Thompson Siegel & Walmsley LLC Sells 51,682 Shares of EchoStar Co. (NASDAQ:SATS)

Thompson Siegel & Walmsley LLC cut its holdings in shares of EchoStar Co. (NASDAQ:SATS) by 5.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 880,433 shares of the communications equipment provider’s stock after selling 51,682 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in EchoStar were worth $20,162,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in SATS. GSA Capital Partners LLP bought a new stake in shares of EchoStar during the third quarter worth about $285,000. Victory Capital Management Inc. grew its position in EchoStar by 11.0% in the 3rd quarter. Victory Capital Management Inc. now owns 46,767 shares of the communications equipment provider’s stock worth $1,161,000 after purchasing an additional 4,626 shares in the last quarter. Empowered Funds LLC grew its position in EchoStar by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 324,416 shares of the communications equipment provider’s stock worth $8,052,000 after purchasing an additional 16,595 shares in the last quarter. Natixis Advisors LLC grew its position in EchoStar by 9.8% in the 3rd quarter. Natixis Advisors LLC now owns 21,790 shares of the communications equipment provider’s stock worth $541,000 after purchasing an additional 1,942 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in EchoStar in the 3rd quarter worth about $651,000. 33.62% of the stock is owned by institutional investors.

EchoStar Stock Performance

Shares of SATS stock opened at $26.34 on Thursday. The stock has a market capitalization of $7.54 billion, a P/E ratio of -2.88 and a beta of 0.65. 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 firm’s 50 day moving average is $27.35 and its 200 day moving average is $25.06. EchoStar Co. has a 12 month low of $12.36 and a 12 month high of $32.48.

EchoStar (NASDAQ:SATS) last announced its quarterly earnings results on Thursday, February 27th. The communications equipment provider reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of ($0.63) by $1.87. The company had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.93 billion. EchoStar had a negative net margin of 15.51% and a negative return on equity of 0.64%. On average, sell-side analysts anticipate that EchoStar Co. will post -1.99 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SATS. UBS Group upped their price objective on shares of EchoStar from $15.00 to $28.00 and gave the stock a “neutral” rating in a research report on Monday, January 13th. TD Cowen dropped their target price on shares of EchoStar from $37.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. Finally, Morgan Stanley started coverage on shares of EchoStar in a research note on Monday, December 16th. They issued an “equal weight” rating and a $25.00 target price on the stock. 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.com, the stock presently has a consensus rating of “Hold” and a consensus price target 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.