Kranti Kilaru Sells 69,202 Shares of EchoStar Corp. (SATS) Stock
EchoStar Corp. (NASDAQ:SATS) EVP Kranti Kilaru sold 69,202 shares of the firm’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of $50.02, for a total value of $3,461,484.04. Following the transaction, the executive vice president now owns 5,423 shares in the company, valued at $271,258.46. The sale was disclosed in a document filed with the SEC, which is available at this link.
Kranti Kilaru also recently made the following trade(s):
- On Wednesday, November 16th, Kranti Kilaru sold 50,615 shares of EchoStar Corp. stock. The shares were sold at an average price of $50.20, for a total value of $2,540,873.00.
Shares of EchoStar Corp. (NASDAQ:SATS) opened at 50.36 on Wednesday. The company has a market capitalization of $4.74 billion, a PE ratio of 22.59 and a beta of 0.84. EchoStar Corp. has a 1-year low of $30.86 and a 1-year high of $50.77. The stock’s 50 day moving average price is $47.14 and its 200-day moving average price is $41.41.
EchoStar Corp. (NASDAQ:SATS) last issued its quarterly earnings results on Tuesday, November 8th. The company reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.05. The company had revenue of $742 million for the quarter, compared to analysts’ expectations of $735.61 million. EchoStar Corp. had a return on equity of 5.28% and a net margin of 6.60%. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.32 earnings per share. On average, equities analysts predict that EchoStar Corp. will post $1.85 EPS for the current year.
Several equities analysts have weighed in on the company. Citigroup Inc. raised their price objective on EchoStar Corp. from $60.00 to $62.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. Zacks Investment Research upgraded EchoStar Corp. from a “strong sell” rating to a “hold” rating in a research note on Saturday, September 3rd. Finally, TheStreet upgraded EchoStar Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, October 19th.
A number of large investors have recently modified their holdings of SATS. Teachers Advisors Inc. boosted its stake in shares of EchoStar Corp. by 4.8% in the first quarter. Teachers Advisors Inc. now owns 40,042 shares of the company’s stock valued at $1,773,000 after buying an additional 1,816 shares during the last quarter. BlackRock Group LTD boosted its stake in shares of EchoStar Corp. by 21.2% in the first quarter. BlackRock Group LTD now owns 32,548 shares of the company’s stock valued at $1,443,000 after buying an additional 5,703 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of EchoStar Corp. by 727.4% in the first quarter. JPMorgan Chase & Co. now owns 18,774 shares of the company’s stock valued at $831,000 after buying an additional 16,505 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of EchoStar Corp. by 6.4% in the first quarter. Geode Capital Management LLC now owns 306,720 shares of the company’s stock valued at $13,584,000 after buying an additional 18,413 shares during the last quarter. Finally, A.R.T. Advisors LLC purchased a new stake in shares of EchoStar Corp. during the first quarter valued at $1,443,000. 43.41% of the stock is currently owned by institutional investors.
About EchoStar Corp.
EchoStar Corporation is a holding company. The Company operates through three segments: Hughes, EchoStar Technologies (ETC) and EchoStar Satellite Services (ESS). Its operations also include real estate and other activities. The Company’s Hughes segment provides broadband satellite technologies and services for the home and office, delivering network technologies, managed services, and solutions for consumers, enterprises and governments.
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