EchoStar Corporation (NASDAQ:SATS) CFO David Rayner sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $58.50, for a total value of $292,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of EchoStar Corporation (NASDAQ SATS) opened at 59.80 on Friday. EchoStar Corporation has a 12 month low of $38.08 and a 12 month high of $62.50. The company has a market capitalization of $5.72 billion, a price-to-earnings ratio of 47.50 and a beta of 0.72. The stock has a 50 day moving average price of $59.41 and a 200-day moving average price of $58.04.

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 analysts’ consensus estimates of $0.12 by $0.05. EchoStar Corporation had a net margin of 5.03% and a return on equity of 2.87%. The company had revenue of $465.08 million for the quarter, compared to analysts’ expectations of $455.25 million. During the same quarter last year, the company earned $0.47 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. Analysts expect that EchoStar Corporation will post $0.56 earnings per share for the current fiscal year.

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SATS has been the topic of several recent research reports. BidaskClub lowered EchoStar Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Zacks Investment Research upgraded EchoStar Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, May 13th. Finally, TheStreet lowered EchoStar Corporation from a “b-” rating to a “c+” rating in a research report on Monday, August 21st. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. EchoStar Corporation currently has an average rating of “Buy” and a consensus price target of $62.33.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SATS. Teacher Retirement System of Texas boosted its position in EchoStar Corporation by 1.1% in the second quarter. Teacher Retirement System of Texas now owns 3,734 shares of the communications equipment provider’s stock worth $227,000 after buying an additional 39 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its position in EchoStar Corporation by 0.4% in the second quarter. Public Employees Retirement Association of Colorado now owns 10,114 shares of the communications equipment provider’s stock worth $614,000 after buying an additional 42 shares in the last quarter. US Bancorp DE boosted its position in EchoStar Corporation by 0.7% in the second quarter. US Bancorp DE now owns 12,395 shares of the communications equipment provider’s stock worth $753,000 after buying an additional 82 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in EchoStar Corporation by 0.6% in the first quarter. Public Employees Retirement System of Ohio now owns 15,071 shares of the communications equipment provider’s stock worth $858,000 after buying an additional 89 shares in the last quarter. Finally, Credit Suisse AG boosted its position in EchoStar Corporation by 0.3% in the first quarter. Credit Suisse AG now owns 40,993 shares of the communications equipment provider’s stock worth $2,334,000 after buying an additional 130 shares in the last quarter. 45.04% of the stock is currently owned by hedge funds and other institutional investors.

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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