EchoStar Corporation (NASDAQ:SATS) insider Anders N. Johnson sold 7,128 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $58.72, for a total transaction of $418,556.16. Following the transaction, the insider now owns 2,000 shares in the company, valued at $117,440. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of EchoStar Corporation (NASDAQ SATS) opened at 59.80 on Friday. The firm has a market cap of $5.72 billion, a price-to-earnings ratio of 47.50 and a beta of 0.72. The company has a 50 day moving average of $59.41 and a 200 day moving average of $58.04. EchoStar Corporation has a 1-year low of $38.08 and a 1-year high of $62.50.

EchoStar Corporation (NASDAQ:SATS) last issued its quarterly earnings data on Wednesday, August 9th. The communications equipment provider reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by $0.05. EchoStar Corporation had a return on equity of 2.87% and a net margin of 5.03%. The company had revenue of $465.08 million for the quarter, compared to the consensus estimate of $455.25 million. During the same period in the prior year, the company earned $0.47 EPS. The firm’s revenue was up 5.1% on a year-over-year basis. On average, equities analysts forecast that EchoStar Corporation will post $0.56 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Karp Capital Management Corp acquired a new position in EchoStar Corporation during the first quarter worth $840,000. Teza Capital Management LLC purchased a new position in shares of EchoStar Corporation during the first quarter worth approximately $239,000. Gamco Investors INC. ET AL increased its position in shares of EchoStar Corporation by 0.5% in the first quarter. Gamco Investors INC. ET AL now owns 594,379 shares of the communications equipment provider’s stock worth $33,850,000 after buying an additional 2,709 shares during the period. UBS Asset Management Americas Inc. increased its position in shares of EchoStar Corporation by 28.2% in the first quarter. UBS Asset Management Americas Inc. now owns 38,902 shares of the communications equipment provider’s stock worth $2,215,000 after buying an additional 8,569 shares during the period. Finally, Swiss National Bank increased its position in shares of EchoStar Corporation by 1.1% in the first quarter. Swiss National Bank now owns 76,700 shares of the communications equipment provider’s stock worth $4,368,000 after buying an additional 800 shares during the period. 45.04% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently commented on the stock. TheStreet cut shares of EchoStar Corporation from a “b-” rating to a “c+” rating in a report on Monday, August 21st. Zacks Investment Research upgraded shares of EchoStar Corporation from a “sell” rating to a “hold” rating in a report on Saturday, May 13th. Finally, BidaskClub cut shares of EchoStar Corporation from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $62.33.

EchoStar Corporation Company Profile

EchoStar Corporation is a holding company. The Company is a provider of satellite operations, video delivery solutions, digital set-top boxes, and broadband satellite technologies and services for home and office, delivering network technologies, managed services, and solutions for enterprises and governments.

Insider Buying and Selling by Quarter for EchoStar Corporation (NASDAQ:SATS)

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