EchoStar Co. (NASDAQ:SATS) Stock Holdings Boosted by Van ECK Associates Corp

Van ECK Associates Corp raised its position in shares of EchoStar Co. (NASDAQ:SATS) by 309.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 133,108 shares of the communications equipment provider’s stock after purchasing an additional 100,608 shares during the quarter. Van ECK Associates Corp’s holdings in EchoStar were worth $3,048,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SATS. KBC Group NV boosted its stake in EchoStar by 65.1% during the 4th quarter. KBC Group NV now owns 6,684 shares of the communications equipment provider’s stock valued at $153,000 after purchasing an additional 2,635 shares in the last quarter. SG Americas Securities LLC bought a new position in EchoStar during the 3rd quarter valued at $165,000. Neo Ivy Capital Management bought a new position in EchoStar during the 3rd quarter valued at $272,000. GSA Capital Partners LLP bought a new position in EchoStar during the 3rd quarter valued at $285,000. Finally, Quantbot Technologies LP bought a new position in EchoStar during the 3rd quarter valued at $383,000. 33.62% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on SATS shares. TD Cowen reduced their price objective on 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 started coverage on EchoStar in a research note on Monday, December 16th. They set an “equal weight” rating and a $25.00 price objective for the company. StockNews.com raised EchoStar to a “sell” rating in a research note on Saturday, November 9th. Finally, UBS Group raised their price objective on EchoStar from $15.00 to $28.00 and gave the stock a “neutral” rating in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $23.75.

EchoStar Price Performance

SATS opened at $30.17 on Friday. The stock has a fifty day moving average of $25.74 and a 200-day moving average of $23.97. The firm has a market capitalization of $8.20 billion, a P/E ratio of -3.29 and a beta of 0.72. EchoStar Co. has a 12-month low of $11.83 and a 12-month high of $30.55. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 1.11.

EchoStar Company 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.