment provider’s stock after buying an additional 1,942 shares during the quarter. Natixis Advisors LLC’s holdings in EchoStar were worth $541,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of SATS. GAMMA Investing LLC lifted its position in shares of EchoStar by 54.7% during the third quarter. GAMMA Investing LLC now owns 2,231 shares of the communications equipment provider’s stock worth $55,000 after purchasing an additional 789 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in shares of EchoStar by 1.8% during the second quarter. Louisiana State Employees Retirement System now owns 60,700 shares of the communications equipment provider’s stock worth $1,081,000 after purchasing an additional 1,100 shares during the last quarter. Hexagon Capital Partners LLC lifted its position in shares of EchoStar by 694.8% during the second quarter. Hexagon Capital Partners LLC now owns 1,677 shares of the communications equipment provider’s stock worth $30,000 after purchasing an additional 1,466 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of EchoStar by 3.2% during the second quarter. The Manufacturers Life Insurance Company now owns 69,602 shares of the communications equipment provider’s stock worth $1,240,000 after purchasing an additional 2,176 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of EchoStar by 122.9% during the second quarter. Nisa Investment Advisors LLC now owns 4,199 shares of the communications equipment provider’s stock worth $75,000 after purchasing an additional 2,315 shares during the last quarter. 33.62% of the stock is currently owned by institutional investors.

Insider Buying and Selling at EchoStar

In related news, Chairman Charles W. Ergen bought 1,551,355 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were bought at an average price of $28.04 per share, for a total transaction of $43,499,994.20. Following the completion of the purchase, the chairman now directly owns 1,551,355 shares of the company’s stock, valued at approximately $43,499,994.20. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 55.90% of the stock is owned by insiders.

EchoStar Price Performance

SATS opened at $25.03 on Friday. The business’s 50-day moving average is $24.84 and its two-hundred day moving average is $21.04. EchoStar Co. has a 1 year low of $10.18 and a 1 year high of $30.08. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.67 and a quick ratio of 0.61. The firm has a market capitalization of $6.80 billion, a PE ratio of -2.73 and a beta of 0.70.

Analyst Ratings Changes

Several research firms have recently weighed in on SATS. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $12.00 target price on shares of EchoStar in a research report on Monday, August 12th. UBS Group raised their price target on EchoStar from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Tuesday, August 13th. Morgan Stanley raised their price target on EchoStar from $14.00 to $20.00 and gave the company an “equal weight” rating in a research note on Friday, September 13th. StockNews.com upgraded EchoStar to a “sell” rating in a research note on Saturday, November 9th. Finally, Raymond James lowered EchoStar from a “strong-buy” rating to a “market perform” rating in a research note on Tuesday, October 1st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, EchoStar presently has an average rating of “Hold” and an average price target of $19.25.

EchoStar Profile

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.